Byline Bancorp (BY) Scheduled to Post Quarterly Earnings on Thursday

Byline Bancorp (NYSE:BY) is scheduled to be announcing its earnings results after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $0.65 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Byline Bancorp (NYSE:BY) last released its earnings results on Thursday, July 25th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05. Byline Bancorp had a return on equity of 12.69% and a net margin of 19.42%. The business had revenue of $154.41 million for the quarter, compared to analyst estimates of $99.25 million. During the same quarter in the previous year, the company posted $0.73 earnings per share. On average, analysts expect Byline Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Byline Bancorp Price Performance

Shares of NYSE BY opened at $25.88 on Tuesday. The company has a market cap of $1.14 billion, a PE ratio of 9.48 and a beta of 1.12. The stock has a fifty day moving average price of $26.44 and a 200 day moving average price of $24.62. Byline Bancorp has a 1-year low of $18.39 and a 1-year high of $29.49.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BY shares. Piper Sandler reaffirmed an “overweight” rating and issued a $34.00 target price (up previously from $27.00) on shares of Byline Bancorp in a report on Wednesday, July 31st. Keefe, Bruyette & Woods boosted their target price on Byline Bancorp from $25.00 to $29.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th. Finally, Stephens lifted their price target on Byline Bancorp from $27.00 to $29.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th.

Insider Buying and Selling

In other Byline Bancorp news, insider John Barkidjija sold 27,009 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $28.18, for a total value of $761,113.62. Following the completion of the transaction, the insider now directly owns 22,691 shares of the company’s stock, valued at approximately $639,432.38. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Brogan Ptacin sold 11,812 shares of Byline Bancorp stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $27.65, for a total transaction of $326,601.80. Following the completion of the transaction, the insider now owns 25,588 shares of the company’s stock, valued at $707,508.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider John Barkidjija sold 27,009 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $28.18, for a total transaction of $761,113.62. Following the completion of the sale, the insider now directly owns 22,691 shares in the company, valued at approximately $639,432.38. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,309 shares of company stock valued at $1,131,254. Corporate insiders own 30.06% of the company’s stock.

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.