Bay Banks of Virginia Inc. (OTCMKTS:BAYK) declared a quarterly dividend on Wednesday, September 27th, Zacks reports. Stockholders of record on Wednesday, October 11th will be paid a dividend of 0.04 per share by the financial services provider on Tuesday, October 24th. This represents a $0.16 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Tuesday, October 10th.

Bay Banks of Virginia (OTCMKTS:BAYK) opened at 9.65 on Thursday. Bay Banks of Virginia has a one year low of $6.06 and a one year high of $9.70. The stock has a market cap of $90.71 million, a price-to-earnings ratio of 31.95 and a beta of 0.25. The stock’s 50 day moving average price is $9.45 and its 200 day moving average price is $9.22.

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Separately, ValuEngine downgraded Bay Banks of Virginia from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th.

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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