Rhinebeck Bancorp director Nancy Patzwahl buys $298,500 in stock By Investing.com

Nancy Koskey Patzwahl, a director at Rhinebeck Bancorp, Inc. (), recently purchased shares of the company’s common stock. On July 22, 2026, Ms. Patzwahl acquired 25,000 shares at a price of $11.94 per share, totaling $298,500.

Following this transaction, Ms. Patzwahl beneficially owns 27,270 shares of Rhinebeck Bancorp common stock. The purchase came after the stock dropped 27% over the past week, trading near its 52-week low of $9.41. According to InvestingPro analysis, RBKB appears undervalued at current levels, with the stock trading at a P/E ratio of 13.36 while the company remains profitable. Of these, a portion consists of restricted stock that vests at a rate of 33 1/3% per year, commencing on May 26, 2027.

In other recent news, Rhinebeck Bancorp, Inc. has made significant strides in its corporate structure transition. Stockholders and depositors approved the conversion of Rhinebeck Bancorp, MHC from a mutual holding company to a fully public stock holding company structure. This conversion is still pending final regulatory approvals and the sale of at least 6,587,500 shares of common stock. Concurrently, Rhinebeck Bancorp launched a stock offering of up to 8,912,500 shares at $10.00 per share, initially targeting eligible depositors and the bank’s tax-qualified employee benefit plans. Any remaining shares may be offered to the general public, prioritizing residents of certain New York counties.

Additionally, Rhinebeck Bancorp entered into an agreement with Keefe, Bruyette & Woods, Inc. (KBW) to assist in the marketing of its stock during the offering. KBW will serve as the financial advisor and marketing agent, receiving a management fee of $50,000 and a success fee based on the aggregate proceeds. These developments mark a critical phase in Rhinebeck Bancorp’s transition to a fully public entity.

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