Zacks Investment Research Lowers Bay Banks Of Virginia (BAYK) to Sell

Zacks Investment Research lowered shares of Bay Banks Of Virginia (OTCMKTS:BAYK) from a hold rating to a sell rating in a research note published on Tuesday morning.

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. “

Shares of Bay Banks Of Virginia opened at $9.99 on Tuesday, according to Marketbeat Ratings. The firm has a market capitalization of $128.26 million, a PE ratio of 62.44 and a beta of 0.26. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.07 and a current ratio of 1.06. Bay Banks Of Virginia has a 12-month low of $8.80 and a 12-month high of $10.85.

Bay Banks Of Virginia (OTCMKTS:BAYK) last announced its quarterly earnings data on Monday, March 26th. The financial services provider reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $9.18 million during the quarter, compared to analyst estimates of $9.15 million. Bay Banks Of Virginia had a net margin of 0.82% and a return on equity of 2.18%. analysts anticipate that Bay Banks Of Virginia will post 0.56 earnings per share for the current year.

About Bay Banks Of Virginia

Bay Banks of Virginia, Inc operates as the bank holding company for Bank of Lancaster that 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.

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bay Banks Of Virginia and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply