Brokerages Anticipate Byline Bancorp, Inc. (NYSE:BY) to Announce $0.57 Earnings Per Share

Brokerages expect Byline Bancorp, Inc. (NYSE:BY) to report earnings per share (EPS) of $0.57 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Byline Bancorp’s earnings. The lowest EPS estimate is $0.54 and the highest is $0.59. Byline Bancorp reported earnings per share of $0.34 in the same quarter last year, which indicates a positive year-over-year growth rate of 67.6%. The business is scheduled to report its next quarterly earnings results after the market closes on Thursday, October 28th.

On average, analysts expect that Byline Bancorp will report full-year earnings of $2.40 per share for the current financial year, with EPS estimates ranging from $2.33 to $2.46. For the next fiscal year, analysts expect that the company will report earnings of $1.59 per share, with EPS estimates ranging from $1.54 to $1.67. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Byline Bancorp.

Byline Bancorp (NYSE:BY) last released its quarterly earnings results on Thursday, July 29th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.48 by $0.29. Byline Bancorp had a return on equity of 10.13% and a net margin of 23.85%. The business had revenue of $79.18 million during the quarter, compared to analyst estimates of $71.45 million.

A number of research firms recently issued reports on BY. Zacks Investment Research upgraded Byline Bancorp from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Tuesday, August 3rd. Stephens lowered Byline Bancorp from an “overweight” rating to an “equal weight” rating and set a $27.00 target price for the company. in a report on Monday, August 2nd. Finally, Hovde Group began coverage on Byline Bancorp in a report on Monday, September 13th. They issued an “outperform” rating and a $28.00 target price for the company. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Byline Bancorp presently has an average rating of “Buy” and a consensus target price of $24.75.

NYSE:BY traded down $0.53 during midday trading on Monday, reaching $24.54. The company had a trading volume of 48,956 shares, compared to its average volume of 124,852. The firm has a market capitalization of $925.89 million, a price-to-earnings ratio of 12.65 and a beta of 1.37. The stock’s fifty day simple moving average is $24.54 and its 200-day simple moving average is $23.21. Byline Bancorp has a 12-month low of $12.12 and a 12-month high of $25.78.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 24th. Shareholders of record on Tuesday, August 10th were paid a $0.09 dividend. The ex-dividend date was Monday, August 9th. This is a boost from Byline Bancorp’s previous quarterly dividend of $0.06. This represents a $0.36 dividend on an annualized basis and a yield of 1.47%. Byline Bancorp’s dividend payout ratio (DPR) is currently 34.29%.

In other news, SVP Thomas J. Bell III sold 15,000 shares of Byline Bancorp stock in a transaction dated Wednesday, August 25th. The stock was sold at an average price of $25.41, for a total transaction of $381,150.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William G. Kistner bought 2,600 shares of the business’s stock in a transaction dated Friday, August 13th. The shares were purchased at an average price of $25.61 per share, for a total transaction of $66,586.00. Following the transaction, the director now directly owns 9,825 shares of the company’s stock, valued at approximately $251,618.25. The disclosure for this purchase can be found here. 34.96% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of BY. Philadelphia Financial Management of San Francisco LLC acquired a new position in Byline Bancorp in the 1st quarter valued at about $861,000. Goldman Sachs Group Inc. increased its position in Byline Bancorp by 129.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 34,538 shares of the company’s stock valued at $731,000 after acquiring an additional 19,513 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Byline Bancorp in the 2nd quarter valued at about $1,437,000. BlackRock Inc. increased its position in Byline Bancorp by 10.4% in the 1st quarter. BlackRock Inc. now owns 1,908,587 shares of the company’s stock valued at $40,366,000 after acquiring an additional 179,787 shares during the period. Finally, IAG Wealth Partners LLC acquired a new position in Byline Bancorp in the 2nd quarter valued at about $54,000. Institutional investors and hedge funds own 41.78% of the company’s stock.

Byline Bancorp Company Profile

Byline Bancorp, Inc is a holding company, which engages in business through its subsidiary, Byline Bank, a full services commercial bank. It offers a broad range of banking products and service to small and medium sized businesses, commercial real estate and financial sponsors, and to consumers in the branch areas.

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Earnings History and Estimates for Byline Bancorp (NYSE:BY)

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