Equities research analysts forecast that Byline Bancorp Inc (NYSE:BY) will report earnings per share (EPS) of $0.34 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Byline Bancorp’s earnings. The lowest EPS estimate is $0.33 and the highest is $0.35. Byline Bancorp posted earnings per share of $0.21 during the same quarter last year, which suggests a positive year over year growth rate of 61.9%. The company is scheduled to announce its next earnings report after the market closes on Thursday, April 25th.

On average, analysts expect that Byline Bancorp will report full-year earnings of $1.62 per share for the current fiscal year, with EPS estimates ranging from $1.60 to $1.64. For the next financial year, analysts forecast that the company will report earnings of $1.78 per share, with EPS estimates ranging from $1.75 to $1.82. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Byline Bancorp.

Byline Bancorp (NYSE:BY) last released its quarterly earnings results on Thursday, January 24th. The company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.08. Byline Bancorp had a return on equity of 8.41% and a net margin of 15.93%. The company had revenue of $67.83 million during the quarter, compared to analysts’ expectations of $63.58 million.

A number of equities analysts have recently weighed in on the company. TheStreet raised Byline Bancorp from a “d+” rating to a “c-” rating in a report on Tuesday, February 19th. Zacks Investment Research raised Byline Bancorp from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Tuesday, February 12th. Bank of America downgraded Byline Bancorp from a “buy” rating to a “neutral” rating and set a $20.00 price objective for the company. in a research report on Thursday, January 10th. Finally, ValuEngine downgraded Byline Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $21.33.

NYSE BY opened at $18.98 on Wednesday. Byline Bancorp has a fifty-two week low of $15.39 and a fifty-two week high of $24.50. The firm has a market capitalization of $690.30 million, a PE ratio of 16.08, a P/E/G ratio of 1.17 and a beta of 1.04. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.66.

In other Byline Bancorp news, Director Robert R. Yohanan sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $20.06, for a total transaction of $80,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 45.13% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of BY. Legal & General Group Plc boosted its position in shares of Byline Bancorp by 22.5% in the fourth quarter. Legal & General Group Plc now owns 2,972 shares of the company’s stock worth $49,000 after buying an additional 546 shares during the period. Great West Life Assurance Co. Can purchased a new stake in shares of Byline Bancorp during the fourth quarter worth $52,000. Tower View Investment Management & Research LLC acquired a new position in Byline Bancorp during the fourth quarter worth $53,000. Advisor Group Inc. increased its position in Byline Bancorp by 6,390.0% during the fourth quarter. Advisor Group Inc. now owns 3,245 shares of the company’s stock worth $54,000 after buying an additional 3,195 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its position in Byline Bancorp by 365.2% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,745 shares of the company’s stock worth $96,000 after buying an additional 4,510 shares during the last quarter. 29.67% of the stock is owned by hedge funds and other institutional investors.

Byline Bancorp Company Profile

Byline Bancorp, Inc is a holding company, which engages in business through its subsidiary, Byline Bank, a full services commercial bank. It offers a broad range of banking products and service to small and medium sized businesses, commercial real estate and financial sponsors and to consumers in the branch areas.

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Earnings History and Estimates for Byline Bancorp (NYSE:BY)

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