Bay Banks of Virginia Inc (BAYK) Scheduled to Post Quarterly Earnings on Wednesday
Bay Banks of Virginia Inc (NASDAQ:BAYK) will be announcing its Q3 2017 earnings results on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.14 per share for the quarter.
Bay Banks of Virginia (NASDAQ:BAYK) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.06). The company had revenue of $8.59 million during the quarter, compared to analysts’ expectations of $8.40 million. Bay Banks of Virginia had a return on equity of 3.54% and a net margin of 6.49%. On average, analysts expect Bay Banks of Virginia to post $0.55 EPS for the current fiscal year and $0.81 EPS for the next fiscal year.
Bay Banks of Virginia Inc (NASDAQ BAYK) opened at 10.15 on Wednesday. The firm has a 50-day moving average price of $9.67 and a 200-day moving average price of $9.37. Bay Banks of Virginia Inc has a 12-month low of $6.45 and a 12-month high of $10.15. The stock has a market cap of $95.41 million and a PE ratio of 33.61.
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In related news, CEO Randal R. Greene acquired 5,969 shares of the 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 acquisition, the chief executive officer now owns 47,482 shares in the company, valued at approximately $439,208.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Douglas F. Jenkins acquired 5,405 shares of the stock in a transaction dated 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 acquisition, the vice president now owns 27,694 shares in the company, valued at approximately $256,169.50. The disclosure for this purchase can be found here. In the last three months, insiders have bought 12,915 shares of company stock worth $119,464.
Separately, Zacks Investment Research raised Bay Banks of Virginia from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Tuesday, September 5th.
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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