Byline Bancorp (NYSE:BY) Announces Quarterly Earnings Results

Byline Bancorp (NYSE:BY) released its quarterly earnings data on Friday. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07, Yahoo Finance reports. The firm had revenue of $153.79 million for the quarter, compared to analyst estimates of $97.35 million. Byline Bancorp had a net margin of 19.91% and a return on equity of 13.54%. During the same period last year, the firm earned $0.65 earnings per share.

Byline Bancorp Stock Performance

NYSE:BY traded down $0.08 during trading on Monday, reaching $21.70. The company’s stock had a trading volume of 286,318 shares, compared to its average volume of 98,848. Byline Bancorp has a 12 month low of $16.40 and a 12 month high of $24.52. The firm has a market cap of $956.97 million, a price-to-earnings ratio of 7.95 and a beta of 1.14. The firm has a 50 day moving average of $20.81 and a 200-day moving average of $21.20. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 7th will be given a $0.09 dividend. The ex-dividend date is Monday, May 6th. This represents a $0.36 annualized dividend and a yield of 1.66%. Byline Bancorp’s dividend payout ratio is currently 13.19%.

Insider Transactions at Byline Bancorp

In related news, Director Valle Perochena Antonio Del bought 7,103 shares of Byline Bancorp stock in a transaction dated Friday, March 1st. The stock was purchased at an average cost of $20.65 per share, with a total value of $146,676.95. Following the transaction, the director now directly owns 11,835,145 shares of the company’s stock, valued at $244,395,744.25. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Valle Perochena Antonio Del purchased 7,103 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was bought at an average price of $20.65 per share, for a total transaction of $146,676.95. Following the purchase, the director now owns 11,835,145 shares of the company’s stock, valued at $244,395,744.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Investors I. L.P. Mbg acquired 2,897 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was purchased at an average cost of $20.76 per share, with a total value of $60,141.72. Following the acquisition, the insider now owns 11,828,042 shares in the company, valued at approximately $245,550,151.92. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 10,585 shares of company stock worth $218,810 and have sold 28,409 shares worth $598,238. Company insiders own 35.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BY. Piper Sandler increased their price objective on Byline Bancorp from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Stephens lowered their price target on Byline Bancorp from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 3rd.

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.