Byline Bancorp (BY) Announces Earnings Results

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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.

An institutional investor recently raised its position in Byline Bancorp stock. Bank of New York Mellon Corp lifted its position in shares of Byline Bancorp Inc (NYSE:BY) by 20.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,150 shares of the company’s stock after acquiring an additional 9,679 shares during the quarter. Bank of New York Mellon Corp owned 0.16% of Byline Bancorp worth $1,277,000 at the end of the most recent quarter. 26.40% of the stock is owned by institutional investors and hedge funds.

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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

Earnings History for Byline Bancorp (NYSE:BY)

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