Vance H. Spilman Acquires 10,000 Shares of Bay Banks of Virginia Inc (BAYK) Stock

Bay Banks of Virginia Inc (OTCMKTS:BAYK) Director Vance H. Spilman acquired 10,000 shares of the stock in a transaction on Monday, December 3rd. The shares were purchased at an average cost of $8.66 per share, with a total value of $86,600.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of Bay Banks of Virginia stock opened at $8.70 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.75. The firm has a market cap of $114.81 million, a price-to-earnings ratio of 54.38 and a beta of 0.34. Bay Banks of Virginia Inc has a 12 month low of $8.61 and a 12 month high of $10.85.

Bay Banks of Virginia (OTCMKTS:BAYK) last announced its quarterly earnings data on Tuesday, October 30th. The financial services provider reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02. The business had revenue of $9.27 million during the quarter, compared to analyst estimates of $9.84 million. Bay Banks of Virginia had a return on equity of 2.42% and a net margin of 2.21%. Sell-side analysts anticipate that Bay Banks of Virginia Inc will post 0.39 EPS for the current year.

Separately, Zacks Investment Research lowered Bay Banks of Virginia from a “hold” rating to a “sell” rating in a research report on Friday, August 10th.

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About Bay Banks of Virginia

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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