Zacks: Analysts Anticipate Byline Bancorp, Inc. (NYSE:BY) to Post $0.51 Earnings Per Share

Equities analysts expect Byline Bancorp, Inc. (NYSE:BYGet Rating) to report earnings of $0.51 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Byline Bancorp’s earnings, with the highest EPS estimate coming in at $0.53 and the lowest estimate coming in at $0.49. Byline Bancorp reported earnings of $0.77 per share in the same quarter last year, which would indicate a negative year over year growth rate of 33.8%. The company is expected to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Byline Bancorp will report full-year earnings of $2.10 per share for the current financial year, with EPS estimates ranging from $1.90 to $2.23. For the next year, analysts forecast that the company will report earnings of $2.21 per share, with EPS estimates ranging from $2.05 to $2.32. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Byline Bancorp.

Byline Bancorp (NYSE:BYGet Rating) last released its earnings results on Thursday, April 28th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.11. Byline Bancorp had a return on equity of 12.96% and a net margin of 28.40%. During the same quarter in the prior year, the company posted $0.57 EPS.

Several equities analysts have recently weighed in on BY shares. Zacks Investment Research raised Byline Bancorp from a “hold” rating to a “strong-buy” rating and set a $27.00 target price on the stock in a research report on Wednesday, May 4th. Janney Montgomery Scott raised Byline Bancorp from a “neutral” rating to a “buy” rating in a research report on Tuesday.

In related news, insider John Barkidjija sold 20,000 shares of the company’s stock in a transaction on Friday, March 11th. The stock was sold at an average price of $27.38, for a total transaction of $547,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Hart Angela E. Major acquired 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 12th. The shares were bought at an average price of $23.46 per share, with a total value of $35,190.00. Following the completion of the purchase, the executive vice president now directly owns 4,169 shares in the company, valued at $97,804.74. The disclosure for this purchase can be found here. Insiders have bought a total of 3,300 shares of company stock worth $81,170 in the last three months. Corporate insiders own 34.96% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. River Oaks Capital LLC purchased a new stake in Byline Bancorp in the fourth quarter valued at about $2,128,000. BlackRock Inc. raised its stake in Byline Bancorp by 2.2% in the first quarter. BlackRock Inc. now owns 1,942,398 shares of the company’s stock valued at $51,824,000 after buying an additional 42,019 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Byline Bancorp by 0.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,575,761 shares of the company’s stock valued at $43,097,000 after buying an additional 6,593 shares during the last quarter. Vanguard Group Inc. raised its stake in Byline Bancorp by 2.6% in the first quarter. Vanguard Group Inc. now owns 1,267,950 shares of the company’s stock valued at $33,828,000 after buying an additional 32,417 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Byline Bancorp by 9.5% in the first quarter. Dimensional Fund Advisors LP now owns 942,858 shares of the company’s stock worth $25,155,000 after purchasing an additional 81,774 shares during the last quarter. Institutional investors own 44.18% of the company’s stock.

Shares of NYSE BY traded up $0.26 during trading hours on Friday, hitting $23.54. 885 shares of the company traded hands, compared to its average volume of 106,628. The stock has a market capitalization of $889.81 million, a price-to-earnings ratio of 9.71 and a beta of 1.29. The company’s 50 day moving average price is $24.96 and its 200 day moving average price is $26.45. Byline Bancorp has a 12 month low of $21.41 and a 12 month high of $29.15.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 23rd. Stockholders of record on Monday, May 9th will be given 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 payout ratio is 14.88%.

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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