Byline Bancorp (NYSE:BY – Get Free Report) released its earnings results on Friday. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.07, Yahoo Finance reports. Byline Bancorp had a net margin of 19.91% and a return on equity of 13.54%. The firm had revenue of $153.79 million during the quarter, compared to analyst estimates of $97.35 million. During the same quarter in the previous year, the firm earned $0.65 earnings per share.
Byline Bancorp Stock Down 0.4 %
Shares of NYSE BY traded down $0.08 during trading hours on Monday, hitting $21.70. The stock had a trading volume of 286,318 shares, compared to its average volume of 98,848. The company has a market capitalization of $956.97 million, a P/E ratio of 8.12 and a beta of 1.14. The firm’s 50-day moving average price is $20.81 and its two-hundred day moving average price is $21.20. Byline Bancorp has a 52 week low of $16.40 and a 52 week high of $24.52. 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 Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Tuesday, May 7th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.36 annualized dividend and a dividend yield of 1.66%. Byline Bancorp’s payout ratio is 13.19%.
Insider Activity at Byline Bancorp
Wall Street Analyst Weigh In
BY has been the subject of several analyst reports. Piper Sandler boosted their price target on shares of Byline Bancorp from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Stephens reduced their price target 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.
View Our Latest Analysis on BY
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.
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