Wall Street analysts expect that Byline Bancorp Inc (NYSE:BY) will announce $63.58 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Byline Bancorp’s earnings, with estimates ranging from $62.75 million to $64.40 million. Byline Bancorp posted sales of $44.79 million during the same quarter last year, which suggests a positive year-over-year growth rate of 42%. The firm is expected to report its next quarterly earnings results after the market closes on Thursday, January 24th.

According to Zacks, analysts expect that Byline Bancorp will report full year sales of $225.35 million for the current fiscal year, with estimates ranging from $223.90 million to $226.80 million. For the next fiscal year, analysts expect that the business will report sales of $265.30 million, with estimates ranging from $259.50 million to $271.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Byline Bancorp.

Byline Bancorp (NYSE:BY) last released its earnings results on Friday, October 26th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.06. The company had revenue of $63.74 million during the quarter, compared to the consensus estimate of $62.82 million. Byline Bancorp had a return on equity of 7.32% and a net margin of 10.15%.

A number of equities analysts have recently commented on BY shares. ValuEngine downgraded Byline Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Zacks Investment Research raised Byline Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Wednesday, October 31st. TheStreet downgraded Byline Bancorp from a “c-” rating to a “d+” rating in a report on Monday, December 24th. Finally, Bank of America downgraded Byline Bancorp from a “buy” rating to a “neutral” rating and set a $20.00 price target for the company. in a report on Thursday, January 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $22.33.

In other Byline Bancorp news, Director Roberto R. Herencia purchased 9,040 shares of the stock in a transaction that occurred on Tuesday, December 11th. The stock was purchased at an average cost of $19.29 per share, with a total value of $174,381.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Donald J. Meyer sold 4,100 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $21.50, for a total value of $88,150.00. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 10,195 shares of company stock valued at $195,870 and sold 6,000 shares valued at $128,765. Corporate insiders own 45.13% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of BY. GFS Advisors LLC purchased a new stake in Byline Bancorp in the third quarter valued at approximately $46,278,000. Jennison Associates LLC lifted its stake in Byline Bancorp by 18.3% in the third quarter. Jennison Associates LLC now owns 1,651,816 shares of the company’s stock valued at $37,496,000 after buying an additional 255,626 shares during the last quarter. Vanguard Group Inc raised its stake in shares of Byline Bancorp by 24.0% during the third quarter. Vanguard Group Inc now owns 801,810 shares of the company’s stock worth $18,201,000 after purchasing an additional 155,365 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Byline Bancorp by 24.0% during the third quarter. Vanguard Group Inc. now owns 801,810 shares of the company’s stock worth $18,201,000 after purchasing an additional 155,365 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of Byline Bancorp by 10.4% during the second quarter. BlackRock Inc. now owns 827,148 shares of the company’s stock worth $18,480,000 after purchasing an additional 78,100 shares during the last quarter. Institutional investors own 35.46% of the company’s stock.

Shares of Byline Bancorp stock traded down $0.12 on Friday, reaching $17.54. 18,300 shares of the company were exchanged, compared to its average volume of 53,547. Byline Bancorp has a 1-year low of $15.39 and a 1-year high of $24.80. The company has a market cap of $647.80 million, a PE ratio of 33.62, a P/E/G ratio of 1.15 and a beta of 0.83. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.93 and a current ratio of 0.94.

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.

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Earnings History and Estimates for Byline Bancorp (NYSE:BY)

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