Based on ratings from 0 stock analysts, the Rhinebeck Bancorp Inc stock price is expected to decrease by 100% in 12 months. This is calculated by using the average 12-month stock price forecast for Rhinebeck Bancorp Inc. The lowest target is $ and the highest is $. Please note analyst price targets are not guaranteed and could be missed completely.
RBKB is a stock in Financial Services which has been forecasted to be worth $ as an average. On the higher end, the forecast price is $ USD by from and on the lower end RBKB is forecasted to be $ by from .
These are the latest 20 analyst ratings of RBKB.
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When did it IPO
2019
Staff Count
164
Country
United States
Sector/Industry
Financial Services/Banks - Regional
CEO
Mr. Michael J. Quinn
Market Cap
$109.5M
In 2023, RBKB generated $43.7M in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that RBKB's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) reported a net loss of $8.1 million for Q3 2024, with a loss per share of $0.75, contrasting with a net income of $1.2 million and earnings per share of $0.11 in Q3 2023.
Why It Matters - Rhinebeck Bancorp's significant net loss and drop in earnings per share indicate financial distress, potentially affecting stock performance and investor confidence.
Summary - Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) sold $71 million of available-for-sale investment securities in September 2024 to reposition its balance sheet strategically.
Why It Matters - The sale of $71 million in securities signals a strategic shift for Rhinebeck Bancorp, potentially impacting liquidity, risk profile, and future earnings, which are crucial for investor assessments.
Summary - Rhinebeck Bancorp, Inc. (RBKB) reported Q2 2024 net income of $975,000 ($0.09/share), down 31.9% YoY. For H1 2024, net income was $2.1 million ($0.19/share), a 6.0% decline YoY.
Why It Matters - Declining net income for Rhinebeck Bancorp suggests weakening financial performance, potentially impacting stock valuation and investor confidence.
Summary - Rhinebeck Bancorp appointed Kevin Nihill as CFO, replacing Michael McDermott, who retired after 23 years. The company trades on NASDAQ under the ticker RBKB.
Why It Matters - Leadership changes can impact a company's strategy and performance. Investors may assess how Nihill's experience will influence Rhinebeck Bancorp's financial health and growth prospects.
Summary - Rhinebeck Bancorp (NASDAQ:RBKB) reported Q1 2024 net income of $1.1M ($0.10/share), up 40.5% from $798K a year prior, driven by higher non-interest income and lower credit loss provisions.
Why It Matters - Rhinebeck Bancorp's 40.5% rise in net income signals improved profitability, driven by higher non-interest income and lower credit loss provisions, which may enhance investor confidence and stock valuation.
Summary - Rhinebeck Bancorp, Inc. reported Q4 2023 net income of $930,000, up 15.1% year-over-year. However, annual net income fell 37.2% to $4.4 million.
Why It Matters - Rhinebeck Bancorp's quarterly net income growth indicates improved short-term performance, while the annual decline raises concerns about long-term profitability and sustainability.