Byline Bancorp (NYSE:BY) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Byline Bancorp (NYSE:BY) posted its quarterly earnings data 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 business had revenue of $153.79 million during the quarter, compared to analysts’ expectations of $97.35 million. During the same quarter in the previous year, the firm earned $0.65 EPS.

Byline Bancorp Stock Performance

Byline Bancorp stock 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 50-day moving average of $20.81 and a two-hundred day moving average of $21.20. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. The company has a market cap of $956.97 million, a PE ratio of 7.95 and a beta of 1.14. Byline Bancorp has a fifty-two week low of $16.40 and a fifty-two week high of $24.52.

Byline Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 7th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.36 annualized dividend and a yield of 1.66%. Byline Bancorp’s dividend payout ratio (DPR) is 13.19%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Piper Sandler boosted their price objective on Byline Bancorp from $27.00 to $28.00 and gave the stock an “overweight” rating in a research 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 for the company in a research report on Wednesday, April 3rd.

Insider Buying and Selling at Byline Bancorp

In other news, Director Valle Perochena Antonio Del purchased 7,103 shares of the business’s stock in a transaction on Friday, March 1st. The stock was purchased at an average price of $20.65 per share, with a total value of $146,676.95. Following the acquisition, the director now directly owns 11,835,145 shares in the company, valued at approximately $244,395,744.25. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In related news, major shareholder Investors I. L.P. Mbg acquired 2,897 shares of the stock in a transaction dated Thursday, February 29th. The shares were bought at an average cost of $20.76 per share, for a total transaction of $60,141.72. Following the purchase, the insider now owns 11,828,042 shares in the company, valued at approximately $245,550,151.92. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Valle Perochena Antonio Del acquired 7,103 shares of the stock in a transaction dated Friday, March 1st. The stock was bought at an average price of $20.65 per share, for a total transaction of $146,676.95. Following the completion of the purchase, the director now owns 11,835,145 shares in the company, valued at approximately $244,395,744.25. The disclosure for this purchase can be found here. In the last quarter, insiders bought 10,585 shares of company stock valued at $218,810 and sold 28,409 shares valued at $598,238. Insiders own 35.04% of the company’s stock.

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.