Bay Banks of Virginia (OTCMKTS:BAYK) versus Southern Michigan Bancorp (OTCMKTS:SOMC) Head to Head Analysis

Bay Banks of Virginia (OTCMKTS:BAYK) and Southern Michigan Bancorp (OTCMKTS:SOMC) are both small-cap finance companies, but which is the better business? We will contrast the two companies based on the strength of their institutional ownership, earnings, valuation, profitability, dividends, risk and analyst recommendations.

Volatility & Risk

Bay Banks of Virginia has a beta of 0.48, suggesting that its share price is 52% less volatile than the S&P 500. Comparatively, Southern Michigan Bancorp has a beta of 0.31, suggesting that its share price is 69% less volatile than the S&P 500.

Analyst Ratings

This is a breakdown of recent recommendations and price targets for Bay Banks of Virginia and Southern Michigan Bancorp, as provided by

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bay Banks of Virginia 0 0 0 0 N/A
Southern Michigan Bancorp 0 0 0 0 N/A

Insider & Institutional Ownership

13.7% of Bay Banks of Virginia shares are held by institutional investors. Comparatively, 2.5% of Southern Michigan Bancorp shares are held by institutional investors. 8.2% of Bay Banks of Virginia shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.


Southern Michigan Bancorp pays an annual dividend of $0.92 per share and has a dividend yield of 2.5%. Bay Banks of Virginia does not pay a dividend.

Earnings and Valuation

This table compares Bay Banks of Virginia and Southern Michigan Bancorp’s revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Bay Banks of Virginia $48.11 million 2.24 $3.88 million $0.38 21.32
Southern Michigan Bancorp $36.24 million 2.40 $8.13 million N/A N/A

Southern Michigan Bancorp has lower revenue, but higher earnings than Bay Banks of Virginia.


This table compares Bay Banks of Virginia and Southern Michigan Bancorp’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Bay Banks of Virginia 9.73% 4.58% 0.50%
Southern Michigan Bancorp 21.72% 10.90% 1.09%


Southern Michigan Bancorp beats Bay Banks of Virginia on 6 of the 11 factors compared between the two stocks.

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. 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.

About Southern Michigan Bancorp

Southern Michigan Bancorp, Inc. operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southern Michigan communities. Its deposit products include interest and non-interest checking, passbook savings, and various types of money market accounts; time, savings, and demand deposits; and certificates of deposit. The company also provides home mortgages, equity loans, and personal loans; business loans, such as lines of credit, term loans, commercial real estate loans, agriculture loans, letters of credit, small business administration loans, and capital access loans; industrial, construction, real estate, and inventory loans; and consumer lending products comprising direct and indirect loans to purchasers of residential real property and consumer goods. In addition, it offers trust and investment services that include investment management, trustee, individual retirement account rollovers and retirement plan, institutional and personal custody, estate settlement, wealth management, estate and wealth transfer planning assistance, charitable gift planning assistance, and cash management custody services; and safe deposit box and automated teller machine services. Further, the company provides online and mobile banking, bill pay, e-statements, health savings account, business succession planning, life insurance, and remote deposit capture services, as well as payroll, prepaid, gift, and credit cards. It operates through a network of 14 banking offices located in Battle Creek, Camden, Centreville, Coldwater, Constantine, Hillsdale, Marshall, Mendon, Portage, Tekonsha, Three Rivers, and Union City, Michigan. The company was founded in 1871 and is based in Coldwater, Michigan.

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