Byline Bancorp (NYSE:BY – Get Free Report) posted its earnings results on Thursday. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05, Zacks reports. Byline Bancorp had a return on equity of 12.89% and a net margin of 19.42%. The business had revenue of $154.41 million during the quarter, compared to analyst estimates of $99.25 million. During the same quarter in the previous year, the firm earned $0.73 EPS.
Byline Bancorp Stock Performance
NYSE:BY traded up $0.40 during mid-day trading on Friday, reaching $29.12. The stock had a trading volume of 266,897 shares, compared to its average volume of 238,120. The firm has a 50 day moving average price of $24.15 and a two-hundred day moving average price of $22.43. The stock has a market capitalization of $1.28 billion, a P/E ratio of 10.67 and a beta of 1.14. Byline Bancorp has a one year low of $18.39 and a one year high of $29.49.
Byline Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Tuesday, August 6th will be given a $0.09 dividend. The ex-dividend date is Tuesday, August 6th. This represents a $0.36 dividend on an annualized basis and a yield of 1.24%. Byline Bancorp’s payout ratio is 13.19%.
Insider Buying and Selling
Wall Street Analyst Weigh In
BY has been the subject of several recent analyst reports. Hovde Group initiated coverage on Byline Bancorp in a report on Monday, May 20th. They set an “outperform” rating and a $27.50 price objective for the company. Stephens cut their price objective on Byline Bancorp from $26.00 to $25.00 and set an “equal weight” rating for the company in a report on Wednesday, April 3rd.
Read Our Latest Stock Analysis on Byline Bancorp
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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