Byline Bancorp Inc (NYSE:BY) price is hovering lower on current market day and dropping -3.29% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $26.72. The company’s P/E ratio in the trailing 12-month period read 9.60. Taking into account the 52-week price action we note that the stock hit a 52-week high of $32.89 and 52-week low of $22.13. The stock subtracted -4.12% on its value in the past month.
Byline Bancorp Inc, which has a market valuation of $1.19 billion, is expected to release its quarterly earnings report in July. The company stock has a Forward Dividend ratio of 0.38, while the dividend yield is 1.47%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
On average, analysts have forecast the company’s revenue for the quarter will hit 106.94M, with the likely lows of 105.02M and highs of 108.1M. The average estimate suggests sales growth for the quarter will likely rise by 7.62% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of 428.67M for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 5.35% above that which the company brought in the current year earning report.
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The overview shows that BY’s price is at present -1.97% off the SMA20 and 0.65% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 46.42, with weekly volatility standing at 1.49%. The indicator jumps to 1.27% when calculated based on the past 30 days. Byline Bancorp Inc (NYSE:BY)’s beta value is holding at 0.85, while the average true range (ATR) indicator is currently reading 0.61. Considering analysts have assigned the stock a price target range of $32-$32 as the low and high respectively, we find the trailing 12-month average consensus price target to be $32. Based on this estimate, we see that today’s price at last check is roughly -23.84% off the estimated low and -23.84% off the forecast high. Investors will no doubt be excited to see the share price fall to $32, which is the median consensus price, and at that level BY would be -23.84% from recent price.
An analysis of the Byline Bancorp Inc (NYSE:BY) stock in terms of its daily trading volume indicates that the 3-month average is 160.67K.
Current records show that the company has 44.68M in outstanding shares. The insiders’ percentage holdings are 43.02% of outstanding shares while the percentage share held by institutions stands at 43.68%. But the -10.90% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
