Byline Bancorp, Inc. (NYSE:BY) Plans Quarterly Dividend of $0.12

Byline Bancorp, Inc. (NYSE:BY) declared a quarterly dividend on Thursday, April 23rd. Shareholders of record on Tuesday, May 5th will be given a dividend of 0.12 per share on Tuesday, May 19th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, May 5th.

Byline Bancorp has increased its dividend by an average of 0.3%per year over the last three years and has increased its dividend every year for the last 1 years. Byline Bancorp has a payout ratio of 17.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Byline Bancorp to earn $3.18 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 15.1%.

Byline Bancorp Price Performance

Byline Bancorp stock opened at $33.14 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1.50 billion, a PE ratio of 11.51 and a beta of 0.81. Byline Bancorp has a 12 month low of $24.75 and a 12 month high of $34.33. The stock has a 50-day moving average price of $31.96 and a two-hundred day moving average price of $30.14.

Byline Bancorp (NYSE:BY) last posted its earnings results on Thursday, April 23rd. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.74 by $0.09. The firm had revenue of $112.40 million during the quarter, compared to the consensus estimate of $113.89 million. Byline Bancorp had a return on equity of 11.19% and a net margin of 20.54%. Analysts expect that Byline Bancorp will post 3.09 EPS for the current year.

Institutional Investors Weigh In On Byline Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its stake in shares of Byline Bancorp by 99.5% in the third quarter. EverSource Wealth Advisors LLC now owns 1,095 shares of the company’s stock valued at $30,000 after buying an additional 546 shares during the period. State of Alaska Department of Revenue acquired a new stake in Byline Bancorp during the third quarter worth approximately $46,000. Clearstead Advisors LLC grew its stake in Byline Bancorp by 83.1% during the fourth quarter. Clearstead Advisors LLC now owns 1,578 shares of the company’s stock worth $46,000 after purchasing an additional 716 shares during the period. Parkside Financial Bank & Trust grew its stake in Byline Bancorp by 15.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the company’s stock worth $69,000 after purchasing an additional 313 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in Byline Bancorp by 1,572.5% during the third quarter. Russell Investments Group Ltd. now owns 2,860 shares of the company’s stock worth $79,000 after purchasing an additional 2,689 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

About Byline Bancorp

Byline Bancorp, Inc is the bank holding company for Byline Bank, a full-service commercial bank headquartered in Chicago, Illinois. Established under its current name in 2016, the company operates as a community-focused financial institution offering a broad array of banking products and services to corporate, professional and consumer clients.

On the commercial banking side, Byline Bancorp serves small and midsize businesses, real estate developers, professional services firms and nonprofit organizations.