Monitor subscription period results and regulatory approval timeline. The substantial dilution and execution risk make the stock vulnerable in the near term. Look for updates on the S-1 registration and proxy statement for conversion vote details.
Price Chart
Executive Summary
Rhinebeck Bancorp commenced a stock offering of up to 8,912,500 shares at $10.00 per share in connection with its second-step conversion from mutual to stock holding company structure. The offering represents significant dilution (up to ~51%) and is subject to regulatory and shareholder approvals, creating near-term uncertainty.
Key Facts
- Offering up to 8,912,500 shares of common stock at $10.00 per share.
- Minimum subscription of 6,587,500 shares required to complete the conversion.
- Subscription offering to eligible depositors and tax-qualified plans, with possible community offering.
- Completion subject to regulatory approvals, stockholder and depositor votes.
- Keefe Bruyette & Woods acting as marketing agent.
Financial Impact
Maximum gross proceeds of $89.125 million (up to 8,912,500 shares × $10). Minimum gross proceeds of $65.875 million. Dilution of approximately 38-51% based on current market cap of $173M.
Risk Factors
- Failure to reach minimum subscription (6,587,500 shares) could scuttle the conversion.
- Regulatory or shareholder disapproval may delay or cancel the offering.
- Dilution may pressure the stock price until conversion is completed and benefits are realized.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001751783-26-000022 |
| Document: 0001751783-26-000022-index.html | 0001751783-26-000022 |
| Document: 0001751783-26-000022.txt | 0001751783-26-000022 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | 8-K | $12.97 | awaiting T+60 | — | $12.85 (−0.93%) |
Aug 6, 2026 11w ago | Insider Buy | $12.52 | awaiting T+60 | — | $12.85 (+2.64%) |
Jul 23, 2026 13w ago | Insider Cluster | $12.43 $12.69 | ▲ +2.09% | ▼ −1.64% | $12.85 (+3.38%) |
Jul 17, 2026 14w ago | 8-K | $17.02 $17.98 | ▲ +5.64% | ▲ +0.95% | $12.85 (−24.50%) |
Jun 29, 2026 17w ago | 8-K | $17.31 $17.95 | ▲ +3.71% | ▲ +0.97% | $12.85 (−25.77%) |
May 26, 2026 21w ago | 8-K | $11.02 $12.65 | ▼ −14.75% | ▼ −12.03% | $12.85 (−16.57%) |
May 15, 2026 23w ago | EFFECT | $11.47 $12.48 | ▲ +8.76% | ▲ +4.25% | $12.85 (+11.99%) |
May 14, 2026 23w ago | 8-K | $11.47 $12.48 | ▲ +8.76% | ▲ +4.25% | $12.85 (+11.99%) |
May 11, 2026 24w ago | S-1/A | $11.50 $12.16 | ▲ +5.78% | ▲ +1.38% | $12.85 (+11.78%) |
Apr 24, 2026 26w ago | S-1/A | $16.05 $12.04 | ▼ −24.98% | ▼ −29.76% | $12.85 (−19.94%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers