Byline Bancorp (BY) to Release Earnings on Thursday

Byline Bancorp (NYSE:BY) will likely be posting its quarterly earnings results after the market closes on Thursday, January 23rd. Analysts expect Byline Bancorp to post earnings of $0.61 per share and revenue of $100,373.60 billion for the quarter.

Byline Bancorp Trading Up 2.3 %

Shares of BY stock opened at $28.33 on Thursday. The firm’s 50 day moving average is $30.21 and its 200 day moving average is $27.75. The stock has a market capitalization of $1.26 billion, a P/E ratio of 10.30 and a beta of 1.15. Byline Bancorp has a 12 month low of $19.70 and a 12 month high of $32.89.

Byline Bancorp declared that its board has authorized a share buyback plan on Thursday, December 5th that authorizes the company to buyback 1,250,000 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Byline Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.09 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.36 dividend on an annualized basis and a yield of 1.27%. Byline Bancorp’s payout ratio is 13.09%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Byline Bancorp from $29.00 to $33.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler reiterated an “overweight” rating and issued a $34.00 target price on shares of Byline Bancorp in a research note on Tuesday, October 29th.

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.