FIG Partners Research Analysts Lift Earnings Estimates for Bay Banks of Virginia Inc (BAYK)
Bay Banks of Virginia Inc (OTCMKTS:BAYK) – Equities research analysts at FIG Partners increased their FY2018 earnings per share estimates for shares of Bay Banks of Virginia in a report released on Wednesday. FIG Partners analyst C. Marinac now anticipates that the financial services provider will earn $0.60 per share for the year, up from their prior estimate of $0.57.
Separately, Zacks Investment Research raised Bay Banks of Virginia from a “sell” rating to a “hold” rating in a research note on Monday, December 18th.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 22nd were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Thursday, December 21st. Bay Banks of Virginia’s dividend payout ratio is 76.19%.
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About Bay Banks of Virginia
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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