Byline Bancorp, Inc. (NYSE:BY) Expected to Post Quarterly Sales of $69.55 Million

Equities analysts expect Byline Bancorp, Inc. (NYSE:BYGet Rating) to post sales of $69.55 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Byline Bancorp’s earnings, with estimates ranging from $64.20 million to $74.90 million. Byline Bancorp posted sales of $79.18 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 12.2%. The firm is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Byline Bancorp will report full year sales of $280.10 million for the current year, with estimates ranging from $260.50 million to $299.70 million. For the next financial year, analysts anticipate that the company will report sales of $297.85 million, with estimates ranging from $278.80 million to $316.90 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Byline Bancorp.

Byline Bancorp (NYSE:BYGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.11. Byline Bancorp had a net margin of 28.71% and a return on equity of 12.97%. During the same quarter in the previous year, the firm earned $0.57 earnings per share.

BY opened at $23.46 on Friday. Byline Bancorp has a twelve month low of $21.41 and a twelve month high of $29.15. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.59. The company has a fifty day moving average of $25.95 and a 200-day moving average of $26.61. The stock has a market cap of $886.79 million, a PE ratio of 9.69 and a beta of 1.29.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 23rd. Stockholders of record on Monday, May 9th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Friday, May 6th. Byline Bancorp’s dividend payout ratio is currently 14.88%.

In related news, insider John Barkidjija sold 20,000 shares of the firm’s stock in a transaction dated Friday, March 11th. The shares were sold at an average price of $27.38, for a total transaction of $547,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Hart Angela E. Major purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, February 25th. The shares were purchased at an average cost of $27.30 per share, for a total transaction of $27,300.00. The disclosure for this purchase can be found here. 34.96% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Deutsche Bank AG raised its position in Byline Bancorp by 2.3% in the fourth quarter. Deutsche Bank AG now owns 19,318 shares of the company’s stock worth $529,000 after acquiring an additional 441 shares during the period. Sei Investments Co. raised its position in Byline Bancorp by 0.4% in the fourth quarter. Sei Investments Co. now owns 172,872 shares of the company’s stock worth $4,728,000 after acquiring an additional 625 shares during the period. Lazard Asset Management LLC bought a new stake in Byline Bancorp in the fourth quarter worth about $27,000. Royal Bank of Canada raised its position in Byline Bancorp by 66.8% in the third quarter. Royal Bank of Canada now owns 2,915 shares of the company’s stock worth $71,000 after acquiring an additional 1,167 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Byline Bancorp by 39.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,582 shares of the company’s stock worth $125,000 after acquiring an additional 1,289 shares during the period. 43.25% of the stock is currently owned by institutional investors.

About Byline Bancorp (Get Rating)

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.

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Earnings History and Estimates for Byline Bancorp (NYSE:BY)

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