Q4 2018 EPS Estimates for Bay Banks of Virginia Inc (BAYK) Cut by FIG Partners
Bay Banks of Virginia Inc (OTCMKTS:BAYK) – FIG Partners lowered their Q4 2018 earnings estimates for Bay Banks of Virginia in a report issued on Wednesday, August 8th. FIG Partners analyst C. Marinac now forecasts that the financial services provider will earn $0.08 per share for the quarter, down from their previous estimate of $0.16. FIG Partners also issued estimates for Bay Banks of Virginia’s Q1 2019 earnings at $0.09 EPS, Q2 2019 earnings at $0.11 EPS, Q3 2019 earnings at $0.14 EPS and Q4 2019 earnings at $0.15 EPS.
Separately, Zacks Investment Research raised Bay Banks of Virginia from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Tuesday, July 10th.
Bay Banks of Virginia (OTCMKTS:BAYK) last released its quarterly earnings data on Wednesday, May 9th. The financial services provider reported $0.12 earnings per share for the quarter. Bay Banks of Virginia had a return on equity of 2.37% and a net margin of 1.65%. The company had revenue of $9.84 million for the quarter, compared to the consensus estimate of $9.06 million.
In other Bay Banks of Virginia news, insider Ramsey K. Hamadi acquired 5,500 shares of the stock in a transaction dated Tuesday, May 29th. The stock was purchased at an average cost of $10.02 per share, with a total value of $55,110.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ramsey K. Hamadi acquired 2,650 shares of the stock in a transaction dated Wednesday, May 23rd. The stock was acquired at an average cost of $9.85 per share, with a total value of $26,102.50. The disclosure for this purchase can be found here. Insiders have acquired a total of 24,838 shares of company stock worth $247,417 over the last ninety days. Company insiders own 7.25% of the company’s stock.
Bay Banks of Virginia Company Profile
Bay Banks of Virginia, Inc, through its subsidiaries, 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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