Byline Bancorp - BY Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Byline Bancorp in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BY shares.
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2 equities research analysts have issued twelve-month price objectives for Byline Bancorp's shares. Their BY share price forecasts range from $26.00 to $28.00. On average, they anticipate the company's stock price to reach $27.00 in the next twelve months. This suggests a possible upside of 11.4% from the stock's current price.
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Byline Bancorp's stock was trading at $22.97 at the beginning of the year. Since then, BY stock has increased by 5.5% and is now trading at $24.24.
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Byline Bancorp saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 959,900 shares, an increase of 7.1% from the December 15th total of 895,900 shares. Based on an average trading volume of 98,200 shares, the days-to-cover ratio is presently 9.8 days. Currently, 4.2% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
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Byline Bancorp, Inc. (NYSE:BY) announced its earnings results on Thursday, October, 28th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.13. The firm earned $78.34 million during the quarter, compared to analysts' expectations of $75.55 million. Byline Bancorp had a net margin of 24.96% and a trailing twelve-month return on equity of 11.78%. During the same quarter last year, the business posted $0.34 earnings per share.

Byline Bancorp declared a quarterly dividend on Thursday, January 26th. Shareholders of record on Tuesday, February 7th will be paid a dividend of $0.09 per share on Tuesday, February 21st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Monday, February 6th.
Read our dividend analysis for BY.

Byline Bancorp (NYSE:BY) pays an annual dividend of $0.36 per share and currently has a dividend yield of 1.58%. The dividend payout ratio is 15.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BY will have a dividend payout ratio of 14.94% 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 a price of $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 institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.07%), Strs Ohio (0.06%) and Romano Brothers AND Company (0.00%). 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 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 $24.24.

Byline Bancorp (NYSE:BY) has a market capitalization of $908.27 million and generates $358.87 million in revenue each year. The company earns $92.79 million in net income (profit) each year or $2.38 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.