Analysts Expect Byline Bancorp Inc (BY) Will Post Earnings of $0.35 Per Share

Analysts expect that Byline Bancorp Inc (NYSE:BY) will post earnings per share (EPS) of $0.35 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Byline Bancorp’s earnings. The lowest EPS estimate is $0.33 and the highest is $0.38. Byline Bancorp posted earnings per share of $0.21 during the same quarter last year, which would indicate a positive year-over-year growth rate of 66.7%. The company is expected to announce its next earnings report on Thursday, April 25th.

On average, analysts expect that Byline Bancorp will report full-year earnings of $1.62 per share for the current year, with EPS estimates ranging from $1.60 to $1.64. For the next financial year, analysts expect that the business will post earnings of $1.78 per share, with EPS estimates ranging from $1.75 to $1.82. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Byline Bancorp.

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

A number of equities analysts recently issued reports on the stock. TheStreet downgraded shares of Byline Bancorp from a “c-” rating to a “d+” rating in a report on Monday, December 24th. Zacks Investment Research downgraded shares of Byline Bancorp from a “buy” rating to a “hold” rating in a report on Monday, December 31st. ValuEngine downgraded shares of Byline Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Finally, Bank of America downgraded shares of Byline Bancorp from a “buy” rating to a “neutral” rating and set a $20.00 price objective on the stock. in a report on Thursday, January 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $21.33.

In other Byline Bancorp news, Director Robert R. Yohanan sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $20.06, for a total transaction of $80,240.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 45.13% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GFS Advisors LLC bought a new stake in shares of Byline Bancorp during the third quarter valued at approximately $46,278,000. Jennison Associates LLC grew its holdings 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 purchasing an additional 11,332 shares in the last quarter. Mendon Capital Advisors Corp grew its holdings in shares of Byline Bancorp by 35.7% in the fourth quarter. Mendon Capital Advisors Corp now owns 859,365 shares of the company’s stock valued at $14,317,000 after purchasing an additional 225,898 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Byline Bancorp by 2.0% in the fourth quarter. BlackRock Inc. now owns 855,673 shares of the company’s stock valued at $14,255,000 after purchasing an additional 16,721 shares in the last quarter. Finally, Vanguard Group Inc grew its holdings in shares of Byline Bancorp by 24.0% in the third quarter. Vanguard Group Inc now owns 801,810 shares of the company’s stock valued at $18,201,000 after purchasing an additional 155,365 shares in the last quarter. Institutional investors own 29.67% of the company’s stock.

Shares of NYSE BY traded up $0.58 during trading on Monday, reaching $19.06. 89,012 shares of the company traded hands, compared to its average volume of 59,253. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.66. The company has a market cap of $672.12 million, a PE ratio of 16.03, a PEG ratio of 1.14 and a beta of 1.04. Byline Bancorp has a 52-week low of $15.39 and a 52-week high of $24.50.

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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