Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) saw a large decline in short interest in August. As of August 31st, there was short interest totalling 3,600 shares, a decline of 26.5% from the August 15th total of 4,900 shares. Based on an average daily trading volume, of 1,900 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.1% of the shares of the stock are short sold.
Institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC grew its stake in shares of Rhinebeck Bancorp by 11.9% in the 1st quarter. Renaissance Technologies LLC now owns 13,200 shares of the company’s stock worth $137,000 after purchasing an additional 1,400 shares during the last quarter. BlackRock Inc. grew its stake in shares of Rhinebeck Bancorp by 9.7% in the 1st quarter. BlackRock Inc. now owns 18,604 shares of the company’s stock worth $192,000 after purchasing an additional 1,650 shares during the last quarter. Finally, M3F Inc. grew its stake in shares of Rhinebeck Bancorp by 11.9% in the 1st quarter. M3F Inc. now owns 258,878 shares of the company’s stock worth $2,679,000 after purchasing an additional 27,485 shares during the last quarter. 15.13% of the stock is currently owned by institutional investors.
Shares of RBKB stock traded up $0.52 during midday trading on Monday, reaching $11.20. 885 shares of the company were exchanged, compared to its average volume of 6,289. Rhinebeck Bancorp has a 12 month low of $6.32 and a 12 month high of $13.10. The company has a market cap of $124.66 million, a P/E ratio of 13.18 and a beta of 1.44. The company’s 50 day moving average price is $10.73 and its two-hundred day moving average price is $10.60. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 0.89.
Rhinebeck Bancorp, Inc operates as a bank holding company. It operates through the following segments: Commercial Real Estate, Residential Real Estate, Commercial and Industrial and Consumer. The Commercial Real Estate loans segment is separated into the three classes: construction, non-residential and multi-family, Non-residential and multi-family loans include long-term loans financing commercial properties and include both owner and non-owner occupied properties.
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