Byline Bancorp, Inc. (BY) to Distribute Quarterly Dividend of $0.14 on August 18th

Byline Bancorp, Inc. (NYSE:BY) declared a quarterly dividend on Tuesday, July 21st. Stockholders of record on Tuesday, August 4th will be paid a dividend of 0.14 per share on Tuesday, August 18th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, August 4th. This is a 16.7% increase from Byline Bancorp’s previous quarterly dividend of $0.12.

Byline Bancorp has raised its dividend by an average of 0.3%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Byline Bancorp has a dividend payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Byline Bancorp to earn $3.39 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 16.5%.

Byline Bancorp Trading Up 0.1%

BY opened at $39.27 on Friday. The firm’s 50-day moving average price is $36.24 and its 200 day moving average price is $33.52. The firm has a market capitalization of $1.78 billion, a PE ratio of 11.86 and a beta of 0.72. Byline Bancorp has a twelve month low of $25.38 and a twelve month high of $39.51.

Byline Bancorp (NYSE:BY) last posted its earnings results on Thursday, July 23rd. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.12. The company had revenue of $117.71 million for the quarter, compared to analyst estimates of $115.78 million. Byline Bancorp had a net margin of 23.36% and a return on equity of 11.94%. As a group, analysts predict that Byline Bancorp will post 3.32 earnings per share for the current fiscal year.

Byline Bancorp Company Profile

Byline Bancorp, Inc is the bank holding company for Byline Bank, a full-service commercial bank headquartered in Chicago, Illinois. Established under its current name in 2016, the company operates as a community-focused financial institution offering a broad array of banking products and services to corporate, professional and consumer clients.

On the commercial banking side, Byline Bancorp serves small and midsize businesses, real estate developers, professional services firms and nonprofit organizations.