Zacks: Brokerages Expect Byline Bancorp Inc (NYSE:BY) Will Post Earnings of $0.41 Per Share

Equities research analysts expect that Byline Bancorp Inc (NYSE:BY) will report $0.41 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Byline Bancorp’s earnings, with estimates ranging from $0.40 to $0.42. Byline Bancorp reported earnings of $0.40 per share in the same quarter last year, which indicates a positive year over year growth rate of 2.5%. The business is expected to report its next earnings report on Thursday, October 24th.

According to Zacks, analysts expect that Byline Bancorp will report full year earnings of $1.57 per share for the current financial year, with EPS estimates ranging from $1.46 to $1.64. For the next year, analysts forecast that the business will report earnings of $1.65 per share, with EPS estimates ranging from $1.58 to $1.72. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Byline Bancorp.

Byline Bancorp (NYSE:BY) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Byline Bancorp had a net margin of 18.92% and a return on equity of 9.44%. The firm had revenue of $68.63 million for the quarter, compared to analyst estimates of $66.85 million.



Separately, Zacks Investment Research raised shares of Byline Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 31st.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bessemer Group Inc. lifted its position in shares of Byline Bancorp by 266.7% during the second quarter. Bessemer Group Inc. now owns 17,600 shares of the company’s stock valued at $337,000 after purchasing an additional 12,800 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Byline Bancorp by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 172,240 shares of the company’s stock valued at $2,869,000 after purchasing an additional 9,427 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Byline Bancorp by 53.8% during the fourth quarter. Bank of America Corp DE now owns 52,405 shares of the company’s stock valued at $873,000 after purchasing an additional 18,340 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Byline Bancorp by 38.3% during the fourth quarter. Bank of New York Mellon Corp now owns 88,976 shares of the company’s stock valued at $1,482,000 after purchasing an additional 24,618 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of Byline Bancorp by 2.0% during the fourth quarter. BlackRock Inc. now owns 855,673 shares of the company’s stock valued at $14,255,000 after purchasing an additional 16,721 shares in the last quarter. 29.43% of the stock is currently owned by institutional investors.

Shares of Byline Bancorp stock traded up $0.23 during trading hours on Friday, reaching $17.39. The company’s stock had a trading volume of 7,080 shares, compared to its average volume of 86,997. Byline Bancorp has a one year low of $15.39 and a one year high of $24.20. The company has a market capitalization of $673.49 million, a P/E ratio of 14.75, a P/E/G ratio of 1.11 and a beta of 1.00. The stock’s fifty day simple moving average is $18.61 and its two-hundred day simple moving average is $19.09. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.93 and a current ratio of 0.96.

About Byline Bancorp

Byline Bancorp, Inc operates as the bank holding company for Byline Bank that provides a range of banking products and services to small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the United States. It offers non-interest bearing accounts, money market demand accounts, savings accounts, interest bearing checking accounts, and time deposits, as well as certificates of deposit.

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Earnings History and Estimates for Byline Bancorp (NYSE:BY)

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