Byline Bancorp, Inc. (BY) To Go Ex-Dividend on May 6th

Byline Bancorp, Inc. (NYSE:BY) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Investors of record on Tuesday, May 7th will be paid a dividend of 0.09 per share on Tuesday, May 21st. This represents a $0.36 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Monday, May 6th.

Byline Bancorp has raised its dividend payment by an average of 44.2% annually over the last three years. Byline Bancorp has a dividend payout ratio of 14.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Byline Bancorp to earn $2.54 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 14.2%.

Byline Bancorp Stock Up 2.1 %

NYSE:BY traded up $0.48 during trading hours on Friday, reaching $23.28. The company’s stock had a trading volume of 97,299 shares, compared to its average volume of 92,955. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.92 and a quick ratio of 0.91. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 8.53 and a beta of 1.12. Byline Bancorp has a one year low of $16.40 and a one year high of $24.52. The business’s 50-day moving average is $20.94 and its 200-day moving average is $21.27.

Byline Bancorp (NYSE:BY) last posted its quarterly earnings results on Friday, April 26th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.07. The company had revenue of $153.79 million for the quarter, compared to analyst estimates of $97.35 million. Byline Bancorp had a net margin of 19.91% and a return on equity of 13.54%. During the same period last year, the business posted $0.65 EPS. Equities research analysts predict that Byline Bancorp will post 2.59 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Stephens decreased their price target on Byline Bancorp from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 3rd. Piper Sandler raised their target price on Byline Bancorp from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th.

Insider Buying and Selling

In related news, Director Ana Casanueva sold 1,500 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $21.54, for a total value of $32,310.00. Following the sale, the director now directly owns 2,131 shares in the company, valued at approximately $45,901.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Byline Bancorp news, Director Valle Perochena Antonio Del purchased 7,103 shares of the stock in a transaction on Friday, March 1st. The stock was bought at an average cost of $20.65 per share, for a total transaction of $146,676.95. Following the completion of the acquisition, the director now directly owns 11,835,145 shares of the company’s stock, valued at $244,395,744.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ana Casanueva sold 1,500 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $21.54, for a total value of $32,310.00. Following the sale, the director now directly owns 2,131 shares in the company, valued at approximately $45,901.74. The disclosure for this sale can be found here. Over the last three months, insiders purchased 10,585 shares of company stock valued at $218,810 and sold 28,409 shares valued at $598,238. 35.04% of the stock is owned by insiders.

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.