Byline Bancorp (NYSE:BY) posted its quarterly earnings results on Friday, October 26th. The company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.06, Fidelity Earnings reports. 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%.
NYSE BY traded down $0.12 during trading on Friday, reaching $21.73. The company’s stock had a trading volume of 101,313 shares, compared to its average volume of 51,601. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $795.73 million, a PE ratio of 41.79, a P/E/G ratio of 1.66 and a beta of 0.11. Byline Bancorp has a twelve month low of $18.85 and a twelve month high of $24.80.
A number of brokerages recently weighed in on BY. ValuEngine raised shares of Byline Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, September 17th. Zacks Investment Research raised shares of Byline Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Wednesday, October 31st.
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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.
Further Reading: Outstanding Shares and The Effect on Share Price
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