Rhinebeck Bancorp
RBKB

$8.07

0.28%

Market Cap: $89.5M

About: Rhinebeck Bancorp Inc is the holding company for Rhinebeck Bank which provides a full range of banking and financial services to consumer and commercial customers. Financial services, including investment advisory and financial product sales, are offered through a division of the Bank doing business as Rhinebeck Asset Management (RAM). The Bank's primary business activity is accepting deposits from the general public and using those funds to originate indirect automobile loans (automobile loans referred by automobile dealerships), commercial real estate loans (which include multi-family real estate loans and commercial construction loans), commercial business loans and one- to four-family residential real estate loans, and to purchase investment securities.

Employees: 173

Financials Savings Institutions, Not Federally Chartered

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

25% more repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 4

0.66% less ownership

Funds ownership: 15.71% [Q1] → 15.05% (-0.66%) [Q2]

6% less funds holding

Funds holding: 17 [Q1] → 16 (-1) [Q2]

11% less capital invested

Capital invested by funds: $14.7M [Q1] → $13.1M (-$1.6M) [Q2]

33% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 3

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Research analyst outlook

We haven’t received any recent analyst ratings for RBKB.

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Financial journalist opinion

Rhinebeck Bancorp, Inc. Reports Results for the Quarter Ended June 30, 2024

POUGHKEEPSIE, NY / ACCESSWIRE / July 25, 2024 / Rhinebeck Bancorp, Inc. (the "Company") (NASDAQ:RBKB), the holding company of Rhinebeck Bank (the "Bank"), reported net income for the three months ended June 30, 2024 of $975,000 ($0.09 per basic and diluted share), which was $456,000, or 31.9% less than the comparable prior year period of $1.4 million ($0.13 per basic and diluted share). Net income for the six months ended June 30, 2024 of $2.1 million ($0.19 per basic and diluted share) was $133,000, or 6.0%, less than the same period last year.

Rhinebeck Bancorp, Inc. Reports Results for the Quarter Ended June 30, 2024

Rhinebeck Bancorp Announces Appointment of Kevin Nihill as Chief Financial Officer

POUGHKEEPSIE, NY / ACCESSWIRE / June 25, 2024 / Rhinebeck Bancorp, Inc. (NASDAQ:RBKB), the holding company of Rhinebeck Bank, announced the appointment of Kevin Nihill as Chief Financial Officer of Rhinebeck Bancorp and Rhinebeck Bank. Nihill replaced former Chief Financial Officer, Michael McDermott, who retired from the Bank after 23 years of service.

Rhinebeck Bancorp Announces Appointment of Kevin Nihill as Chief Financial Officer

Rhinebeck Bancorp, Inc. Reports Results for the Quarter Ended March 31, 2024

POUGHKEEPSIE, NY / ACCESSWIRE / April 25, 2024 / Rhinebeck Bancorp, Inc. (the "Company") (NASDAQ:RBKB), the holding company of Rhinebeck Bank (the "Bank"), reported net income for the three months ended March 31, 2024 of $1.1 million ($0.10 per basic and diluted share), which was $323,000, or 40.5%, higher than the comparable prior year period of $798,000 ($0.07 per basic and diluted share). The increase in net income for the quarter ended March 31, 2024 was primarily due to an increase in non-interest income and decreases in the provision for credit losses and non-interest expenses, partially offset by a decrease in net interest income, as compared to the quarter ended March 31, 2023.

Rhinebeck Bancorp, Inc. Reports Results for the Quarter Ended March 31, 2024

Rhinebeck Bancorp, Inc. Reports Results for the Quarter and Year Ended December 31, 2023

POUGHKEEPSIE, NY / ACCESSWIRE / January 25, 2024 / Rhinebeck Bancorp, Inc. (the "Company") (NASDAQ:RBKB), the holding company of Rhinebeck Bank (the "Bank"), reported net income for the three months ended December 31, 2023 of $930,000 ($0.09 per basic and diluted share), which was $122,000, or 15.1%, higher than the comparable prior year period. Net income for the year ended December 31, 2023 of $4.4 million ($0.41 per basic and $0.40 per diluted share) was $2.6 million, or 37.2%, less than the prior year.

Rhinebeck Bancorp, Inc. Reports Results for the Quarter and Year Ended December 31, 2023

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