Byline Bancorp (BY) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Byline Bancorp in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" BY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BY, but not buy additional shares or sell existing shares.
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1 equities research analysts have issued 1-year target prices for Byline Bancorp's stock. Their BY share price forecasts range from $25.00 to $28.00. On average, they expect the company's share price to reach $26.33 in the next twelve months. This suggests a possible upside of 36.4% from the stock's current price.
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Byline Bancorp's stock was trading at $22.97 at the beginning of 2023. Since then, BY shares have decreased by 16.0% and is now trading at $19.30.
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Byline Bancorp saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 943,900 shares, a decline of 12.6% from the April 30th total of 1,080,000 shares. Based on an average daily volume of 131,100 shares, the short-interest ratio is presently 7.2 days. Currently, 4.1% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
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Byline Bancorp, Inc. (NYSE:BY) issued its quarterly earnings data on Thursday, April, 27th. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.01. The firm had revenue of $90.86 million for the quarter, compared to analyst estimates of $88.43 million. Byline Bancorp had a net margin of 23.22% and a trailing twelve-month return on equity of 12.03%.

Byline Bancorp announced a quarterly dividend on Thursday, April 27th. Investors of record on Tuesday, May 9th will be paid a dividend of $0.09 per share on Tuesday, May 23rd. This represents a $0.36 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Monday, May 8th.
Read our dividend analysis for BY.

ETFs with the largest weight of Byline Bancorp (NYSE:BY) stock in their portfolio include AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), iShares US Small Cap Value Factor ETF (SVAL) and SPDR S&P Regional Banking ETF (KRE).Direxion Daily Regional Banks Bull 3x Shares (DPST),

Byline Bancorp (NYSE:BY) pays an annual dividend of $0.36 per share and currently has a dividend yield of 1.87%. The dividend payout ratio is 14.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BY will have a dividend payout ratio of 15.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BY.

20 employees have rated Byline Bancorp Chief Executive Officer Alberto Paracchini on Glassdoor.com. Alberto Paracchini has an approval rating of 35% among the company's employees. This puts Alberto Paracchini in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Byline Bancorp investors own include McDonald's (MCD), Altria Group (MO), AT&T (T), Ares Capital (ARCC), Bank of America (BAC), Franklin Resources (BEN), Emerson Electric (EMR), Invesco (IVZ), Shopify (SHOP) and CarGurus (CARG).

(BY) raised $114 million in an initial public offering (IPO) on Friday, June 30th 2017. The company issued 5,700,000 shares at $19.00-$21.00 per share. BofA Merrill Lynch and Keefe, Bruyette & Woods (A Stifel Company) acted as the underwriters for the IPO and Piper Jaffray, Sandler O’Neill + Partners and Stephens were co-managers.

Byline Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "BY."

Byline Bancorp's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.67%), Thrivent Financial for Lutherans (5.28%), Dimensional Fund Advisors LP (3.77%), Aristotle Capital Boston LLC (3.10%), State Street Corp (1.88%) and FMR LLC (1.68%). Insiders that own company stock include Ana Casanueva, Brogan Ptacin, Hart Angela E Major, Investors I LP Mbg, John Barkidjija, Lindsay Y Corby, Mary Jo S Herseth, Michelle Lynn Johnson, Owen Beacom, Phillip R Cabrera, Robert R Yohanan, Roberto R Herencia, Steven P Kent, Thomas J Bell III, Valle Perochena Antonio Del and William G Kistner.
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Shares of BY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BY stock can currently be purchased for approximately $19.30.

Byline Bancorp (NYSE:BY) has a market capitalization of $727.80 million and generates $358.87 million in revenue each year. The company earns $87.95 million in net income (profit) each year or $2.44 on an earnings per share basis.

The company employs 929 workers across the globe.

Byline Bancorp's mailing address is 180 NORTH LASALLE STREET SUITE 300, CHICAGO IL, 60601. The official website for the company is www.bylinebancorp.com. The company can be reached via phone at (773) 244-7000 or via email at byir@bylinebank.com.