Byline Bancorp (BY) Set to Announce Earnings on Thursday

Byline Bancorp (NYSE:BYGet Rating) is set to post its quarterly earnings results after the market closes on Thursday, January 26th. Analysts expect Byline Bancorp to post earnings of $0.59 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Byline Bancorp (NYSE:BYGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.06. The business had revenue of $80.87 million for the quarter, compared to analysts’ expectations of $79.13 million. Byline Bancorp had a return on equity of 11.70% and a net margin of 24.42%. On average, analysts expect Byline Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Byline Bancorp Price Performance

Shares of NYSE BY traded down $0.21 during mid-day trading on Tuesday, hitting $22.87. The company had a trading volume of 33,752 shares, compared to its average volume of 74,977. The company has a market capitalization of $856.85 million, a PE ratio of 10.49 and a beta of 1.16. Byline Bancorp has a 1-year low of $20.15 and a 1-year high of $28.50. The business’s 50-day simple moving average is $22.79 and its 200 day simple moving average is $22.64.

Insider Activity at Byline Bancorp

In other news, major shareholder Investors I. L.P. Mbg acquired 45,000 shares of the company’s stock in a transaction on Wednesday, December 7th. The shares were bought at an average price of $22.55 per share, with a total value of $1,014,750.00. Following the completion of the acquisition, the insider now owns 11,555,601 shares in the company, valued at approximately $260,578,802.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Investors I. L.P. Mbg acquired 43,478 shares of the company’s stock in a transaction on Monday, December 5th. The shares were bought at an average price of $22.52 per share, with a total value of $979,124.56. Following the completion of the acquisition, the insider now owns 11,510,601 shares in the company, valued at approximately $259,218,734.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Investors I. L.P. Mbg acquired 45,000 shares of the company’s stock in a transaction on Wednesday, December 7th. The shares were purchased at an average cost of $22.55 per share, for a total transaction of $1,014,750.00. Following the acquisition, the insider now owns 11,555,601 shares of the company’s stock, valued at approximately $260,578,802.55. The disclosure for this purchase can be found here. 35.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Byline Bancorp

Several hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in shares of Byline Bancorp by 16.0% during the first quarter. Renaissance Technologies LLC now owns 36,171 shares of the company’s stock worth $965,000 after buying an additional 5,000 shares during the period. Invesco Ltd. boosted its stake in shares of Byline Bancorp by 7.2% during the first quarter. Invesco Ltd. now owns 34,508 shares of the company’s stock worth $921,000 after buying an additional 2,324 shares during the period. Rhumbline Advisers boosted its stake in shares of Byline Bancorp by 16.7% during the second quarter. Rhumbline Advisers now owns 35,266 shares of the company’s stock worth $839,000 after buying an additional 5,039 shares during the period. Algert Global LLC boosted its stake in shares of Byline Bancorp by 5.9% during the third quarter. Algert Global LLC now owns 36,463 shares of the company’s stock worth $738,000 after buying an additional 2,025 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Byline Bancorp by 43.0% during the second quarter. Cubist Systematic Strategies LLC now owns 28,660 shares of the company’s stock worth $682,000 after buying an additional 8,624 shares during the period. Hedge funds and other institutional investors own 47.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Hovde Group reduced their price objective on Byline Bancorp to $28.00 in a research note on Tuesday, November 1st. Piper Sandler increased their target price on Byline Bancorp to $27.00 in a report on Friday, November 4th.

Byline Bancorp Company Profile

(Get Rating)

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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Earnings History for Byline Bancorp (NYSE:BY)

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