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

Byline Bancorp (NYSE:BY - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Byline Bancorp to post earnings of $0.63 per share for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

Byline Bancorp (NYSE:BY - Get Free Report) last posted its quarterly earnings data on Thursday, January 25th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.06. Byline Bancorp had a net margin of 20.13% and a return on equity of 13.27%. The firm had revenue of $100.79 million for the quarter, compared to the consensus estimate 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 Stock Up 1.1 %

Shares of BY traded up $0.22 during mid-day trading on Thursday, hitting $20.08. 82,082 shares of the company traded hands, compared to its average volume of 97,173. Byline Bancorp has a 1-year low of $16.40 and a 1-year high of $24.52. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $891.15 million, a PE ratio of 7.52 and a beta of 1.14. The business has a 50 day moving average of $20.80 and a 200 day moving average of $21.10.

Byline Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Tuesday, February 6th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $0.36 annualized dividend and a dividend yield of 1.79%. Byline Bancorp's dividend payout ratio (DPR) is currently 13.48%.

Insider Activity at Byline Bancorp

In related news, Director Ana Casanueva sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $21.54, for a total value of $32,310.00. Following the sale, the director now owns 2,131 shares in the company, valued at $45,901.74. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Byline Bancorp news, Director Ana Casanueva sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $21.54, for a total value of $32,310.00. Following the sale, the director now owns 2,131 shares in the company, valued at approximately $45,901.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Alberto J. Paracchini sold 2,100 shares of the company's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $21.19, for a total value of $44,499.00. Following the completion of the sale, the president now owns 197,991 shares in the company, valued at approximately $4,195,429.29. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 10,585 shares of company stock worth $218,810 and have sold 28,409 shares worth $598,238. 35.04% of the stock is owned by insiders.

Institutional Investors Weigh In On Byline Bancorp

Several hedge funds have recently bought and sold shares of BY. Lazard Asset Management LLC purchased a new position in shares of Byline Bancorp during the 2nd quarter valued at approximately $29,000. Citigroup Inc. lifted its position in shares of Byline Bancorp by 277.9% during the 1st quarter. Citigroup Inc. now owns 3,265 shares of the company's stock valued at $71,000 after buying an additional 2,401 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Byline Bancorp by 180.9% during the 2nd quarter. Royal Bank of Canada now owns 4,182 shares of the company's stock valued at $76,000 after buying an additional 2,693 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Byline Bancorp by 77.2% during the 2nd quarter. Wells Fargo & Company MN now owns 9,590 shares of the company's stock valued at $173,000 after buying an additional 4,177 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Byline Bancorp by 1,070.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,973 shares of the company's stock valued at $188,000 after buying an additional 7,292 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Stephens cut their price objective 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. Piper Sandler upped their target price on Byline Bancorp from $27.00 to $28.00 and gave the company an "overweight" rating in a research report on Tuesday, January 30th.

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.