Byline Bancorp (BY) Projected to Post Quarterly Earnings on Thursday

Byline Bancorp (NYSE:BY) is expected to be announcing its earnings results after the market closes on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.61 per share and revenue of $100,373.60 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Byline Bancorp Stock Up 0.7 %

Shares of NYSE:BY opened at $28.70 on Wednesday. Byline Bancorp has a fifty-two week low of $19.70 and a fifty-two week high of $32.89. The firm’s 50 day moving average price is $29.92 and its 200 day moving average price is $27.91. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 10.43 and a beta of 1.15.

Byline Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were issued a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.25%. Byline Bancorp’s payout ratio is 13.09%.

Byline Bancorp announced that its Board of Directors has initiated a share buyback program on Thursday, December 5th that allows the company to buyback 1,250,000 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

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

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.