Empowered Funds LLC Purchases 2,546 Shares of Rhinebeck Bancorp, Inc. (NASDAQ:RBKB)

Empowered Funds LLC boosted its holdings in shares of Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) by 5.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,314 shares of the company’s stock after purchasing an additional 2,546 shares during the period. Empowered Funds LLC owned 0.45% of Rhinebeck Bancorp worth $465,000 as of its most recent SEC filing.

Separately, Vanguard Group Inc. lifted its stake in Rhinebeck Bancorp by 135.3% in the 1st quarter. Vanguard Group Inc. now owns 242,118 shares of the company’s stock valued at $2,046,000 after acquiring an additional 139,200 shares in the last quarter. Hedge funds and other institutional investors own 23.88% of the company’s stock.

Rhinebeck Bancorp Price Performance

NASDAQ:RBKB opened at $9.75 on Monday. Rhinebeck Bancorp, Inc. has a one year low of $6.10 and a one year high of $9.99. The firm’s fifty day moving average price is $9.20 and its two-hundred day moving average price is $8.44. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $108.13 million, a P/E ratio of -20.74 and a beta of 0.74.

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.