Bay Banks of Virginia Inc (OTCMKTS:BAYK) CEO Randal R. Greene bought 5,557 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The shares were bought at an average price of $8.96 per share, with a total value of $49,790.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of BAYK stock remained flat at $$8.95 during mid-day trading on Tuesday. 900 shares of the stock were exchanged, compared to its average volume of 4,241. Bay Banks of Virginia Inc has a 52 week low of $8.90 and a 52 week high of $10.85. The firm has a market cap of $118.58 million, a PE ratio of 55.94 and a beta of 0.34. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66.
Bay Banks of Virginia (OTCMKTS:BAYK) last announced its quarterly earnings data on Tuesday, October 30th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Bay Banks of Virginia had a net margin of 2.21% and a return on equity of 2.43%. The company had revenue of $9.27 million during the quarter, compared to analysts’ expectations of $9.84 million. On average, research analysts forecast that Bay Banks of Virginia Inc will post 0.39 EPS for the current year.
Separately, Zacks Investment Research cut shares of Bay Banks of Virginia from a “hold” rating to a “sell” rating in a research note on Friday, August 10th.
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Bay Banks of Virginia Company Profile
Bay Banks of Virginia, Inc, through its subsidiaries, provides various banking products and services to businesses, professionals, and consumers in Virginia. The company accepts checking accounts, savings accounts, money market accounts, cash management accounts, certificates of deposit, and individual retirement accounts.
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