Byline Bancorp (BY) to Release Earnings on Thursday

Byline Bancorp (NYSE:BY) is scheduled to be releasing 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 listen to the company’s earnings conference call can do so using this link.

Byline Bancorp (NYSE:BY) last issued its quarterly earnings data 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. Byline Bancorp had a net margin of 20.13% and a return on equity of 13.27%. The business had revenue of $100.79 million during the quarter, compared to analysts’ expectations of $101.07 million. 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 Trading Up 0.9 %

Shares of BY stock opened at $20.90 on Tuesday. Byline Bancorp has a 1 year low of $16.40 and a 1 year high of $24.52. The firm’s fifty day simple moving average is $20.79 and its 200 day simple moving average is $21.15. The firm has a market capitalization of $927.54 million, a P/E ratio of 7.83 and a beta of 1.14. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.35.

Byline Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Tuesday, February 6th were given 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 was Monday, February 5th. Byline Bancorp’s dividend payout ratio (DPR) is currently 13.48%.

Insider Buying and Selling at Byline Bancorp

In other Byline Bancorp news, President Alberto J. Paracchini sold 20,000 shares of the business’s 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 sale, the president now owns 205,537 shares of the company’s stock, valued at approximately $4,318,332.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, President Alberto J. Paracchini sold 20,000 shares of the business’s 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 sale, the president now owns 205,537 shares in the company, valued at approximately $4,318,332.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ana Casanueva sold 1,500 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $21.54, for a total transaction of $32,310.00. Following the completion of the sale, the director now owns 2,131 shares in the company, valued at approximately $45,901.74. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 10,585 shares of company stock valued at $218,810 and have sold 28,409 shares valued at $598,238. Insiders own 35.04% of the company’s stock.

Analyst Ratings Changes

BY has been the topic of a number of research reports. Piper Sandler boosted their target price 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. Stephens lowered their price target on shares of Byline Bancorp from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 3rd.

About Byline Bancorp

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.