NYSE:BY

Stock Analysis Report

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Executive Summary

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. More Details

Rewards

PE ratio (14.7x) is below the US market (19.3x)

Earnings are forecast to grow 9.05% per year

Risk Analysis

No risks detected for BY from our risk checks.


Snowflake Analysis

Flawless balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has Byline Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BY is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: BY's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

-4.7%

BY

-2.7%

US Banks

0.6%

US Market


1 Year Return

-13.5%

BY

-16.6%

US Banks

22.7%

US Market

Return vs Industry: BY exceeded the US Banks industry which returned -19.6% over the past year.

Return vs Market: BY underperformed the US Market which returned 21% over the past year.


Shareholder returns

BYIndustryMarket
7 Day-4.7%-2.7%0.6%
30 Day18.3%20.9%13.1%
90 Day24.8%17.0%4.5%
1 Year-12.6%-13.5%-13.6%-16.6%25.5%22.7%
3 Year-32.3%-32.9%-6.0%-13.8%49.0%39.1%
5 Yearn/a38.8%21.5%98.3%76.5%

Long-Term Price Volatility Vs. Market

How volatile is Byline Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Byline Bancorp undervalued compared to its fair value and its price relative to the market?

14.65x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BY ($15.54) is trading above our estimate of fair value ($13.29)

Significantly Below Fair Value: BY is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BY is poor value based on its PE Ratio (14.7x) compared to the US Banks industry average (11.3x).

PE vs Market: BY is good value based on its PE Ratio (14.7x) compared to the US market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: BY is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: BY is good value based on its PB Ratio (0.8x) compared to the US Banks industry average (0.9x).


Next Steps

Future Growth

How is Byline Bancorp forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

9.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BY's forecast earnings growth (9.1% per year) is above the savings rate (2.2%).

Earnings vs Market: BY's earnings (9.1% per year) are forecast to grow slower than the US market (21.9% per year).

High Growth Earnings: BY's earnings are forecast to grow, but not significantly.

Revenue vs Market: BY's revenue (1.3% per year) is forecast to grow slower than the US market (10.3% per year).

High Growth Revenue: BY's revenue (1.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BY's Return on Equity is forecast to be low in 3 years time (5.1%).


Next Steps

Past Performance

How has Byline Bancorp performed over the past 5 years?

7.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BY has high quality earnings.

Growing Profit Margin: BY's current net profit margins (18.2%) are lower than last year (22.9%).


Past Earnings Growth Analysis

Earnings Trend: BY's earnings have grown by 7.5% per year over the past 5 years.

Accelerating Growth: BY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BY had negative earnings growth (-30%) over the past year, making it difficult to compare to the Banks industry average (-4.1%).


Return on Equity

High ROE: BY's Return on Equity (5.2%) is considered low.


Next Steps

Financial Health

How is Byline Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BY's Assets to Equity ratio (8.2x) is low.

Allowance for Bad Loans: BY has a sufficient allowance for bad loans (142%).

Low Risk Liabilities: 84% of BY's liabilities are made up of primarily low risk sources of funding.

Loan Level: BY has an appropriate level of Loans to Assets ratio (66%).

Low Risk Deposits: BY's Loans to Deposits ratio (90%) is appropriate.

Level of Bad Loans: BY has an appropriate level of bad loans (1%).


Next Steps

Dividend

What is Byline Bancorp current dividend yield, its reliability and sustainability?

0.77%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BY's dividend (0.77%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.5%).

High Dividend: BY's dividend (0.77%) is low compared to the top 25% of dividend payers in the US market (4.18%).


Stability and Growth of Payments

Stable Dividend: BY is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: BY is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: BY is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BY's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.7yrs

Average management tenure


CEO

Alberto Paracchini (49 yo)

7.42yrs

Tenure

US$1,106,034

Compensation

Mr. Alberto J. Paracchini has served as President and CEO of Byline Bank since 2013. He has spent nearly 20 years in financial services. He previously served as the Head of Planning & Development of Midwes...


CEO Compensation Analysis

Compensation vs Market: Alberto's total compensation ($USD1.11M) is below average for companies of similar size in the US market ($USD1.80M).

Compensation vs Earnings: Alberto's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Alberto Paracchini
President7.42yrsUS$1.11m0.19%
$ 1.1m
Lindsay Corby
Executive VP & CFO5.33yrsUS$596.36k0.061%
$ 363.7k
Brogan Ptacin
Executive VP & Head of Commercial Banking1.83yrsUS$865.18k0.15%
$ 869.5k
Owen Beacom
0.25yrUS$969.08k0.091%
$ 543.0k
Tony Rossi
Investor Relations Contactno datano datano data
Donald Gibson
Executive VP & General Counsel1.42yrsno data0.015%
$ 89.3k
Timothy Hadro
1.33yrsUS$388.85k0.018%
$ 105.9k
Megan Biggam
Executive VP & Head of Retail Banking0.83yrno data0.016%
$ 95.7k
John Barkidjija
Executive VP & Head of Commercial Real Estate and Specialty Finance2.83yrsno data0.057%
$ 340.1k
Thomas Abraham
President of Small Business Capital1.5yrsno data0.11%
$ 639.7k
Ana Casanueva
Associate General Counsel & Secretary of the Boardno datano datano data
Thomas Bell
Senior VP & Corporate Treasurer of Byline Bank7.25yrsno data0.054%
$ 326.8k

1.7yrs

Average Tenure

55.5yo

Average Age

Experienced Management: BY's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Alberto Paracchini
President7.42yrsUS$1.11m0.19%
$ 1.1m
Roberto Herencia
Independent Chairman of the Board7.42yrsUS$817.94k0.28%
$ 1.7m
Steven Kent
Independent Director1.42yrsUS$43.75k0.40%
$ 2.4m
Antonio Del Valle Perochena
Independent Director7.42yrsUS$105.00k29.72%
$ 178.2m
Steven Rull
Independent Director4.08yrsUS$82.08k0.49%
$ 3.0m
Phillip Cabrera
Independent Director7.42yrsUS$120.00k0.033%
$ 198.9k
Robert Yohanan
Director2.5yrsUS$900.00k1.94%
$ 11.6m
William Kistner
Independent Director2.58yrsUS$85.00k0.013%
$ 77.7k
Mary Jo Herseth
Independent Director1.58yrsUS$59.17k0.0084%
$ 50.5k

4.1yrs

Average Tenure

67yo

Average Age

Experienced Board: BY's board of directors are considered experienced (4.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BY insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Byline Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Byline Bancorp, Inc.
  • Ticker: BY
  • Exchange: NYSE
  • Founded: 1978
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$599.594m
  • Shares outstanding: 38.58m
  • Website: https://www.bylinebancorp.com

Number of Employees


Location

  • Byline Bancorp, Inc.
  • 180 North LaSalle Street
  • Suite 300
  • Chicago
  • Illinois
  • 60601
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BYNYSE (New York Stock Exchange)YesCommon StockUSUSDJun 2017
BY *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNJun 2017
44FDB (Deutsche Boerse AG)YesCommon StockDEEURJun 2017

Biography

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 s...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/02 00:30
End of Day Share Price2020/12/01 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.