Wall Street brokerages predict that Byline Bancorp Inc (NYSE:BY) will post sales of $63.68 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Byline Bancorp’s earnings, with the highest sales estimate coming in at $64.60 million and the lowest estimate coming in at $62.75 million. Byline Bancorp posted sales of $44.79 million during the same quarter last year, which would suggest a positive year over year growth rate of 42.2%. The business is scheduled to issue its next quarterly earnings results on Thursday, January 24th.
On average, analysts expect that Byline Bancorp will report full year sales of $225.45 million for the current financial year, with estimates ranging from $223.90 million to $227.00 million. For the next fiscal year, analysts expect that the business will report sales of $266.30 million, with estimates ranging from $259.50 million to $273.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Byline Bancorp.
Byline Bancorp (NYSE:BY) last posted its quarterly earnings data on Friday, October 26th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.06. The business had revenue of $63.74 million during the quarter, compared to the consensus estimate of $62.82 million. Byline Bancorp had a net margin of 10.15% and a return on equity of 7.75%.
Several analysts recently issued reports on the stock. ValuEngine raised shares of Byline Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Zacks Investment Research raised shares of Byline Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Wednesday, October 31st.
NYSE BY opened at $21.73 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.69. The firm has a market cap of $795.73 million, a P/E ratio of 18.78, a PEG ratio of 1.66 and a beta of 0.11. Byline Bancorp has a 1 year low of $18.85 and a 1 year high of $24.80.
Several hedge funds and other institutional investors have recently bought and sold shares of BY. Wells Fargo & Company MN boosted its holdings in shares of Byline Bancorp by 27.0% during the 1st quarter. Wells Fargo & Company MN now owns 11,843 shares of the company’s stock worth $272,000 after buying an additional 2,515 shares during the period. Northern Trust Corp raised its stake in Byline Bancorp by 112.6% during the 1st quarter. Northern Trust Corp now owns 149,062 shares of the company’s stock valued at $3,418,000 after purchasing an additional 78,935 shares during the last quarter. BlackRock Inc. raised its stake in Byline Bancorp by 146.5% during the 1st quarter. BlackRock Inc. now owns 749,048 shares of the company’s stock valued at $17,175,000 after purchasing an additional 445,172 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Byline Bancorp by 109.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 13,221 shares of the company’s stock valued at $304,000 after purchasing an additional 6,913 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in Byline Bancorp by 145.0% during the 1st quarter. California State Teachers Retirement System now owns 25,579 shares of the company’s stock valued at $587,000 after purchasing an additional 15,138 shares during the last quarter. 26.40% of the stock is owned by institutional investors and hedge funds.
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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