Byline Bancorp Inc (NYSE:BY) – Research analysts at FIG Partners reduced their Q4 2018 earnings per share (EPS) estimates for shares of Byline Bancorp in a report released on Friday, October 26th. FIG Partners analyst B. Martin now forecasts that the company will post earnings per share of $0.34 for the quarter, down from their prior estimate of $0.35. FIG Partners also issued estimates for Byline Bancorp’s Q4 2019 earnings at $0.41 EPS.

Byline Bancorp (NYSE:BY) last released its quarterly earnings results on Friday, October 26th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.06. Byline Bancorp had a return on equity of 7.75% and a net margin of 10.15%. The firm had revenue of $63.74 million for the quarter, compared to analyst estimates of $62.82 million.

Other equities analysts have also issued research reports about the company. ValuEngine raised Byline Bancorp from a “hold” rating to a “buy” rating in a report on Monday, September 17th. Zacks Investment Research lowered Byline Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, July 3rd.

NYSE BY opened at $20.20 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.93 and a current ratio of 0.93. Byline Bancorp has a 52-week low of $18.85 and a 52-week high of $24.80. The stock has a market cap of $731.62 million, a P/E ratio of 17.26, a P/E/G ratio of 1.65 and a beta of -0.19.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its holdings in Byline Bancorp by 27.0% in the 1st quarter. Wells Fargo & Company MN now owns 11,843 shares of the company’s stock valued at $272,000 after purchasing an additional 2,515 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Byline Bancorp by 1.8% in the 1st quarter. Russell Investments Group Ltd. now owns 158,952 shares of the company’s stock valued at $3,645,000 after purchasing an additional 2,800 shares in the last quarter. Bank of America Corp DE boosted its holdings in Byline Bancorp by 5.0% in the 2nd quarter. Bank of America Corp DE now owns 72,360 shares of the company’s stock valued at $1,617,000 after purchasing an additional 3,414 shares in the last quarter. Strs Ohio boosted its holdings in Byline Bancorp by 11.7% in the 2nd quarter. Strs Ohio now owns 33,500 shares of the company’s stock valued at $748,000 after purchasing an additional 3,500 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in Byline Bancorp by 89.7% in the 1st quarter. New York State Common Retirement Fund now owns 11,000 shares of the company’s stock valued at $252,000 after purchasing an additional 5,200 shares in the last quarter. 26.36% of the stock is currently owned by institutional investors.

About Byline Bancorp

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.

Recommended Story: Average Daily Trade Volume – ADTV

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

Receive News & Ratings for Byline Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Byline Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.