Byline Bancorp, Inc. (NYSE:BY) Announces Quarterly Dividend of $0.14

Byline Bancorp, Inc. (NYSE:BY) declared a quarterly dividend on Thursday, July 23rd. Investors of record on Tuesday, August 4th will be given a dividend of 0.14 per share on Tuesday, August 18th. This represents a c) annualized dividend and a dividend yield of 1.5%. 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 increased its dividend by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Byline Bancorp has a dividend payout ratio of 17.5% indicating that its dividend is sufficiently covered by earnings. 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 $0.48 annual dividend with an expected future payout ratio of 14.2%.

Byline Bancorp Stock Down 0.3%

Byline Bancorp stock opened at $37.62 on Friday. The firm has a fifty day simple moving average of $35.47 and a two-hundred day simple moving average of $33.16. Byline Bancorp has a twelve month low of $25.38 and a twelve month high of $38.88. The company has a market capitalization of $1.71 billion, a PE ratio of 12.26 and a beta of 0.72.

Byline Bancorp (NYSE:BY) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.12. Byline Bancorp had a return on equity of 11.56% and a net margin of 21.86%.The firm had revenue of $117.71 million for the quarter, compared to analysts’ expectations of $115.78 million. As a group, equities analysts expect that Byline Bancorp will post 3.28 earnings per share for the current fiscal year.

About Byline Bancorp

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.