Bay Banks of Virginia Inc. (OTCMKTS:BAYK) announced a quarterly dividend on Friday, December 8th, Zacks reports. Stockholders of record on Friday, December 22nd will be given a dividend of 0.04 per share by the financial services provider on Friday, December 29th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, December 21st.

Bay Banks of Virginia (OTCMKTS BAYK) traded down $0.10 during trading hours on Friday, hitting $10.25. The stock had a trading volume of 1,000 shares, compared to its average volume of 8,058. Bay Banks of Virginia has a 52-week low of $7.60 and a 52-week high of $10.40. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $135.24, a PE ratio of 34.50 and a beta of 0.12.

Separately, Zacks Investment Research cut Bay Banks of Virginia from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th.

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Bay Banks of Virginia Company Profile

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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