Byline Bancorp, Inc. (NYSE:BY) is scheduled to report Q3 earnings results after markets close for trading on October 22, 2020.
The company is expected to report earnings of $0.21/share on revenue of $64.9 million. The consensus earnings per share (EPS) of $0.21/share is based on a poll of 5 analysts and represents a decline in eps of −49.8% over the same quarter last year, when the company reported earnings of $0.41/share.
The revenue forecast of $64.9 million based on a poll of 3 analysts implies a year-over-year (YoY) decline in revenue of −10.7%. Last year the company reported $72.644 million in revenue for the quarter.
| Metric | Expected | Prior Year | YoY Change |
|---|---|---|---|
| Revenue | $64.90 | $72.64 | −10.7% |
| EPS | $0.21 | $0.41 | −49.8% |
Earnings Call Trends
Historically, management has exceeded analyst expectations 7 out of the last 8 tracked quarters, and missed expectations 1 quarter.
What are your expectations from Byline Bancorp, Inc. for earnings this quarter? Let us know in the comments!
| Quarter | Expected | Reported | Surprise | Result |
|---|---|---|---|---|
| Q2, 2020 | $0.04 | $0.24 | 531.6% | Beat |
| Q1, 2020 | $0.27 | $0.09 | −66.7% | Missed |
| Q4, 2019 | $0.38 | $0.42 | 11.1% | Beat |
| Q3, 2019 | $0.40 | $0.41 | 1.7% | Beat |
| Q2, 2019 | $0.40 | $0.41 | 2.1% | Beat |
| Q1, 2019 | $0.34 | $0.38 | 11.8% | Beat |
| Q4, 2018 | $0.39 | $0.49 | 25.0% | Beat |
| Q3, 2018 | $0.34 | $0.40 | 17.6% | Beat |
In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report. After the last earnings report for the period ending June 30, 2020, the stock price reacted by increasing 7.3%.
| Report Date | Price Day Prior | Price Next Day | Change % | Result |
|---|---|---|---|---|
| July 23, 2020 | $12.64 | $13.56 | 7.3% | Increase |
| April 30, 2020 | $13.07 | $11.15 | −14.7% | Decline |
| January 23, 2020 | $20.51 | $20.25 | −1.3% | Decline |
| October 24, 2019 | $17.90 | $17.32 | −3.2% | Decline |
Fundamentals And Technical Analysis
Byline Bancorp, Inc. is currently trading at $13.28/share, up 1.8% for the day. The company is trading at approximately 64.1% of its 52-week high of $20.73/share. The company’s stock price is down −2.1% since the last earnings report and up 3.2% over the previous week.
The company’s 14 Day Relative Price Index (RSI) of 62.86 suggests the company is trading in technically neutral territory. The RSI is considered overbought when above 70 and oversold when below 30.
The current share price implies a price-to-earnings (P/E) multiple of 12.00 and a forward P/E multiple of 16.72.
Byline Bancorp, Inc.’s current share price also implies a price-to-book (P/B) multiple of 0.66. The following table summarizes some other key fundamental ratios:
| Metric | Value |
|---|---|
| Last Reported Fiscal Period Key | FY2020.Q2 |
| Period End Date | June 30, 2020 |
| Stock Price (Current) | $13.28 |
| P/E Ratio | 12.0x |
| P/E Ratio (Fwd) | 16.7x |
| PEG Ratio | −0.4 |
| Total Debt / Total Capital | 54.6% |
| Levered Free Cash Flow | $77.406 million |
| Price To Sales | 2.2x |
Byline Bancorp, Inc. is a small-cap stock with a market capitalization of $510.1 million. The company operates in the Financials sector and the Banks industry.
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. The company also provides commercial loan products and services, including term loans, revolving lines of credit, construction financing, and cash management products; small business administration loans; and small ticket equipment leasing services, as well as online, mobile, and direct banking services. It operates through 56 branch offices in Chicago metropolitan area; and 1 branch office in Brookfield, Wisconsin. The company was formerly known as Metropolitan Bank Group, Inc. and changed its name to Byline Bancorp, Inc. in 2015. Byline Bancorp, Inc. was incorporated in 1978 and is headquartered in Chicago, Illinois.
