Byline Bancorp Inc (BY) Expected to Announce Quarterly Sales of $61.70 Million

Equities research analysts expect that Byline Bancorp Inc (NYSE:BY) will post sales of $61.70 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Byline Bancorp’s earnings, with the highest sales estimate coming in at $61.80 million and the lowest estimate coming in at $61.60 million. Byline Bancorp posted sales of $45.12 million during the same quarter last year, which would indicate a positive year over year growth rate of 36.7%. The firm is scheduled to issue its next quarterly earnings report on Thursday, April 25th.

On average, analysts expect that Byline Bancorp will report full-year sales of $272.70 million for the current financial year, with estimates ranging from $269.70 million to $275.70 million. For the next financial year, analysts forecast that the business will post sales of $288.25 million, with estimates ranging from $285.30 million to $291.20 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Byline Bancorp.

Byline Bancorp (NYSE:BY) last posted its quarterly earnings results on Thursday, January 24th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.08. The business had revenue of $67.83 million for the quarter, compared to analyst estimates of $63.58 million. Byline Bancorp had a return on equity of 8.41% and a net margin of 15.93%.

A number of equities analysts recently commented on BY shares. TheStreet upgraded Byline Bancorp from a “d+” rating to a “c-” rating in a report on Tuesday, February 19th. Zacks Investment Research upgraded Byline Bancorp from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday, February 12th. Bank of America cut Byline Bancorp from a “buy” rating to a “neutral” rating and set a $20.00 price target for the company. in a report on Thursday, January 10th. Finally, ValuEngine cut Byline Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Byline Bancorp has an average rating of “Hold” and an average target price of $21.33.

BY stock traded down $0.16 during midday trading on Wednesday, hitting $18.48. 154,382 shares of the company’s stock were exchanged, compared to its average volume of 54,324. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The firm has a market cap of $677.94 million, a PE ratio of 15.66, a P/E/G ratio of 1.15 and a beta of 1.07. Byline Bancorp has a one year low of $15.39 and a one year high of $24.50.

In other news, Director Robert R. Yohanan sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $20.06, for a total transaction of $80,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 45.13% of the company’s stock.

Large investors have recently modified their holdings of the company. GFS Advisors LLC bought a new stake in shares of Byline Bancorp in the third quarter valued at approximately $46,278,000. Wells Fargo & Company MN boosted its stake in shares of Byline Bancorp by 23.3% in the third quarter. Wells Fargo & Company MN now owns 23,212 shares of the company’s stock valued at $527,000 after buying an additional 4,384 shares during the period. Trust Department MB Financial Bank N A bought a new stake in shares of Byline Bancorp in the fourth quarter valued at approximately $106,000. Bank of New York Mellon Corp boosted its stake in shares of Byline Bancorp by 12.6% in the third quarter. Bank of New York Mellon Corp now owns 64,358 shares of the company’s stock valued at $1,461,000 after buying an additional 7,208 shares during the period. Finally, Jennison Associates LLC boosted its stake in shares of Byline Bancorp by 0.7% in the fourth quarter. Jennison Associates LLC now owns 1,663,148 shares of the company’s stock valued at $27,708,000 after buying an additional 11,332 shares during the period. Institutional investors own 29.67% of the company’s stock.

About Byline Bancorp

Byline Bancorp, Inc operates as the bank holding company for Byline Bank that provides a range of banking products and services to small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the United States. It offers non-interest bearing accounts, money market demand accounts, savings accounts, interest bearing checking accounts, and time deposits, as well as certificates of deposit.

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Earnings History and Estimates for Byline Bancorp (NYSE:BY)

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