Byline Bancorp (BY) to Release Quarterly Earnings on Thursday

Byline Bancorp (NYSE:BY) is expected to be posting its quarterly earnings results after the market closes on Thursday, January 23rd. Analysts expect Byline Bancorp to post earnings of $0.61 per share and revenue of $100,373.60 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Byline Bancorp Trading Up 0.7 %

Shares of BY opened at $28.70 on Wednesday. The stock’s 50 day moving average is $29.92 and its two-hundred day moving average is $27.91. Byline Bancorp has a twelve month low of $19.70 and a twelve month high of $32.89. The firm has a market capitalization of $1.27 billion, a PE ratio of 10.43 and a beta of 1.15.

Byline Bancorp declared that its board has initiated a stock buyback program on Thursday, December 5th that allows the company to repurchase 1,250,000 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Byline Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th were paid a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.25%. Byline Bancorp’s dividend payout ratio (DPR) is presently 13.09%.

Analyst Ratings Changes

Several brokerages have commented on BY. Piper Sandler restated an “overweight” rating and set a $34.00 target price on shares of Byline Bancorp in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods upped their target price on shares of Byline Bancorp from $29.00 to $33.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

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.