Insider Selling: Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) Insider 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 that occurred on Tuesday, November 26th. The shares were sold at an average price of $9.80, for a total value of $14,014.00. Following the completion of the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at $15,052.80. This represents a 48.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Rhinebeck Bancorp Stock Down 0.3 %

NASDAQ RBKB opened at $9.81 on Friday. The company’s fifty day moving average is $9.32 and its two-hundred day moving average is $8.50. Rhinebeck Bancorp, Inc. has a 52-week low of $6.10 and a 52-week high of $10.24. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 0.94.

Hedge Funds Weigh In On Rhinebeck Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its position in shares of 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 acquiring an additional 2,546 shares during the period. Geode Capital Management LLC increased its position in shares of Rhinebeck Bancorp by 10.8% during the third quarter. Geode Capital Management LLC now owns 37,286 shares of the company’s stock valued at $345,000 after purchasing an additional 3,637 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Rhinebeck Bancorp by 135.3% in 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. 23.88% of the stock is currently owned by institutional investors.

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.