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

Byline Bancorp (NYSE:BY) will be issuing its quarterly earnings data after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $0.65 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Byline Bancorp (NYSE:BY) last issued its earnings results on Thursday, July 25th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.05. Byline Bancorp had a return on equity of 12.69% and a net margin of 19.42%. The company had revenue of $154.41 million for the quarter, compared to the consensus estimate of $99.25 million. During the same quarter last year, the company earned $0.73 EPS. On average, analysts expect Byline Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Byline Bancorp Price Performance

BY stock opened at $26.59 on Wednesday. Byline Bancorp has a 1-year low of $18.39 and a 1-year high of $29.49. The business has a 50 day simple moving average of $26.46 and a two-hundred day simple moving average of $24.67. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 9.74 and a beta of 1.12.

Insider Buying and Selling at Byline Bancorp

In other news, insider John Barkidjija sold 27,009 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $28.18, for a total value of $761,113.62. Following the sale, the insider now directly owns 22,691 shares in the company, valued at $639,432.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider John Barkidjija sold 27,009 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $28.18, for a total value of $761,113.62. Following the completion of the sale, the insider now owns 22,691 shares in the company, valued at approximately $639,432.38. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Pamela C. Stewart bought 3,850 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average cost of $25.99 per share, for a total transaction of $100,061.50. Following the purchase, the director now owns 6,336 shares of the company’s stock, valued at approximately $164,672.64. The trade was a 100.00 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 40,309 shares of company stock worth $1,131,254 over the last 90 days. 30.06% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Piper Sandler restated an “overweight” rating and set a $34.00 target price (up previously from $27.00) on shares of Byline Bancorp in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods lifted their target price on Byline Bancorp from $25.00 to $29.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. Finally, Stephens increased their price target on Byline Bancorp from $27.00 to $29.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th.

Byline Bancorp Company Profile

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.