Byline Bancorp, Inc. (NYSE:BY – Get Free Report) announced a quarterly dividend on Thursday, October 22nd. Stockholders of record on Tuesday, November 3rd will be given a dividend of $0.14 per share on Tuesday, November 17th. This represents a $0.56 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, November 3rd.
Byline Bancorp has increased its dividend payment by an average of 0.3% per year over the last three years and has raised its dividend every year for the last 1 years. Byline Bancorp has a payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Byline Bancorp to earn $3.50 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 16.0%.
Byline Bancorp Trading Up 1.5%
BY opened at $37.95 on Friday. The business has a 50 day moving average of $37.75 and a 200-day moving average of $36.18. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 11.47 and a beta of 0.73. Byline Bancorp has a 1-year low of $26.39 and a 1-year high of $40.03.
Byline Bancorp (NYSE:BY – Get Free Report) last announced its earnings results on Thursday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.12. The business had revenue of $121.01 million for the quarter, compared to analyst estimates of $116.88 million. Byline Bancorp had a net margin of 23.36% and a return on equity of 11.84%. Equities analysts predict that Byline Bancorp will post 3.39 EPS for the current year.
Byline Bancorp Company Profile
Byline Bancorp, Inc is the bank holding company for Byline Bank, a full-service commercial bank headquartered in Chicago, Illinois. The company focuses on serving small and mid-sized businesses, entrepreneurs, commercial real estate investors and consumers through a relationship-based banking model.
Byline Bank offers commercial and industrial lending, commercial real estate financing, small business and SBA loans, business checking and savings accounts, treasury management, and other cash-management services.
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