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 Analysis

Flawless balance sheet with solid track record.


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

Stable Share Price: BAYK's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.9%

BAYK

9.6%

US Banks

10.5%

US Market


1 Year Return

-29.2%

BAYK

-24.8%

US Banks

-11.5%

US Market

Return vs Industry: BAYK underperformed the US Banks industry which returned -24.8% over the past year.

Return vs Market: BAYK underperformed the US Market which returned -11.5% over the past year.


Shareholder returns

BAYKIndustryMarket
7 Day6.9%9.6%10.5%
30 Day-37.6%-27.0%-15.4%
90 Day-36.2%-38.5%-21.4%
1 Year-29.2%-29.2%-22.5%-24.8%-9.6%-11.5%
3 Year-41.4%-42.1%-16.8%-22.9%12.6%5.4%
5 Year-8.0%-9.2%12.2%-0.5%32.8%18.1%

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

2 years ago | Simply Wall St

Top 3 Growth Stocks For The Month

2 years ago | Simply Wall St

Top High Growth Stocks This Week

Valuation

Is Bay Banks of Virginia undervalued compared to its fair value and its price relative to the market?

10.08x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BAYK's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BAYK's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BAYK is poor value based on its PE Ratio (10.1x) compared to the Banks industry average (8.9x).

PE vs Market: BAYK is good value based on its PE Ratio (10.1x) compared to the US market (13x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BAYK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BAYK is good value based on its PB Ratio (0.6x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

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

-1.0%

Forecasted Banks industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if BAYK's forecast earnings growth is above the savings rate (1.7%).

Earnings vs Market: Insufficient data to determine if BAYK's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if BAYK's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if BAYK's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BAYK's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

33.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BAYK has high quality earnings.

Growing Profit Margin: BAYK's current net profit margins (18%) are higher than last year (10.7%).


Past Earnings Growth Analysis

Earnings Trend: BAYK's earnings have grown significantly by 33.6% per year over the past 5 years.

Accelerating Growth: BAYK's earnings growth over the past year (82%) exceeds its 5-year average (33.6% per year).

Earnings vs Industry: BAYK earnings growth over the past year (82%) exceeded the Banks industry 11.2%.


Return on Equity

High ROE: BAYK's Return on Equity (5.6%) is considered low.


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

Inventory Level: BAYK has a low level of unsold assets or inventory.

Debt Coverage by Assets: BAYK's debt is not covered by short term assets (assets are 0.6x debt).


Financial Institutions Analysis

Asset Level: BAYK's level of assets compared to its equity is low.

Allowance for Bad Loans: BAYK has a sufficient allowance for bad loans.

Low Risk Liabilities: BAYK's liabilities are made up of primarily low risk sources of funding.

Loan Level: BAYK has an acceptable proportion of non-loan assets held.

Low Risk Deposits: BAYK's loans are broadly funded by customer deposits.

Level of Bad Loans: BAYK has an appropriate level of bad loans (0.48%)


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BAYK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate BAYK's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BAYK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BAYK's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: BAYK is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BAYK's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Randy Greene (59yo)

8.42s

Tenure

US$600,573

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

Compensation vs Market: Randy's total compensation ($USD600.57K) is about average for companies of similar size in the US market ($USD601.33K).

Compensation vs Earnings: Randy's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Randal Greene
President8.42yrsUS$600.57k0.77% $561.7k
Judy Gavant
Executive VP2yrsno data0.20% $146.8k
Peggy George
VP & Human Resource Officerno datano datano data
Michael Troutman
Executive Vice President0.17yrno data0.066% $47.7k
Pamela Varnier
VP & Corporate Secretary11.83yrsno datano data
Eric Nost
President & CEO of VCB Financial Group3yrsno data0.14% $104.8k

3.0yrs

Average Tenure

59yo

Average Age

Experienced Management: BAYK's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Randal Greene
President8.42yrsUS$600.57k0.77% $561.7k
Randolph Reynolds
Director0.83yrno data0.10% $72.8k
Richard Farmar
Independent Director15.83yrsUS$65.37k0.38% $278.4k
Julien Patterson
Independent Director10.83yrsUS$41.37k2.68% $2.0m
C. Clarke
Independent Director6.83yrsUS$56.87k0.087% $63.6k
John Hodges
Director0.83yrno data0.054% $39.4k
Vance Spilman
Independent Director1.5yrsUS$33.92k0.17% $120.6k
Elizabeth Crowther
Independent Director7.5yrsUS$50.87k0.087% $63.6k
C. Scott
Chairman of the Board2.92yrsUS$413.39k1.78% $1.3m
James VanLandingham
Independent Director2.92yrsUS$56.17k0.10% $73.6k

2.9yrs

Average Tenure

60yo

Average Age

Experienced Board: BAYK's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$72.740m
  • Shares outstanding: 13.35m
  • 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 accounts, money market accounts, cash management accounts, certificates of deposit, and individual retirement accounts. Its loan products include commercial and industrial loans, such as small business loans, asset based loans, and other secured and unsecured loans and lines of credit; residential and commercial mortgages; home equity loans; consumer installment loans; and consumer loans comprising automobile and boat financing, home improvement loans, and unsecured personal loans. It also offers credit cards; investment accounts; and insurance, online banking, telephone banking, mobile banking, analysis checking, cash management deposit, wire, direct deposit payroll, and remote deposit services, as well as a line of commercial lending options. In addition, the company offers management services, including estate planning and settlement, as well as trust administration, investment, and wealth management services; and revocable and irrevocable living trusts, testamentary trusts, custodial accounts, investment management accounts, and managed and self-directed rollover individual retirement accounts for personal and corporate trusts. As of February 6, 2019, it operated 20 banking offices, including a production office located throughout the greater Richmond area, the Northern Neck region, Middlesex County, the Tri-Cities area of Petersburg, Hopewell and Colonial Heights, Suffolk, and Virginia Beach. Bay Banks of Virginia, Inc. was founded in 1930 and is headquartered in Richmond, Virginia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/28 00:42
End of Day Share Price2020/03/26 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.