Byline Bancorp Inc (BY) Expected to Post Earnings of $0.39 Per Share

Wall Street brokerages forecast that Byline Bancorp Inc (NYSE:BY) will report earnings of $0.39 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Byline Bancorp’s earnings, with estimates ranging from $0.35 to $0.42. Byline Bancorp reported earnings of $0.32 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 21.9%. The firm is scheduled to issue its next earnings report on Thursday, July 25th.

On average, analysts expect that Byline Bancorp will report full year earnings of $1.57 per share for the current financial year, with EPS estimates ranging from $1.40 to $1.64. For the next year, analysts forecast that the business will report earnings of $1.77 per share, with EPS estimates ranging from $1.74 to $1.82. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Byline Bancorp.

Byline Bancorp (NYSE:BY) last issued its earnings results on Thursday, April 25th. The company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.04. The firm had revenue of $62.07 million for the quarter, compared to analyst estimates of $61.70 million. Byline Bancorp had a return on equity of 9.11% and a net margin of 16.67%.

A number of equities research analysts recently commented on the company. TheStreet upgraded Byline Bancorp from a “d+” rating to a “c-” rating in a research report on Tuesday, February 19th. Zacks Investment Research lowered Byline Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $21.33.

In other Byline Bancorp news, insider Brogan Ptacin sold 5,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $19.92, for a total value of $109,560.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert R. Yohanan sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $20.12, for a total value of $201,200.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,645 shares of company stock worth $393,886. Insiders own 45.13% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Jennison Associates LLC lifted its position in shares of Byline Bancorp by 9.4% during the 1st quarter. Jennison Associates LLC now owns 1,819,407 shares of the company’s stock valued at $33,623,000 after buying an additional 156,259 shares in the last quarter. BlackRock Inc. lifted its position in shares of Byline Bancorp by 7.5% during the 1st quarter. BlackRock Inc. now owns 919,593 shares of the company’s stock valued at $16,994,000 after buying an additional 63,920 shares in the last quarter. Mendon Capital Advisors Corp lifted its position in shares of Byline Bancorp by 35.7% during the 4th quarter. Mendon Capital Advisors Corp now owns 859,365 shares of the company’s stock valued at $14,317,000 after buying an additional 225,898 shares in the last quarter. Vanguard Group Inc lifted its position in shares of Byline Bancorp by 24.0% during the 3rd quarter. Vanguard Group Inc now owns 801,810 shares of the company’s stock valued at $18,201,000 after buying an additional 155,365 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Byline Bancorp by 24.0% during the 3rd quarter. Vanguard Group Inc. now owns 801,810 shares of the company’s stock valued at $18,201,000 after buying an additional 155,365 shares in the last quarter. Institutional investors and hedge funds own 29.57% of the company’s stock.

Shares of NYSE BY opened at $19.95 on Friday. The company has a market capitalization of $719.85 million, a P/E ratio of 16.91, a PEG ratio of 1.26 and a beta of 1.09. Byline Bancorp has a 52 week low of $15.39 and a 52 week high of $24.50. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 0.94.

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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