Byline Bancorp (NYSE:BY – Get Free Report) announced its quarterly earnings data on Friday. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.63 by $0.07, Yahoo Finance reports. Byline Bancorp had a return on equity of 13.54% and a net margin of 19.91%. The business had revenue of $153.79 million for the quarter, compared to the consensus estimate of $97.35 million. During the same period in the previous year, the business earned $0.65 earnings per share.
Byline Bancorp Trading Down 0.4 %
NYSE BY traded down $0.08 during trading hours on Monday, hitting $21.70. 286,318 shares of the company were exchanged, compared to its average volume of 98,848. The stock has a 50-day moving average price of $20.81 and a 200 day moving average price of $21.20. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. Byline Bancorp has a 52 week low of $16.40 and a 52 week high of $24.52. The stock has a market cap of $956.97 million, a PE ratio of 7.95 and a beta of 1.14.
Byline Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 7th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.36 annualized dividend and a yield of 1.66%. Byline Bancorp’s payout ratio is currently 13.19%.
Insiders Place Their Bets
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the company. Piper Sandler lifted their target price on Byline Bancorp from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Stephens reduced their target price on Byline Bancorp from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 3rd.
View Our Latest Analysis on BY
Byline Bancorp Company Profile
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.
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