Byline Bancorp (NYSE:BY) Announces Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Byline Bancorp (NYSE:BY) released its earnings results on Friday. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.63 by $0.07, Yahoo Finance reports. The firm had revenue of $153.79 million during the quarter, compared to analysts’ expectations of $97.35 million. Byline Bancorp had a net margin of 19.91% and a return on equity of 13.54%. During the same period in the prior year, the company earned $0.65 EPS.

Byline Bancorp Trading Down 0.4 %

Shares of NYSE BY traded down $0.08 during mid-day trading on Monday, hitting $21.70. The company’s stock had a trading volume of 286,318 shares, compared to its average volume of 98,848. The stock has a market cap of $956.97 million, a price-to-earnings ratio of 7.95 and a beta of 1.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.92 and a quick ratio of 0.91. Byline Bancorp has a one year low of $16.40 and a one year high of $24.52. The company’s fifty day simple moving average is $20.81 and its 200-day simple moving average is $21.20.

Byline Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 7th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Monday, May 6th. Byline Bancorp’s dividend payout ratio (DPR) is presently 13.19%.

Insider Activity

In other news, Director Valle Perochena Antonio Del acquired 7,103 shares of Byline Bancorp stock in a transaction that occurred on Friday, March 1st. The shares were acquired at an average price of $20.65 per share, with a total value of $146,676.95. Following the purchase, the director now directly owns 11,835,145 shares of the company’s stock, valued at $244,395,744.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Valle Perochena Antonio Del acquired 7,103 shares of Byline Bancorp stock in a transaction that occurred on Friday, March 1st. The shares were acquired at an average price of $20.65 per share, with a total value of $146,676.95. Following the purchase, the director now directly owns 11,835,145 shares of the company’s stock, valued at $244,395,744.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Alberto J. Paracchini sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $21.01, for a total transaction of $420,200.00. Following the sale, the president now owns 205,537 shares in the company, valued at $4,318,332.37. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 10,585 shares of company stock valued at $218,810 and have sold 28,409 shares valued at $598,238. Insiders own 35.04% of the company’s stock.

Analyst Upgrades and Downgrades

BY has been the subject of a number of recent research reports. Stephens dropped their price objective on shares of Byline Bancorp from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 3rd. Piper Sandler increased their price objective on shares of Byline Bancorp from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th.

About Byline Bancorp

Byline Bancorp, Inc operates as the bank holding company for Byline Bank that provides various banking products and services for small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the United States. It offers various retail deposit products, including non-interest-bearing accounts, money market demand accounts, savings accounts, interest-bearing checking accounts, and time deposits; ATM and debit cards; and online, mobile, and text banking services, as well as commercial deposits.