Q3 2018 Earnings Forecast for Bay Banks of Virginia Inc Issued By FIG Partners (BAYK)

Bay Banks of Virginia Inc (OTCMKTS:BAYK) – Equities research analysts at FIG Partners decreased their Q3 2018 earnings per share (EPS) estimates for Bay Banks of Virginia in a note issued to investors on Wednesday, August 8th. FIG Partners analyst C. Marinac now forecasts that the financial services provider will post earnings per share of $0.06 for the quarter, down from their previous forecast of $0.15. FIG Partners also issued estimates for Bay Banks of Virginia’s FY2018 earnings at $0.39 EPS and FY2019 earnings at $0.48 EPS.

Separately, Zacks Investment Research raised Bay Banks of Virginia from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Tuesday, July 10th.

Shares of BAYK opened at $9.50 on Monday. The stock has a market capitalization of $125.76 million, a P/E ratio of 59.38 and a beta of 0.28. Bay Banks of Virginia has a 1-year low of $9.25 and a 1-year high of $10.85. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.06 and a current ratio of 1.06.

In other Bay Banks of Virginia news, insider Ramsey K. Hamadi bought 5,500 shares of the stock in a transaction on Tuesday, May 29th. The shares were bought at an average price of $10.02 per share, with a total value of $55,110.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ramsey K. Hamadi bought 8,159 shares of the stock in a transaction on Monday, June 4th. The shares were acquired at an average cost of $10.05 per share, for a total transaction of $81,997.95. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 22,896 shares of company stock worth $228,192. Company insiders own 7.25% of the company’s stock.

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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Earnings History and Estimates for Bay Banks of Virginia (OTCMKTS:BAYK)

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