Byline Bancorp (NYSE:BY) released its quarterly earnings data on Thursday. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.02, Morningstar.com reports. Byline Bancorp had a return on equity of 8.97% and a net margin of 16.67%. The company had revenue of $68.63 million during the quarter, compared to analysts’ expectations of $66.85 million.
Shares of BY traded down $0.31 during mid-day trading on Friday, reaching $18.47. The company’s stock had a trading volume of 81,450 shares, compared to its average volume of 76,952. Byline Bancorp has a 1-year low of $15.39 and a 1-year high of $24.20. The stock has a market cap of $713.52 million, a PE ratio of 15.65, a P/E/G ratio of 1.18 and a beta of 1.00. The business’s 50-day moving average price is $18.91. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65.
In other news, Director William G. Kistner purchased 2,450 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was acquired at an average cost of $20.03 per share, with a total value of $49,073.50. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert R. Yohanan sold 10,000 shares of Byline Bancorp stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $20.12, for a total value of $201,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 4,750 shares of company stock valued at $94,969 and sold 16,799 shares valued at $335,170. Company insiders own 39.21% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in BY. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Byline Bancorp during the 1st quarter worth approximately $39,000. Legal & General Group Plc lifted its holdings in Byline Bancorp by 22.5% during the 4th quarter. Legal & General Group Plc now owns 2,972 shares of the company’s stock worth $49,000 after purchasing an additional 546 shares during the last quarter. Great West Life Assurance Co. Can acquired a new stake in Byline Bancorp during the 4th quarter worth approximately $52,000. Advisor Group Inc. lifted its holdings in Byline Bancorp by 6,390.0% during the 4th quarter. Advisor Group Inc. now owns 3,245 shares of the company’s stock worth $54,000 after purchasing an additional 3,195 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in Byline Bancorp by 437.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,394 shares of the company’s stock worth $63,000 after purchasing an additional 2,763 shares during the last quarter. 29.40% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research cut General Finance from a “buy” rating to a “hold” rating in a research report on Monday, July 15th.
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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