PNC Financial Services Group Inc. Maintains Position in Bay Bancorp, Inc. (BYBK)
PNC Financial Services Group Inc. held its position in shares of Bay Bancorp, Inc. (NASDAQ:BYBK) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,168 shares of the financial services provider’s stock at the end of the 2nd quarter. PNC Financial Services Group Inc. owned 0.13% of Bay Bancorp worth $108,000 at the end of the most recent quarter.
Separately, Wells Fargo & Company MN grew its stake in Bay Bancorp by 31.7% during the second quarter. Wells Fargo & Company MN now owns 34,544 shares of the financial services provider’s stock worth $263,000 after purchasing an additional 8,305 shares during the period. 23.33% of the stock is owned by institutional investors.
Shares of Bay Bancorp, Inc. (NASDAQ BYBK) opened at 11.95 on Wednesday. The firm has a market cap of $128.02 million, a PE ratio of 39.70 and a beta of 0.14. The company’s 50-day moving average price is $10.36 and its 200 day moving average price is $8.23. Bay Bancorp, Inc. has a 1-year low of $5.20 and a 1-year high of $12.05.
Bay Bancorp (NASDAQ:BYBK) last released its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.20 EPS for the quarter. The business had revenue of $9.27 million during the quarter. Bay Bancorp had a return on equity of 8.36% and a net margin of 14.58%.
About Bay Bancorp
Bay Bancorp, Inc, formerly Carrollton Bancorp, is a savings and loan holding company. The Company operates through its subsidiary, Bay Bank, FSB (the Bank). It operates in the Community Banking segment. The Bank serves local consumers, small and medium size businesses, professionals and other customers by offering a range of financial products and services, including online and mobile banking, commercial banking, cash management, mortgage lending and retail banking.
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