Byline Bancorp (BY) to Release Earnings on Thursday

Byline Bancorp (NYSE:BY) is scheduled to release its earnings data after the market closes on Thursday, April 25th. Analysts expect Byline Bancorp to post earnings of $0.63 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Byline Bancorp (NYSE:BY) last posted its quarterly earnings results on Thursday, January 25th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.06. The company had revenue of $100.79 million for the quarter, compared to the consensus estimate of $101.07 million. Byline Bancorp had a net margin of 20.13% and a return on equity of 13.27%. On average, analysts expect Byline Bancorp to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Byline Bancorp Stock Performance

NYSE:BY opened at $20.90 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. The company has a market cap of $927.54 million, a P/E ratio of 7.83 and a beta of 1.14. Byline Bancorp has a fifty-two week low of $16.40 and a fifty-two week high of $24.52. The firm’s 50 day moving average is $20.79 and its two-hundred day moving average is $21.15.

Byline Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Tuesday, February 6th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend was Monday, February 5th. Byline Bancorp’s dividend payout ratio is currently 13.48%.

Insider Transactions at Byline Bancorp

In other news, President Alberto J. Paracchini sold 20,000 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $21.01, for a total value of $420,200.00. Following the completion of the sale, the president now owns 205,537 shares of the company’s stock, valued at $4,318,332.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, President Alberto J. Paracchini sold 2,100 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $21.19, for a total transaction of $44,499.00. Following the completion of the sale, the president now directly owns 197,991 shares of the company’s stock, valued at approximately $4,195,429.29. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Alberto J. Paracchini sold 20,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $21.01, for a total transaction of $420,200.00. Following the sale, the president now directly owns 205,537 shares of the company’s stock, valued at $4,318,332.37. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 10,585 shares of company stock valued at $218,810 and sold 28,409 shares valued at $598,238. Company insiders own 35.04% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Stephens dropped their price objective on shares of Byline Bancorp from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 3rd. Piper Sandler increased their price objective on shares of Byline Bancorp from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th.

Byline Bancorp Company Profile

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.