Byline Bancorp (BY) Scheduled to Post Quarterly Earnings on Thursday

Byline Bancorp (NYSE:BY) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, October 24th. Analysts expect Byline Bancorp to post earnings of $0.65 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Byline Bancorp (NYSE:BY) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05. The business had revenue of $154.41 million during the quarter, compared to analysts’ expectations of $99.25 million. Byline Bancorp had a return on equity of 12.69% and a net margin of 19.42%. During the same period in the previous year, the firm posted $0.73 earnings per share. On average, analysts expect Byline Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Byline Bancorp Stock Performance

Shares of BY opened at $26.92 on Thursday. The company’s 50-day simple moving average is $26.38 and its 200-day simple moving average is $24.48. Byline Bancorp has a 1 year low of $18.39 and a 1 year high of $29.49. The stock has a market capitalization of $1.19 billion, a PE ratio of 9.86 and a beta of 1.12.

Byline Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 6th were issued a dividend of $0.09 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.36 dividend on an annualized basis and a yield of 1.34%. Byline Bancorp’s dividend payout ratio (DPR) is presently 13.19%.

Insider Activity

In other Byline Bancorp news, insider John Barkidjija sold 27,009 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $28.18, for a total value of $761,113.62. Following the completion of the transaction, the insider now owns 22,691 shares in the company, valued at $639,432.38. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Byline Bancorp news, insider Brogan Ptacin sold 11,812 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $27.65, for a total transaction of $326,601.80. Following the transaction, the insider now directly owns 25,588 shares of the company’s stock, valued at approximately $707,508.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John Barkidjija sold 27,009 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $28.18, for a total transaction of $761,113.62. Following the completion of the sale, the insider now directly owns 22,691 shares of the company’s stock, valued at $639,432.38. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,309 shares of company stock worth $1,131,254. 30.06% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BY. Stephens increased their price objective on Byline Bancorp from $27.00 to $29.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Piper Sandler reiterated an “overweight” rating and set a $34.00 price target (up previously from $27.00) on shares of Byline Bancorp in a report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Byline Bancorp from $25.00 to $29.00 and gave the company a “market perform” rating in a research report on Monday, July 29th.

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.