OTCPK:BAYK

Stock Analysis Report

Bay Banks of Virginia

Executive Summary

Bay Banks of Virginia, Inc., through its subsidiaries, provides various banking products and services to businesses, professionals, and consumers in Virginia.

Snowflake

Fundamentals

Flawless balance sheet with acceptable track record.

Risks

  • Bay Banks of Virginia is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has Bay Banks of Virginia's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.1%

OTCPK:BAYK

-1.8%

US Banks

-1.6%

US Market


1 Year Return

-15.3%

OTCPK:BAYK

-16.1%

US Banks

-3.0%

US Market

BAYK matched the Banks industry (-16.1%) over the past year.

BAYK underperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

BAYKIndustryMarket
7 Day-1.1%-1.8%-1.6%
30 Day-1.1%-10.1%-5.7%
90 Day-0.9%-5.0%0.2%
1 Year-15.3%-15.3%-13.7%-16.1%-0.8%-3.0%
3 Year33.5%31.8%37.9%28.5%38.1%29.1%
5 Year40.7%38.9%49.3%33.2%50.8%34.1%

Price Volatility Vs. Market

How volatile is Bay Banks of Virginia's share price compared to the market and industry in the last 5 years?


Simply Wall St News

1 year ago | Simply Wall St

Top 3 Growth Stocks For The Month

1 year ago | Simply Wall St

Top High Growth Stocks This Week

Valuation

Is Bay Banks of Virginia undervalued based on future cash flows and its price relative to the stock market?

20.72x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Bay Banks of Virginia to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Bay Banks of Virginia to establish if it is available at substantial discount.


Price Based on Earnings

Bay Banks of Virginia is overvalued based on earnings compared to the US Banks industry average.

Bay Banks of Virginia is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Bay Banks of Virginia is good value based on expected growth next year.


Price Based on Value of Assets

Bay Banks of Virginia is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Bay Banks of Virginia expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

39.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Bay Banks of Virginia's revenue is expected to grow by 2.5% yearly, however this is not considered high growth (20% yearly).

Bay Banks of Virginia's earnings are expected to grow significantly at over 20% yearly.

Bay Banks of Virginia's revenue growth is positive but not above the United States of America market average.

Bay Banks of Virginia's earnings growth is expected to exceed the United States of America market average.

Bay Banks of Virginia's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Bay Banks of Virginia will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Bay Banks of Virginia performed over the past 5 years?

15.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Bay Banks of Virginia's year on year earnings growth rate has been positive over the past 5 years.

Bay Banks of Virginia's 1-year earnings growth exceeds its 5-year average (1101.7% vs 15.6%)

Bay Banks of Virginia's earnings growth has exceeded the US Banks industry average in the past year (1101.7% vs 33.1%).


Return on Equity

Bay Banks of Virginia has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Bay Banks of Virginia used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Bay Banks of Virginia improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Bay Banks of Virginia's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Bay Banks of Virginia has an acceptable proportion of non-loan assets held.

Bay Banks of Virginia has a sufficient allowance for bad loans.

Bay Banks of Virginia's liabilities are made up of primarily low risk sources of funding.

Bay Banks of Virginia's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Bay Banks of Virginia are broadly funded by customer deposits.

Bay Banks of Virginia has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Bay Banks of Virginia's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Bay Banks of Virginia's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Bay Banks of Virginia's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Bay Banks of Virginia has not reported any payouts.

Unable to verify if Bay Banks of Virginia's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Bay Banks of Virginia has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Bay Banks of Virginia's salary, the management and board of directors tenure and is there insider trading?

4.4yrs

Average management tenure


CEO

Randy Greene (59yo)

7.8yrs

Tenure

US$1,690,733

Compensation

Mr. Randal R. Greene, also knows as Randy, serves as the President, Chief Executive Officer and Vice Chairman of Bay Banks of Virginia, Inc. (the “Company”). He serves as Vice Chairman and Chief Executive  ...


CEO Compensation Analysis

Randy's remuneration is higher than average for companies of similar size in United States of America.

Randy's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.4yrs

Average Tenure

59yo

Average Age

The tenure for the Bay Banks of Virginia management team is about average.


Board Age and Tenure

2.3yrs

Average Tenure

60yo

Average Age

The average tenure for the Bay Banks of Virginia board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$15,90014 Dec 18
Eric Nost
EntityIndividual
Role
Unit CEO
President & CEO of VCB Financial Group
Shares2,000
Max PriceUS$7.95
BuyUS$4,09514 Dec 18
Vance Spilman
EntityIndividual
Role
Member of the Board of Directors
Director
Shares500
Max PriceUS$8.19
BuyUS$4,10013 Dec 18
Vance Spilman
EntityIndividual
Role
Member of the Board of Directors
Director
Shares500
Max PriceUS$8.20
BuyUS$25,98004 Dec 18
Judy Gavant
EntityIndividual
Role
Chief Financial Officer
Executive VP
Shares3,000
Max PriceUS$8.66
BuyUS$86,60004 Dec 18
Vance Spilman
EntityIndividual
Role
Member of the Board of Directors
Director
Shares10,000
Max PriceUS$8.66
BuyUS$8,95019 Nov 18
Judy Gavant
EntityIndividual
Role
Chief Financial Officer
Executive VP
Shares1,000
Max PriceUS$8.95
BuyUS$49,76806 Nov 18
Randal Greene
EntityIndividual
Role
Chief Executive Officer
President
Shares5,557
Max PriceUS$8.96
BuyUS$8,95002 Nov 18
Judy Gavant
EntityIndividual
Role
Chief Financial Officer
Executive VP
Shares1,000
Max PriceUS$8.95
BuyUS$17,91113 Sep 18
Judy Gavant
EntityIndividual
Role
Chief Financial Officer
Executive VP
Shares1,862
Max PriceUS$9.65

Ownership Breakdown


Management Team

  • Randy Greene (59yo)

    President

    • Tenure: 7.8yrs
    • Compensation: US$1.69m
  • Peggy George

    VP & Human Resource Officer

    • Tenure: 0.0yrs
  • Dusty Boyd (62yo)

    Executive Vice President

    • Tenure: 2.3yrs
  • Pam Varnier

    VP & Corporate Secretary

    • Tenure: 11.3yrs
  • Judy Gavant (59yo)

    Executive VP

    • Tenure: 1.4yrs
  • Doug Jenkins (59yo)

    Executive Vice President

    • Tenure: 6.3yrs
    • Compensation: US$323.81k
  • Eric Nost (62yo)

    President & CEO of VCB Financial Group

    • Tenure: 2.4yrs

Board Members

  • Randy Reynolds (54yo)

    Director

    • Tenure: 0.3yrs
  • Rick Farmar (61yo)

    Director

    • Tenure: 15.3yrs
    • Compensation: US$65.37k
  • Randy Greene (59yo)

    President

    • Tenure: 7.8yrs
    • Compensation: US$1.69m
  • Julien Patterson (68yo)

    Director

    • Tenure: 10.3yrs
    • Compensation: US$41.37k
  • C. Clarke (56yo)

    Director

    • Tenure: 6.3yrs
    • Compensation: US$56.87k
  • John Hodges (47yo)

    Director

    • Tenure: 0.3yrs
  • Vance Spilman (57yo)

    Director

    • Tenure: 0.9yrs
    • Compensation: US$33.92k
  • Elizabeth Crowther (62yo)

    Director

    • Tenure: 6.9yrs
    • Compensation: US$50.87k
  • Frank Scott (67yo)

    Chairman of the Board

    • Tenure: 2.3yrs
    • Compensation: US$1.11m
  • James VanLandingham (69yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: US$56.17k

Company Information

Bay Banks of Virginia, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bay Banks of Virginia, Inc.
  • Ticker: BAYK
  • Exchange: OTCPK
  • Founded: 1930
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$106.327m
  • Shares outstanding: 13.33m
  • Website: https://www.baybanks.com

Number of Employees


Location

  • Bay Banks of Virginia, Inc.
  • 1801 Bayberry Court
  • Suite 101
  • Richmond
  • Virginia
  • 23226
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BAYKOTCPK (Pink Sheets LLC)YesCommon StockUSUSDNov 1999

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 23:32
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.