Bay Banks of Virginia Inc (NASDAQ:BAYK) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Analysts have set a 1-year consensus price target of $11.50 for the company and are anticipating that the company will post $0.12 EPS for the current quarter, according to Zacks. Zacks has also given Bay Banks of Virginia an industry rank of 97 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded shares of Bay Banks of Virginia from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Friday, July 14th.

In related news, CEO Randal R. Greene purchased 5,969 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were bought 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 directly owns 47,482 shares in the company, valued at approximately $439,208.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Douglas F. Jenkins purchased 5,405 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were 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 of the company’s stock, valued at $256,169.50. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 12,915 shares of company stock worth $119,464.

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Bay Banks of Virginia (BAYK) remained flat at $9.50 during mid-day trading on Friday. 1,000 shares of the company traded hands. The firm’s 50 day moving average is $9.46 and its 200 day moving average is $9.18. Bay Banks of Virginia has a 12 month low of $6.05 and a 12 month high of $9.70. The stock has a market capitalization of $89.30 million and a P/E ratio of 31.46.

Bay Banks of Virginia (NASDAQ:BAYK) last announced its earnings results on Wednesday, July 26th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.06). Bay Banks of Virginia had a return on equity of 3.54% and a net margin of 6.49%. The firm had revenue of $8.59 million for the quarter, compared to analyst estimates of $8.40 million. Analysts predict that Bay Banks of Virginia will post $0.55 EPS for the current fiscal year.

About Bay Banks of Virginia

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.

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