Bay Bancorp (BYBK) Rating Lowered to Hold at ValuEngine

Bay Bancorp (NASDAQ:BYBK) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Bay Bancorp (NASDAQ:BYBK) remained flat at $$12.00 during midday trading on Friday. 3,003 shares of the company were exchanged, compared to its average volume of 13,322. Bay Bancorp has a 52-week low of $5.90 and a 52-week high of $12.05. The stock has a market capitalization of $128.62, a PE ratio of 23.08 and a beta of 0.25.

Bay Bancorp (NASDAQ:BYBK) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.20 earnings per share for the quarter. Bay Bancorp had a return on equity of 8.23% and a net margin of 14.58%. The firm had revenue of $9.27 million during the quarter.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BYBK. Alpine Woods Capital Investors LLC increased its stake in Bay Bancorp by 4.2% in the 2nd quarter. Alpine Woods Capital Investors LLC now owns 25,000 shares of the financial services provider’s stock valued at $190,000 after purchasing an additional 1,000 shares in the last quarter. Wells Fargo & Company MN increased its stake in Bay Bancorp by 31.7% in the 2nd quarter. Wells Fargo & Company MN now owns 34,544 shares of the financial services provider’s stock valued at $263,000 after purchasing an additional 8,305 shares in the last quarter. Context BH Capital Management LP increased its stake in Bay Bancorp by 12.7% in the 2nd quarter. Context BH Capital Management LP now owns 58,091 shares of the financial services provider’s stock valued at $441,000 after purchasing an additional 6,545 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in Bay Bancorp in the 3rd quarter valued at approximately $323,000. 30.99% of the stock is owned by hedge funds and other institutional investors.

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Bay Bancorp Company Profile

Bay Bancorp, Inc, formerly Carrollton Bancorp, is a savings and loan holding company. The Company operates through its subsidiary, Bay Bank, FSB (the Bank). It operates in the Community Banking segment. The Bank serves local consumers, small and medium size businesses, professionals and other customers by offering a range of financial products and services, including online and mobile banking, commercial banking, cash management, mortgage lending and retail banking.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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