Byline Bancorp (NYSE:BY – Get Free Report) released its earnings results on Friday. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.07, Yahoo Finance reports. Byline Bancorp had a return on equity of 13.54% and a net margin of 19.91%. The firm had revenue of $153.79 million for the quarter, compared to the consensus estimate of $97.35 million. During the same period in the prior year, the business posted $0.65 earnings per share.
Byline Bancorp Stock Down 0.4 %
Shares of NYSE:BY traded down $0.08 during mid-day trading on Monday, hitting $21.70. 286,318 shares of the company traded hands, compared to its average volume of 98,848. The firm has a market cap of $956.97 million, a P/E ratio of 7.95 and a beta of 1.14. 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 has a 52-week low of $16.40 and a 52-week high of $24.52. The firm’s 50 day simple moving average is $20.81 and its 200 day simple moving average is $21.20.
Byline Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 7th will be issued a $0.09 dividend. The ex-dividend date is Monday, May 6th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.66%. Byline Bancorp’s dividend payout ratio (DPR) is 13.19%.
Insider Activity at Byline Bancorp
Analysts Set New Price Targets
BY has been the topic of a number of research reports. Piper Sandler raised their price objective on Byline Bancorp from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Stephens cut their price objective on Byline Bancorp from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 3rd.
Check Out Our Latest Analysis on BY
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.
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