Bay Banks Of Virginia (BAYK) Insider Ramsey K. Hamadi Acquires 1,987 Shares of Stock

Bay Banks Of Virginia (OTCMKTS:BAYK) insider Ramsey K. Hamadi purchased 1,987 shares of the company’s stock in a transaction that occurred on Thursday, May 17th. The shares were purchased at an average price of $9.91 per share, for a total transaction of $19,691.17. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Bay Banks Of Virginia traded down $0.01, reaching $9.98, during mid-day trading on Friday, MarketBeat.com reports. 3,600 shares of the stock were exchanged, compared to its average volume of 4,891. The company has a market capitalization of $132.10 million, a PE ratio of 62.38 and a beta of 0.26. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.58. Bay Banks Of Virginia has a 1 year low of $8.80 and a 1 year high of $10.85.

Bay Banks Of Virginia (OTCMKTS:BAYK) last posted its quarterly earnings data on Monday, March 26th. The financial services provider reported ($0.07) earnings per share for the quarter. Bay Banks Of Virginia had a return on equity of 2.18% and a net margin of 0.82%. The company had revenue of $9.18 million for the quarter, compared to analyst estimates of $9.15 million. sell-side analysts anticipate that Bay Banks Of Virginia will post 0.56 EPS for the current fiscal year.

Separately, Zacks Investment Research downgraded Bay Banks Of Virginia from a “hold” rating to a “sell” rating in a research note on Tuesday.

About Bay Banks Of Virginia

Bay Banks of Virginia, Inc operates as the bank holding company for Bank of Lancaster that 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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