Wall Street brokerages expect that Byline Bancorp Inc (NYSE:BY) will post earnings per share (EPS) of $0.39 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Byline Bancorp’s earnings. The lowest EPS estimate is $0.35 and the highest is $0.42. Byline Bancorp reported earnings per share of $0.32 during the same quarter last year, which would suggest a positive year-over-year growth rate of 21.9%. The company is expected to report its next quarterly earnings report on Thursday, July 25th.
On average, analysts expect that Byline Bancorp will report full-year earnings of $1.57 per share for the current financial year, with EPS estimates ranging from $1.40 to $1.64. For the next year, analysts expect that the firm will post earnings of $1.77 per share, with EPS estimates ranging from $1.74 to $1.82. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that cover Byline Bancorp.
Byline Bancorp (NYSE:BY) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.04. The company had revenue of $62.07 million during the quarter, compared to the consensus estimate of $61.70 million. Byline Bancorp had a net margin of 16.67% and a return on equity of 8.97%.
Several brokerages recently weighed in on BY. TheStreet raised shares of Byline Bancorp from a “d+” rating to a “c-” rating in a research report on Tuesday, February 19th. Zacks Investment Research downgraded shares of Byline Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Byline Bancorp presently has a consensus rating of “Hold” and an average target price of $21.33.
In related news, Director Mary Jo S. Herseth bought 2,250 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was acquired at an average price of $19.96 per share, with a total value of $44,910.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert R. Yohanan sold 10,000 shares of Byline Bancorp stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $20.12, for a total transaction of $201,200.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,734 shares of company stock valued at $395,601. 45.13% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the business. Jennison Associates LLC grew its position in shares of Byline Bancorp by 9.4% during the 1st quarter. Jennison Associates LLC now owns 1,819,407 shares of the company’s stock valued at $33,623,000 after acquiring an additional 156,259 shares during the period. BlackRock Inc. grew its position in shares of Byline Bancorp by 7.5% during the 1st quarter. BlackRock Inc. now owns 919,593 shares of the company’s stock valued at $16,994,000 after acquiring an additional 63,920 shares during the period. Mendon Capital Advisors Corp grew its position in shares of Byline Bancorp by 35.7% during the 4th quarter. Mendon Capital Advisors Corp now owns 859,365 shares of the company’s stock valued at $14,317,000 after acquiring an additional 225,898 shares during the period. Vanguard Group Inc grew its position in shares of Byline Bancorp by 24.0% during the 3rd quarter. Vanguard Group Inc now owns 801,810 shares of the company’s stock valued at $18,201,000 after acquiring an additional 155,365 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Byline Bancorp by 24.0% during the 3rd quarter. Vanguard Group Inc. now owns 801,810 shares of the company’s stock valued at $18,201,000 after acquiring an additional 155,365 shares during the period. 28.93% of the stock is owned by institutional investors and hedge funds.
Shares of BY traded down $0.19 on Friday, hitting $19.30. 33,800 shares of the stock traded hands, compared to its average volume of 64,119. The company has a market capitalization of $740.13 million, a P/E ratio of 16.36, a price-to-earnings-growth ratio of 1.24 and a beta of 1.09. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. Byline Bancorp has a one year low of $15.39 and a one year high of $24.50.
About Byline Bancorp
Byline Bancorp, Inc operates as the bank holding company for Byline Bank that provides a range of banking products and services to small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the United States. It offers non-interest bearing accounts, money market demand accounts, savings accounts, interest bearing checking accounts, and time deposits, as well as certificates of deposit.
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