Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) Insider Karen E. Morgan-D’amelio Sells 1,430 Shares of Stock

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) insider Karen E. Morgan-D’amelio sold 1,430 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $9.80, for a total value of $14,014.00. Following the transaction, the insider now directly owns 1,536 shares in the company, valued at $15,052.80. The trade was a 48.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Rhinebeck Bancorp Stock Performance

RBKB stock opened at $9.81 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.94 and a quick ratio of 0.94. Rhinebeck Bancorp, Inc. has a 1-year low of $6.10 and a 1-year high of $10.24. The business has a 50-day moving average price of $9.30 and a 200 day moving average price of $8.49. The company has a market capitalization of $108.77 million, a P/E ratio of -20.87 and a beta of 0.74.

Institutional Investors Weigh In On Rhinebeck Bancorp

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Rhinebeck Bancorp by 135.3% during the first quarter. Vanguard Group Inc. now owns 242,118 shares of the company’s stock valued at $2,046,000 after purchasing an additional 139,200 shares in the last quarter. Empowered Funds LLC lifted its holdings in Rhinebeck Bancorp by 5.3% during the third 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. Finally, Geode Capital Management LLC boosted its position in Rhinebeck Bancorp by 10.8% during the 3rd quarter. Geode Capital Management LLC now owns 37,286 shares of the company’s stock valued at $345,000 after acquiring an additional 3,637 shares in the last quarter. Institutional investors own 23.88% 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.