Rhinebeck Bancorp is a bank holding company. Through its subsidiary, Rhinebeck Bank (the Bank), Co. provides banking and financial services to consumer and commercial customers through its branches and representative offices located in Dutchess, Ulster, Orange, and Albany counties. Financial services including, investment advisory and financial product sales, are provided through a division of the Bank. The Bank's main business activity is accepting deposits from the general public and using those funds to originate indirect automobile loans, commercial real estate loans, commercial business loans and one- to four-family residential real estate loans, and to purchase investment securities. We show 16 historical shares outstanding datapoints in our RBKB shares outstanding history coverage, used to compute RBKB market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing RBKB market cap history over the course of time is important for investors
interested in comparing RBKB's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of RBKB versus a peer is one thing; comparing
RBKB market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like RBKB can fluctuate over the course of history.
With this page we aim to empower investors researching RBKB by allowing them to research the RBKB market cap history. |
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Video: The Importance of Market Cap
