Rhinebeck Bancorp (NASDAQ:RBKB) Announces Quarterly Earnings Results

Rhinebeck Bancorp (NASDAQ:RBKB) announced its quarterly earnings results on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, Zacks reports. Rhinebeck Bancorp had a negative net margin of 8.77% and a positive return on equity of 3.81%.

Rhinebeck Bancorp Stock Performance

Shares of RBKB stock opened at $10.02 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $111.12 million, a price-to-earnings ratio of -21.32 and a beta of 0.75. Rhinebeck Bancorp has a 12-month low of $7.30 and a 12-month high of $10.24. The stock’s 50-day moving average price is $9.73 and its 200-day moving average price is $9.10.

Insider Activity at Rhinebeck Bancorp

In related news, insider Francis X. Dwyer sold 14,779 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $9.78, for a total transaction of $144,538.62. Following the sale, the insider now owns 10,079 shares of the company’s stock, valued at $98,572.62. This represents a 59.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 17,745 shares of company stock valued at $173,652. Insiders own 6.36% of the company’s stock.

About Rhinebeck Bancorp

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.