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

Byline Bancorp (NYSE:BY) is projected to announce its earnings results after the market closes on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.61 per share and revenue of $100,373.60 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Byline Bancorp Price Performance

Shares of BY stock opened at $28.46 on Tuesday. The stock’s fifty day simple moving average is $29.98 and its 200 day simple moving average is $27.87. Byline Bancorp has a one year low of $19.70 and a one year high of $32.89. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 10.35 and a beta of 1.15.

Byline Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were paid a $0.09 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.36 annualized dividend and a dividend yield of 1.26%. Byline Bancorp’s dividend payout ratio is presently 13.09%.

Byline Bancorp announced that its board has authorized a share buyback plan on Thursday, December 5th that allows the company to buyback 1,250,000 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

BY has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lifted their price target on Byline Bancorp from $29.00 to $33.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler reissued an “overweight” rating and set a $34.00 price target on shares of Byline Bancorp in a research note on Tuesday, October 29th.

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.