Byline Bancorp (NYSE:BY) Announces Earnings Results, Beats Estimates By $0.05 EPS

Byline Bancorp (NYSE:BY) released its earnings results on Thursday. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05, Zacks reports. The firm had revenue of $154.41 million during the quarter, compared to analyst estimates of $99.25 million. Byline Bancorp had a return on equity of 12.89% and a net margin of 19.42%. During the same period last year, the business posted $0.73 earnings per share.

Byline Bancorp Trading Up 1.4 %

Shares of Byline Bancorp stock traded up $0.40 on Friday, hitting $29.12. The stock had a trading volume of 266,897 shares, compared to its average volume of 238,120. Byline Bancorp has a 52-week low of $18.39 and a 52-week high of $29.49. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 10.67 and a beta of 1.14. The company’s 50 day moving average price is $24.15 and its 200 day moving average price is $22.43.

Byline Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 6th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Tuesday, August 6th. Byline Bancorp’s dividend payout ratio (DPR) is 13.19%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Hovde Group assumed coverage on Byline Bancorp in a report on Monday, May 20th. They set an “outperform” rating and a $27.50 price target for the company. Stephens decreased their price target on Byline Bancorp from $26.00 to $25.00 and set an “equal weight” rating for the company in a report on Wednesday, April 3rd.

Insider Activity

In other news, insider John Barkidjija sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $22.64, for a total value of $226,400.00. Following the completion of the sale, the insider now directly owns 30,691 shares of the company’s stock, valued at approximately $694,844.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 30.06% of the company’s stock.

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.