Byline Bancorp (BY) Scheduled to Post Quarterly Earnings on Thursday

Byline Bancorp (NYSE:BY) will be releasing its earnings data after the market closes on Thursday, October 24th. Analysts expect Byline Bancorp to post earnings of $0.65 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Byline Bancorp (NYSE:BY) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.05. The business had revenue of $154.41 million for the quarter, compared to analysts’ expectations of $99.25 million. Byline Bancorp had a return on equity of 12.69% and a net margin of 19.42%. During the same quarter last year, the firm earned $0.73 earnings per share. On average, analysts expect Byline Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Byline Bancorp Trading Down 2.1 %

Byline Bancorp stock opened at $25.88 on Tuesday. The stock has a fifty day moving average price of $26.44 and a 200 day moving average price of $24.62. Byline Bancorp has a 52 week low of $18.39 and a 52 week high of $29.49. The firm has a market capitalization of $1.14 billion, a P/E ratio of 9.48 and a beta of 1.12.

Analyst Ratings Changes

Several research analysts have recently weighed in on BY shares. Keefe, Bruyette & Woods increased their price objective on shares of Byline Bancorp from $25.00 to $29.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. Stephens upped their price target on shares of Byline Bancorp from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $34.00 price target (up previously from $27.00) on shares of Byline Bancorp in a report on Wednesday, July 31st.

Insider Activity

In related news, insider John Barkidjija sold 27,009 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $28.18, for a total transaction of $761,113.62. Following the completion of the sale, the insider now owns 22,691 shares of the company’s stock, valued at approximately $639,432.38. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Pamela C. Stewart acquired 3,850 shares of Byline Bancorp stock in a transaction on Wednesday, August 7th. The shares were bought at an average price of $25.99 per share, for a total transaction of $100,061.50. Following the completion of the purchase, the director now directly owns 6,336 shares in the company, valued at $164,672.64. This trade represents a 100.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John Barkidjija sold 27,009 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $28.18, for a total value of $761,113.62. Following the completion of the sale, the insider now directly owns 22,691 shares of the company’s stock, valued at $639,432.38. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,309 shares of company stock valued at $1,131,254 in the last three months. Corporate insiders own 30.06% of the company’s stock.

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.