Byline Bancorp, Inc. to Issue Quarterly Dividend of $0.12 (NYSE:BY)

Byline Bancorp, Inc. (NYSE:BY) declared a quarterly dividend on Thursday, April 23rd. Stockholders of record on Tuesday, May 5th will be paid a dividend of 0.12 per share on Tuesday, May 19th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, May 5th.

Byline Bancorp has raised its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend every year for the last 1 years. Byline Bancorp has a dividend payout ratio of 17.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Byline Bancorp to earn $3.18 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 15.1%.

Byline Bancorp Stock Performance

NYSE:BY opened at $33.14 on Friday. Byline Bancorp has a 1-year low of $24.75 and a 1-year high of $34.33. The stock has a market cap of $1.50 billion, a P/E ratio of 11.51 and a beta of 0.81. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a 50-day moving average of $31.96 and a two-hundred day moving average of $30.14.

Byline Bancorp (NYSE:BY) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.09. The firm had revenue of $112.40 million for the quarter, compared to the consensus estimate of $113.89 million. Byline Bancorp had a net margin of 20.54% and a return on equity of 11.19%. On average, research analysts expect that Byline Bancorp will post 3.09 earnings per share for the current fiscal year.

Institutional Trading of Byline Bancorp

Large investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. bought a new position in shares of Byline Bancorp in the first quarter valued at $7,176,000. JPMorgan Chase & Co. grew its holdings in shares of Byline Bancorp by 31.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 588,359 shares of the company’s stock worth $16,315,000 after acquiring an additional 140,219 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Byline Bancorp by 56.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 358,536 shares of the company’s stock worth $9,942,000 after acquiring an additional 129,032 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Byline Bancorp by 64.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 276,181 shares of the company’s stock worth $8,051,000 after purchasing an additional 108,492 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in shares of Byline Bancorp by 16.7% during the fourth quarter. Federated Hermes Inc. now owns 573,652 shares of the company’s stock valued at $16,722,000 after purchasing an additional 82,142 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

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.