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.
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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