Analysts expect Byline Bancorp Inc (NYSE:BY) to report $66.67 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Byline Bancorp’s earnings, with estimates ranging from $65.00 million to $69.30 million. Byline Bancorp reported sales of $72.64 million during the same quarter last year, which indicates a negative year over year growth rate of 8.2%. The business is scheduled to issue its next quarterly earnings results on Thursday, October 22nd.
According to Zacks, analysts expect that Byline Bancorp will report full year sales of $265.05 million for the current year, with estimates ranging from $262.00 million to $268.10 million. For the next year, analysts forecast that the company will post sales of $255.20 million, with estimates ranging from $251.20 million to $258.40 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Byline Bancorp.
Byline Bancorp (NYSE:BY) last posted its quarterly earnings data on Friday, July 24th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.04 by $0.20. Byline Bancorp had a return on equity of 6.00% and a net margin of 14.00%. The business had revenue of $65.40 million for the quarter, compared to the consensus estimate of $62.10 million.
Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Byline Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. ValuEngine downgraded Byline Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Piper Sandler upped their price objective on Byline Bancorp from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Finally, TheStreet raised Byline Bancorp from a “d” rating to a “c” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $18.33.
In other Byline Bancorp news, CFO Lindsay Y. Corby sold 2,285 shares of Byline Bancorp stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $12.73, for a total value of $29,088.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Owen Beacom sold 13,647 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $13.78, for a total value of $188,055.66. Following the completion of the sale, the insider now owns 34,941 shares of the company’s stock, valued at approximately $481,486.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 112,600 shares of company stock worth $1,481,612. 37.36% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of BY. Strs Ohio raised its position in Byline Bancorp by 19.6% during the 1st quarter. Strs Ohio now owns 40,900 shares of the company’s stock valued at $424,000 after purchasing an additional 6,700 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Byline Bancorp in the first quarter worth $177,000. Monarch Partners Asset Management LLC purchased a new stake in Byline Bancorp in the first quarter worth $538,000. Aperio Group LLC purchased a new position in Byline Bancorp during the 1st quarter valued at $131,000. Finally, GFS Advisors LLC purchased a new position in Byline Bancorp during the 1st quarter valued at $21,141,000. Institutional investors own 36.45% of the company’s stock.
Shares of BY traded up $0.19 during mid-day trading on Thursday, hitting $12.78. The stock had a trading volume of 32,200 shares, compared to its average volume of 50,763. Byline Bancorp has a 52 week low of $8.13 and a 52 week high of $20.73. The firm has a market cap of $490.91 million, a P/E ratio of 11.51, a PEG ratio of 1.38 and a beta of 1.45. The business has a fifty day moving average price of $13.10 and a 200-day moving average price of $12.57.
Byline Bancorp Company Profile
Byline Bancorp, Inc operates as the bank holding company for Byline Bank that provides a range of banking products and services to small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the United States. It offers non-interest bearing accounts, money market demand accounts, savings accounts, interest bearing checking accounts, and time deposits, as well as certificates of deposit.
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