Byline Bancorp (NYSE:BY) Releases Earnings Results, Beats Expectations By $0.07 EPS

Byline Bancorp (NYSE:BY) posted its quarterly earnings results on Friday. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07, Yahoo Finance reports. The business had revenue of $153.79 million during the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $0.65 earnings per share.

Byline Bancorp Trading Down 0.4 %

Shares of Byline Bancorp stock traded down $0.08 during midday trading on Monday, reaching $21.70. The company had a trading volume of 286,318 shares, compared to its average volume of 98,848. The stock has a fifty day moving average price of $20.81 and a 200 day moving average price of $21.20. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.92 and a quick ratio of 0.91. The firm has a market cap of $956.97 million, a PE ratio of 7.95 and a beta of 1.14. Byline Bancorp has a fifty-two week low of $16.40 and a fifty-two week high of $24.52.

Byline Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 7th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Monday, May 6th. Byline Bancorp’s payout ratio is 13.19%.

Analysts Set New Price Targets

Several brokerages recently commented on BY. Piper Sandler increased their target price on shares of Byline Bancorp from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Stephens reduced their target price on shares of 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 Buying and Selling

In other Byline Bancorp news, President Alberto J. Paracchini sold 20,000 shares of Byline Bancorp stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $21.01, for a total value of $420,200.00. Following the completion of the sale, the president now directly owns 205,537 shares in the company, valued at $4,318,332.37. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, President Alberto J. Paracchini sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $21.01, for a total transaction of $420,200.00. Following the completion of the sale, the president now owns 205,537 shares in the company, valued at $4,318,332.37. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Valle Perochena Antonio Del acquired 7,103 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were purchased at an average price of $20.65 per share, with a total value of $146,676.95. Following the acquisition, the director now owns 11,835,145 shares of the company’s stock, valued at $244,395,744.25. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 10,585 shares of company stock valued at $218,810 and have sold 28,409 shares valued at $598,238. 35.04% of the stock is owned by insiders.

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.