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

Byline Bancorp (NYSE:BY) will issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.63 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Byline Bancorp (NYSE:BY) last posted its earnings results on Thursday, January 25th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations 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

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

Byline Bancorp Announces Dividend

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, President Alberto J. Paracchini sold 20,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $21.01, for a total value of $420,200.00. Following the sale, the president now directly owns 205,537 shares of the company’s stock, valued at $4,318,332.37. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, President Alberto J. Paracchini sold 20,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $21.01, for a total value of $420,200.00. Following the sale, the president now directly owns 205,537 shares of the company’s stock, valued at $4,318,332.37. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ana Casanueva sold 1,500 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $21.54, for a total value of $32,310.00. Following the completion of the sale, the director now directly owns 2,131 shares in the company, valued at $45,901.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 10,585 shares of company stock valued at $218,810 and have sold 28,409 shares valued at $598,238. 35.04% of the stock is owned by insiders.

Institutional Investors Weigh In On Byline Bancorp

A number of institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC bought a new position in shares of Byline Bancorp during the second quarter valued at $29,000. Citigroup Inc. lifted its holdings in shares of Byline Bancorp by 277.9% during the first quarter. Citigroup Inc. now owns 3,265 shares of the company’s stock valued at $71,000 after purchasing an additional 2,401 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Byline Bancorp by 180.9% during the second quarter. Royal Bank of Canada now owns 4,182 shares of the company’s stock valued at $76,000 after purchasing an additional 2,693 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Byline Bancorp by 1,070.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,973 shares of the company’s stock valued at $188,000 after purchasing an additional 7,292 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of Byline Bancorp during the first quarter valued at $214,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

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.