Bay Banks of Virginia Inc (OTCMKTS:BAYK) – Equities research analysts at FIG Partners lifted their FY2018 earnings per share estimates for Bay Banks of Virginia in a research note issued to investors on Wednesday, according to Zacks Investment Research. FIG Partners analyst C. Marinac now forecasts that the financial services provider will post earnings of $0.60 per share for the year, up from their previous estimate of $0.57.
Bay Banks of Virginia (OTCMKTS:BAYK) last posted its quarterly earnings data on Monday, October 23rd. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.03). Bay Banks of Virginia had a net margin of 5.25% and a return on equity of 3.17%.
Separately, Zacks Investment Research upgraded Bay Banks of Virginia from a “sell” rating to a “hold” rating in a report on Monday, December 18th.
Shares of Bay Banks of Virginia (OTCMKTS BAYK) opened at $10.50 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.70. Bay Banks of Virginia has a one year low of $7.77 and a one year high of $10.85. The stock has a market capitalization of $138.53, a P/E ratio of 35.00 and a beta of 0.18.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 22nd were issued a $0.04 dividend. The ex-dividend date of this dividend was Thursday, December 21st. This represents a $0.16 annualized dividend and a dividend yield of 1.52%. Bay Banks of Virginia’s payout ratio is 76.19%.
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About Bay Banks of Virginia
Bay Banks of Virginia, Inc is a bank holding company that conducts its operations through its subsidiaries, Virginia Commonwealth Bank and Bay Trust Company. The Bank is a state-chartered bank and a member of the Federal Reserve System. It serves businesses, professionals and consumers with a range of financial services, including retail and commercial banking, investment services and mortgage banking.
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