Wall Street analysts expect that Byline Bancorp Inc (NYSE:BY) will report earnings of $0.41 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Byline Bancorp’s earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.40. Byline Bancorp reported earnings of $0.40 per share in the same quarter last year, which suggests a positive year over year growth rate of 2.5%. The company is expected to announce its next quarterly earnings report on Thursday, October 24th.
On average, analysts expect that Byline Bancorp will report full year earnings of $1.59 per share for the current year, with EPS estimates ranging from $1.55 to $1.64. For the next fiscal year, analysts expect that the business will report earnings of $1.67 per share, with EPS estimates ranging from $1.62 to $1.72. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Byline Bancorp.
Byline Bancorp (NYSE:BY) last issued its earnings results on Thursday, July 25th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Byline Bancorp had a return on equity of 9.69% and a net margin of 18.92%. The business had revenue of $68.63 million during the quarter, compared to the consensus estimate of $66.85 million.
Shares of BY opened at $17.67 on Friday. Byline Bancorp has a 52-week low of $15.39 and a 52-week high of $24.20. The firm has a market cap of $678.82 million, a P/E ratio of 14.97, a PEG ratio of 1.12 and a beta of 1.00. The business has a fifty day moving average of $18.66. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65.
Several large investors have recently modified their holdings of BY. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Byline Bancorp during the 1st quarter worth about $39,000. Legal & General Group Plc increased its position in shares of Byline Bancorp by 22.5% during the 4th quarter. Legal & General Group Plc now owns 2,972 shares of the company’s stock worth $49,000 after purchasing an additional 546 shares during the last quarter. Advisor Group Inc. increased its position in shares of Byline Bancorp by 6,390.0% during the 4th quarter. Advisor Group Inc. now owns 3,245 shares of the company’s stock worth $54,000 after purchasing an additional 3,195 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Byline Bancorp by 437.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,394 shares of the company’s stock worth $63,000 after purchasing an additional 2,763 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Byline Bancorp by 57.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,293 shares of the company’s stock worth $63,000 after purchasing an additional 1,199 shares during the last quarter. 29.43% of the stock is owned by hedge funds and other institutional investors.
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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