Byline Bancorp (BY) to Release Quarterly Earnings on Thursday

Byline Bancorp (NYSE:BYGet Rating) will announce its earnings results after the market closes on Thursday, January 26th. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Byline Bancorp (NYSE:BYGet Rating) last released its earnings results on Thursday, October 27th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.55 by $0.06. The business had revenue of $80.87 million during the quarter, compared to analyst estimates of $79.13 million. Byline Bancorp had a net margin of 24.42% and a return on equity of 11.70%. On average, analysts expect Byline Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Byline Bancorp Stock Performance

Shares of NYSE:BY opened at $22.87 on Wednesday. The company has a market cap of $856.85 million, a PE ratio of 10.49 and a beta of 1.16. Byline Bancorp has a 52 week low of $20.15 and a 52 week high of $28.50. The firm has a 50 day simple moving average of $22.79 and a 200 day simple moving average of $22.64.

Analyst Ratings Changes

Several equities research analysts recently commented on BY shares. Hovde Group reduced their price target on shares of Byline Bancorp to $28.00 in a research report on Tuesday, November 1st. Piper Sandler upped their price target on shares of Byline Bancorp to $27.00 in a research report on Friday, November 4th.

Insider Buying and Selling at Byline Bancorp

In related news, major shareholder Investors I. L.P. Mbg acquired 45,000 shares of the company’s stock in a transaction on Wednesday, December 7th. The shares were purchased at an average price of $22.55 per share, for a total transaction of $1,014,750.00. Following the purchase, the insider now owns 11,555,601 shares in the company, valued at $260,578,802.55. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Investors I. L.P. Mbg acquired 43,478 shares of the company’s stock in a transaction on Monday, December 5th. The shares were purchased at an average price of $22.52 per share, for a total transaction of $979,124.56. Following the purchase, the insider now owns 11,510,601 shares in the company, valued at $259,218,734.52. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Investors I. L.P. Mbg purchased 45,000 shares of the company’s stock in a transaction dated Wednesday, December 7th. The shares were acquired at an average price of $22.55 per share, for a total transaction of $1,014,750.00. Following the purchase, the insider now owns 11,555,601 shares in the company, valued at $260,578,802.55. The disclosure for this purchase can be found here. Company insiders own 35.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BY. Hsbc Holdings PLC acquired a new position in shares of Byline Bancorp during the 1st quarter worth $214,000. Citadel Advisors LLC increased its stake in shares of Byline Bancorp by 45.0% during the 2nd quarter. Citadel Advisors LLC now owns 11,015 shares of the company’s stock worth $262,000 after purchasing an additional 3,421 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Byline Bancorp by 12.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 13,105 shares of the company’s stock worth $265,000 after purchasing an additional 1,449 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Byline Bancorp during the 3rd quarter worth $310,000. Finally, MetLife Investment Management LLC increased its stake in shares of Byline Bancorp by 53.6% during the 1st quarter. MetLife Investment Management LLC now owns 13,551 shares of the company’s stock worth $362,000 after purchasing an additional 4,730 shares during the last quarter. Institutional investors and hedge funds own 47.06% of the company’s stock.

Byline Bancorp Company Profile

(Get Rating)

Byline Bancorp, Inc operates as the bank holding company for Byline Bank that provides various banking products and services for small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the United States. It offers various retail deposit products, including non-interest-bearing accounts, money market demand accounts, savings accounts, interest-bearing checking accounts, and time deposits; ATM and debit cards; and online, mobile, and text banking services, as well as commercial deposits.

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Earnings History for Byline Bancorp (NYSE:BY)

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