Bay Banks of Virginia Inc (BAYK) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Bay Banks of Virginia Inc (NASDAQ:BAYK) from a hold rating to a buy rating in a research report released on Monday. Zacks Investment Research currently has $11.00 price target on the stock.

According to Zacks, “Bay Banks of Virginia, Inc. is a bank holding company headquartered in Kilmarnock, Virginia. The Company conducts substantially all of its operations through its subsidiaries, Bank of Lancaster (the Bank) and Bay Trust Company (the Trust Company). Bank of Lancaster provides individual and commercial customers with a full range of services, including commercial and consumer deposit accounts and loans, credit cards, automated teller machines and other traditional banking services. In addition, the Bank offers investment services, including financial planning, securities brokerage, and insurance products through Investment Advantage. Bay Trust provides management services for personal and corporate trusts, including estate planning, estate settlement and trust administration. Bay Trust also offers financial planning, investment services, management of IRAs and other investment accounts. “

Bay Banks of Virginia (NASDAQ BAYK) remained flat at $9.50 during mid-day trading on Monday. The company had a trading volume of 1,000 shares. Bay Banks of Virginia has a 52 week low of $6.05 and a 52 week high of $9.70. The firm has a market capitalization of $89.30 million and a P/E ratio of 31.46. The stock has a 50 day moving average of $9.46 and a 200 day moving average of $9.18.

Bay Banks of Virginia (NASDAQ:BAYK) last released its earnings results on Wednesday, July 26th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.06). The business had revenue of $8.59 million for the quarter, compared to analysts’ expectations of $8.40 million. Bay Banks of Virginia had a net margin of 6.49% and a return on equity of 3.54%. On average, equities research analysts predict that Bay Banks of Virginia will post $0.55 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Bay Banks of Virginia Inc (BAYK) Upgraded at Zacks Investment Research” was originally reported by BBNS and is the sole property of of BBNS. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://baseballnewssource.com/markets/bay-banks-of-virginia-inc-bayk-upgraded-at-zacks-investment-research/1635179.html.

In other Bay Banks of Virginia news, VP Douglas F. Jenkins bought 5,405 shares of Bay Banks of Virginia stock in a transaction dated Thursday, August 31st. The stock was bought at an average cost of $9.25 per share, for a total transaction of $49,996.25. Following the purchase, the vice president now owns 27,694 shares in the company, valued at approximately $256,169.50. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Randal R. Greene bought 5,969 shares of Bay Banks of Virginia stock in a transaction dated Thursday, August 31st. The shares were acquired at an average price of $9.25 per share, with a total value of $55,213.25. Following the completion of the purchase, the chief executive officer now owns 47,482 shares in the company, valued at approximately $439,208.50. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 12,915 shares of company stock valued at $119,464.

Bay Banks of Virginia Company Profile

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.

Get a free copy of the Zacks research report on Bay Banks of Virginia (BAYK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Bay Banks of Virginia Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bay Banks of Virginia Inc and related companies with our FREE daily email newsletter.

 


Latest News

Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster


Leave a Reply

 
© 2006-2017 BBNS.