Short Interest in Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) Drops By 33.9%

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 8,400 shares, a drop of 33.9% from the February 13th total of 12,700 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 6,200 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in shares of Rhinebeck Bancorp by 10.8% during the 3rd quarter. Geode Capital Management LLC now owns 37,286 shares of the company’s stock worth $345,000 after purchasing an additional 3,637 shares in the last quarter. Empowered Funds LLC boosted its holdings in Rhinebeck Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 50,314 shares of the company’s stock worth $465,000 after buying an additional 2,546 shares during the period. State of Wyoming bought a new position in Rhinebeck Bancorp in the 4th quarter worth approximately $25,000. Dimensional Fund Advisors LP boosted its holdings in Rhinebeck Bancorp by 24.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 22,704 shares of the company’s stock valued at $219,000 after purchasing an additional 4,519 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of Rhinebeck Bancorp by 70.8% during the 4th quarter. Alliancebernstein L.P. now owns 196,254 shares of the company’s stock valued at $1,898,000 after buying an additional 81,345 shares in the last quarter. 23.88% of the stock is currently owned by institutional investors and hedge funds.

Rhinebeck Bancorp Stock Up 1.3 %

Shares of RBKB traded up $0.13 during midday trading on Friday, hitting $10.44. The stock had a trading volume of 3,658 shares, compared to its average volume of 6,198. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.94 and a quick ratio of 0.94. The company has a 50 day simple moving average of $10.01 and a two-hundred day simple moving average of $9.49. The firm has a market cap of $115.76 million, a price-to-earnings ratio of -12.89 and a beta of 0.74. Rhinebeck Bancorp has a twelve month low of $7.30 and a twelve month high of $10.49.

Rhinebeck Bancorp (NASDAQ:RBKB) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.05 EPS for the quarter. Rhinebeck Bancorp had a positive return on equity of 3.44% and a negative net margin of 15.89%.

Rhinebeck Bancorp Company Profile

Rhinebeck Bancorp, Inc operates as the bank holding company for Rhinebeck Bank that provides banking and financial products and services to consumer and commercial customers in the Hudson Valley region of New York. The company offers deposits, including non-interest-bearing demand, interest bearing demand, money market, commercial and personal checking, individual retirement, and saving accounts, as well as certificates of deposit.