Street Calls of the Week
James T. McCardle III, Chief Credit Officer of Rhinebeck Bancorp, Inc. (NASDAQ:RBKB), sold 4,935 shares of common stock in two transactions, according to a recent Form 4 filing. The sales, which totaled $64,571, occurred at prices ranging from $12.74 to $13.14 per share. The transactions took place as the stock trades near its InvestingPro Fair Value, following a remarkable 65% return over the past year.
On August 12, 2025, McCardle sold 685 shares at $12.74 per share. Followed by another sale on August 29, 2025, where he sold 4,250 shares at $13.14 per share. The stock, with a current market capitalization of $143 million, has shown strong momentum with a 30% gain over the past six months.
Following these transactions, McCardle directly owns 3,580 shares of Rhinebeck Bancorp. He also indirectly owns 9,867 shares by 401(k) and 3,192 shares by ESOP. Additionally, McCardle holds options for 28,000 shares of common stock, exercisable at $6.57, which are fully vested. For more detailed insider trading analysis and additional financial metrics, visit InvestingPro, where subscribers can access over 10 key insights about RBKB.
In other recent news, Frederick L. Battenfeld has retired from the boards of directors of Rhinebeck Bancorp, Inc., its subsidiary Rhinebeck Bank, and Rhinebeck Bancorp, MHC. His retirement became effective on May 21, 2025, as announced by the company. Battenfeld had a long-standing association with the bank, serving on its board since 1995. During his tenure, he chaired the Audit committee and was a member of the Loan Review committee. Battenfeld is a fourth-generation owner of F.W. Battenfeld & Son, a family-run farm in Red Hook, N.Y., and succeeded his father Richard on the board. His departure marks the end of a 30-year period of service and involvement with the bank’s operations. These developments are part of the recent changes within Rhinebeck Bancorp’s leadership structure.
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