Bay Bancorp (BYBK) Cut to “Hold” at ValuEngine

ValuEngine lowered shares of Bay Bancorp (NASDAQ:BYBK) from a buy rating to a hold rating in a report released on Friday morning.

Shares of Bay Bancorp (NASDAQ:BYBK) remained flat at $$12.00 on Friday. 3,000 shares of the company were exchanged, compared to its average volume of 31,739. The company has a market cap of $128.62, a P/E ratio of 23.08 and a beta of 0.25. Bay Bancorp has a 1-year low of $5.90 and a 1-year high of $12.05.

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

A number of institutional investors and hedge funds have recently modified their holdings of BYBK. Alpine Woods Capital Investors LLC raised its stake in Bay Bancorp by 4.2% during 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 during the period. Wells Fargo & Company MN raised its stake in Bay Bancorp by 31.7% during 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 during the period. Citadel Advisors LLC bought a new stake in Bay Bancorp during the 3rd quarter valued at approximately $323,000. Finally, Context BH Capital Management LP raised its stake in Bay Bancorp by 12.7% during 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 during the period. 30.99% of the stock is currently owned by institutional investors.

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About Bay Bancorp

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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