Byline Bancorp, Inc. (BY) to Issue Quarterly Dividend of $0.14 on November 17th

Byline Bancorp, Inc. (NYSE:BY) declared a quarterly dividend on Tuesday, October 6th. Investors of record on Tuesday, November 3rd will be paid 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 raised its dividend payment by an average of 0.3% annually over the last three years and has increased 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 analysts expect Byline Bancorp to earn $3.59 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 15.6%.

Byline Bancorp Stock Performance

Shares of BY stock opened at $38.49 on Friday. Byline Bancorp has a fifty-two week low of $26.39 and a fifty-two week high of $40.03. The firm has a market cap of $1.74 billion, a P/E ratio of 11.22 and a beta of 0.73. The business’s 50 day moving average price is $37.72 and its 200-day moving average price is $34.98.

Byline Bancorp (NYSE:BY) last announced its earnings results on Thursday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.12. The firm had revenue of $121.01 million for the quarter, compared to analyst estimates of $116.88 million. Byline Bancorp had a net margin of 24.06% and a return on equity of 12.04%. As a group, equities analysts predict that Byline Bancorp will post 3.48 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.