Bay Banks of Virginia Inc (OTCMKTS:BAYK) Director Vance H. Spilman Buys 1,954 Shares

Bay Banks of Virginia Inc (OTCMKTS:BAYK) Director Vance H. Spilman bought 1,954 shares of the company’s stock in a transaction on Monday, December 9th. The shares were acquired at an average price of $8.50 per share, with a total value of $16,609.00.

OTCMKTS BAYK remained flat at $$8.40 on Tuesday. The company had a trading volume of 31,330 shares, compared to its average volume of 18,784. Bay Banks of Virginia Inc has a fifty-two week low of $7.01 and a fifty-two week high of $8.80. The company has a 50 day moving average of $8.34 and a 200 day moving average of $8.16. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $112.06 million, a PE ratio of 22.11 and a beta of 0.46.

Separately, Zacks Investment Research raised Bay Banks of Virginia from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research note on Monday, November 18th.

About Bay Banks of Virginia

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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