Byline Bancorp (BY) Set to Announce Quarterly Earnings on Thursday

Byline Bancorp (NYSE:BY) 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) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.06. Byline Bancorp had a return on equity of 13.27% and a net margin of 20.13%. The firm had revenue of $100.79 million during the quarter, compared to analyst estimates 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 Price Performance

Shares of BY stock opened at $19.82 on Thursday. Byline Bancorp has a 52-week low of $16.40 and a 52-week high of $24.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.91 and a current ratio of 0.92. The firm has a market capitalization of $879.61 million, a P/E ratio of 7.42 and a beta of 1.14. The stock has a 50 day moving average price of $20.81 and a 200 day moving average price of $21.11.

Byline Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Tuesday, February 6th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Monday, February 5th. Byline Bancorp’s dividend payout ratio is currently 13.48%.

Insider Buying and Selling at Byline Bancorp

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers increased its holdings in shares of Byline Bancorp by 1.7% in the 1st quarter. Rhumbline Advisers now owns 49,760 shares of the company’s stock valued at $1,076,000 after acquiring an additional 840 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Byline Bancorp by 0.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 172,801 shares of the company’s stock worth $3,736,000 after buying an additional 986 shares during the last quarter. Sei Investments Co. grew its stake in Byline Bancorp by 0.7% during the 2nd quarter. Sei Investments Co. now owns 174,299 shares of the company’s stock worth $4,148,000 after buying an additional 1,295 shares during the last quarter. Capstone Financial Advisors Inc. grew its stake in Byline Bancorp by 9.3% during the 2nd quarter. Capstone Financial Advisors Inc. now owns 15,871 shares of the company’s stock worth $287,000 after buying an additional 1,350 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in Byline Bancorp by 12.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 13,105 shares of the company’s stock worth $265,000 after buying an additional 1,449 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Piper Sandler raised their price target on Byline Bancorp from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Stephens decreased their price target on Byline Bancorp from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 3rd.

About Byline Bancorp

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.