Bay Banks Of Virginia Inc: Maltese Capital Management Llc Bought Stake

February 12, 2018 - By Adrian Mccoy

 Bay Banks Of Virginia Inc: Maltese Capital Management Llc Bought Stake

Investors sentiment increased to Infinity in Q3 2017. Its up Infinity, from 0 in 2017Q2. It improved, as 0 investors sold Bay Banks of Virginia, Inc. shares while 0 reduced holdings. 2 funds opened positions while 1 raised stakes. 2.54 million shares or 158.75% more from 982,900 shares in 2017Q2 were reported.

Jcsd Cap Ltd owns 389,190 shares or 3.54% of their US portfolio. Kennedy Cap Mgmt invested in 0% or 12,599 shares. Maltese Capital Mgmt Ltd Llc stated it has 0.4% in Bay Banks of Virginia, Inc. (OTCMKTS:BAYK).

The New Maltese Capital Management Llc Holding in Bay Banks Of Virginia Inc

Maltese Capital Management Llc reported SC 13G/A form with the SEC for Bay Banks Of Virginia Inc. Access it here: 000091957418001005. As reported by Maltese Capital Management Llc, the filler owns 3.72% or 491,450 shares of the Finance–company.

Bay Banks Of Virginia Inc stake is new for [reportingPerson]. Date of activity: December31, 2017. This shows Maltese Capital Management Llc’s positive view for Bay Banks Of Virginia Inc. For a institutional investor managing $1.71 billion in assets and having 21+ experts this is interesting position.

Business 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. Its products include cash management accounts, individual retirement accounts, commercial and industrial loans, residential mortgages, commercial mortgages, home equity loans, consumer installment loans, investment accounts, insurance, credit cards and telephone banking. Its deposits include non-interest bearing demand deposits, interest bearing deposits and time deposits. The Trust Company provides management services for personal and corporate trusts, including estate planning, estate settlement and trust administration.

SEC Form 13G.

Maltese Capital Management Llc website.

The stock increased 0.47% or $0.05 during the last trading session, reaching $10.7. About 1,078 shares traded. Bay Banks of Virginia, Inc. (OTCMKTS:BAYK) has 0.00% since February 12, 2017 and is . It has underperformed by 16.70% the S&P500.

Bay Banks of Virginia, Inc. operates as the bank holding firm for Bank of Lancaster that provides various banking services and products to businesses, professionals, and clients in Virginia. The company has market cap of $141.18 million. The firm accepts checking accounts, savings accounts, money market accounts, cash management accounts, certificates of deposit, and individual retirement accounts. It has a 46.32 P/E ratio. The Company’s 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.

More notable recent Bay Banks of Virginia, Inc. (OTCMKTS:BAYK) news were published by: Prnewswire.com which released: “Shareholders Approve Bay Banks of Virginia, Inc. Merger With Virginia BanCorp …” on March 17, 2017, also Streetinsider.com with their article: “Form S-3DPOS BAY BANKS OF VIRGINIA” published on January 12, 2018, Prnewswire.com published: “Bay Banks of Virginia, Inc. Completes $35 Million Private Placement” on August 31, 2017. More interesting news about Bay Banks of Virginia, Inc. (OTCMKTS:BAYK) were released by: Prnewswire.com and their article: “Bay Banks of Virginia and Virginia BanCorp Announce Strategic Merger” published on November 03, 2016 as well as Prnewswire.com‘s news article titled: “Bay Banks of Virginia names Randy Reynolds to its Trust and Wealth Management …” with publication date: June 16, 2017.

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