Byline Bancorp (BY) Projected to Post Earnings on Thursday

Byline Bancorp (NYSE:BYGet Free Report) is anticipated to post its quarterly earnings results after the market closes on Thursday, January 23rd. Analysts expect Byline Bancorp to post earnings of $0.61 per share and revenue of $100,373.60 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Byline Bancorp Stock Up 1.0 %

Shares of BY stock opened at $28.46 on Tuesday. Byline Bancorp has a 12-month low of $19.70 and a 12-month high of $32.89. The firm has a fifty day moving average of $29.98 and a 200-day moving average of $27.87. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 10.35 and a beta of 1.15.

Byline Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.36 annualized dividend and a yield of 1.26%. Byline Bancorp’s dividend payout ratio is presently 13.09%.

Byline Bancorp announced that its Board of Directors has initiated a stock repurchase program on Thursday, December 5th that allows the company to repurchase 1,250,000 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods lifted their price objective on Byline Bancorp from $29.00 to $33.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler reaffirmed an “overweight” rating and issued a $34.00 price target on shares of Byline Bancorp in a research note on Tuesday, October 29th.

Read Our Latest Research Report on BY

About Byline Bancorp

(Get Free Report)

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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