Byline Asset Turnover vs Book Value per Share Analysis

BY Stock

USD 20.72 0.64 3.19%

Byline Bancorp financial indicator trend analysis is way more than just evaluating Byline Bancorp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Byline Bancorp is a good investment. Please check the relationship between Byline Bancorp Asset Turnover and its Book Value Per Share accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Byline Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.

For more information on how to buy Byline Stock please use our How to Invest in Byline Bancorp guide.

Asset Turnover vs Book Value Per Share

Asset Turnover vs Book Value per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Byline Bancorp Asset Turnover account and Book Value per Share. At this time, the significance of the direction appears to have strong relationship.

The correlation between Byline Bancorp's Asset Turnover and Book Value per Share is 0.78. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Book Value per Share in the same time period over historical financial statements of Byline Bancorp, assuming nothing else is changed. The correlation between historical values of Byline Bancorp's Asset Turnover and Book Value per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Byline Bancorp are associated (or correlated) with its Book Value per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value per Share has no effect on the direction of Asset Turnover i.e., Byline Bancorp's Asset Turnover and Book Value per Share go up and down completely randomly.

Correlation Coefficient

0.78

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Most indicators from Byline Bancorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Byline Bancorp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Byline Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.

For more information on how to buy Byline Stock please use our How to Invest in Byline Bancorp guide.At this time, Byline Bancorp's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 1.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 95.1 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Income	248.9M	301.6M	437.2M	246.5M
Net Interest Income	236.4M	265.3M	320.4M	210.5M

Interest Income Net Interest Income

Byline Bancorp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse	Inventory
Total Assets		0.89	0.55	0.55	0.97	-0.82	0.96	-0.88	0.81	0.93	0.6	0.94	0.61	0.6	-0.13	0.79	0.16	0.94	0.97	-0.79	0.96	0.86	0.81	0.7	0.92	-0.77
Short Long Term Debt Total	0.89		0.29	0.29	0.94	-0.74	0.96	-0.9	0.99	0.82	0.37	0.74	0.36	0.4	-0.08	0.67	0.37	0.81	0.92	-0.8	0.91	0.77	0.62	0.57	0.92	-0.54
Other Current Liab	0.55	0.29		1.0	0.47	-0.45	0.41	-0.42	0.2	0.74	0.99	0.57	1.0	0.97	-0.15	0.33	-0.66	0.52	0.45	-0.35	0.48	0.38	0.75	0.89	0.38	-0.94
Total Current Liabilities	0.55	0.29	1.0		0.47	-0.45	0.41	-0.42	0.2	0.74	0.99	0.57	1.0	0.97	-0.15	0.33	-0.66	0.52	0.45	-0.35	0.48	0.38	0.75	0.89	0.38	-0.94
Total Stockholder Equity	0.97	0.94	0.47	0.47		-0.79	1.0	-0.86	0.88	0.89	0.54	0.86	0.54	0.57	-0.1	0.68	0.22	0.85	0.99	-0.84	0.98	0.84	0.7	0.72	0.97	-0.68
Other Liab	-0.82	-0.74	-0.45	-0.45	-0.79		-0.78	0.76	-0.7	-0.81	-0.48	-0.67	-0.53	-0.46	0.63	-0.68	-0.33	-0.78	-0.81	0.66	-0.86	-0.95	-0.72	-0.59	-0.73	0.67
Net Tangible Assets	0.96	0.96	0.41	0.41	1.0	-0.78		-0.88	0.91	0.86	0.47	0.84	0.48	0.51	-0.1	0.69	0.29	0.85	0.98	-0.85	0.97	0.83	0.68	0.67	0.97	-0.63
Property Plant And Equipment Net	-0.88	-0.9	-0.42	-0.42	-0.86	0.76	-0.88		-0.84	-0.9	-0.47	-0.84	-0.48	-0.5	0.13	-0.88	-0.25	-0.89	-0.84	0.75	-0.85	-0.75	-0.85	-0.56	-0.83	0.68
Net Debt	0.81	0.99	0.2	0.2	0.88	-0.7	0.91	-0.84		0.73	0.27	0.61	0.27	0.31	-0.11	0.56	0.43	0.72	0.86	-0.76	0.85	0.71	0.51	0.51	0.87	-0.43
Retained Earnings	0.93	0.82	0.74	0.74	0.89	-0.81	0.86	-0.9	0.73		0.79	0.88	0.79	0.79	-0.19	0.77	-0.07	0.89	0.87	-0.73	0.89	0.77	0.93	0.82	0.82	-0.92
Accounts Payable	0.6	0.37	0.99	0.99	0.54	-0.48	0.47	-0.47	0.27	0.79		0.62	0.99	0.97	-0.09	0.37	-0.63	0.57	0.52	-0.41	0.54	0.4	0.77	0.88	0.44	-0.95
Cash	0.94	0.74	0.57	0.57	0.86	-0.67	0.84	-0.84	0.61	0.88	0.62		0.62	0.61	0.06	0.86	0.03	0.93	0.86	-0.71	0.84	0.73	0.86	0.62	0.82	-0.78
Non Current Assets Total	0.61	0.36	1.0	1.0	0.54	-0.53	0.48	-0.48	0.27	0.79	0.99	0.62		0.97	-0.19	0.39	-0.59	0.58	0.52	-0.42	0.55	0.47	0.79	0.92	0.44	-0.96
Non Currrent Assets Other	0.6	0.4	0.97	0.97	0.57	-0.46	0.51	-0.5	0.31	0.79	0.97	0.61	0.97		-0.1	0.36	-0.62	0.57	0.52	-0.5	0.55	0.4	0.76	0.92	0.5	-0.93
Other Assets	-0.13	-0.08	-0.15	-0.15	-0.1	0.63	-0.1	0.13	-0.11	-0.19	-0.09	0.06	-0.19	-0.1		-0.13	-0.22	-0.14	-0.1	0.04	-0.2	-0.5	-0.18	-0.2	-0.03	0.2
Long Term Debt	0.79	0.67	0.33	0.33	0.68	-0.68	0.69	-0.88	0.56	0.77	0.37	0.86	0.39	0.36	-0.13		0.26	0.89	0.68	-0.53	0.68	0.68	0.86	0.34	0.63	-0.61
Cash And Short Term Investments	0.16	0.37	-0.66	-0.66	0.22	-0.33	0.29	-0.25	0.43	-0.07	-0.63	0.03	-0.59	-0.62	-0.22	0.26		0.12	0.27	-0.25	0.28	0.43	-0.16	-0.39	0.28	0.42
Net Receivables	0.94	0.81	0.52	0.52	0.85	-0.78	0.85	-0.89	0.72	0.89	0.57	0.93	0.58	0.57	-0.14	0.89	0.12		0.84	-0.68	0.84	0.78	0.86	0.58	0.8	-0.77
Good Will	0.97	0.92	0.45	0.45	0.99	-0.81	0.98	-0.84	0.86	0.87	0.52	0.86	0.52	0.52	-0.1	0.68	0.27	0.84		-0.84	0.99	0.86	0.69	0.68	0.96	-0.67
Common Stock Total Equity	-0.79	-0.8	-0.35	-0.35	-0.84	0.66	-0.85	0.75	-0.76	-0.73	-0.41	-0.71	-0.42	-0.5	0.04	-0.53	-0.25	-0.68	-0.84		-0.87	-0.7	-0.56	-0.57	-0.94	0.54
Common Stock Shares Outstanding	0.96	0.91	0.48	0.48	0.98	-0.86	0.97	-0.85	0.85	0.89	0.54	0.84	0.55	0.55	-0.2	0.68	0.28	0.84	0.99	-0.87		0.9	0.71	0.7	0.96	-0.69
Short Term Investments	0.86	0.77	0.38	0.38	0.84	-0.95	0.83	-0.75	0.71	0.77	0.4	0.73	0.47	0.4	-0.5	0.68	0.43	0.78	0.86	-0.7	0.9		0.67	0.59	0.78	-0.6
Long Term Debt Total	0.81	0.62	0.75	0.75	0.7	-0.72	0.68	-0.85	0.51	0.93	0.77	0.86	0.79	0.76	-0.18	0.86	-0.16	0.86	0.69	-0.56	0.71	0.67		0.7	0.62	-0.91
Non Current Liabilities Total	0.7	0.57	0.89	0.89	0.72	-0.59	0.67	-0.56	0.51	0.82	0.88	0.62	0.92	0.92	-0.2	0.34	-0.39	0.58	0.68	-0.57	0.7	0.59	0.7		0.63	-0.87
Capital Surpluse	0.92	0.92	0.38	0.38	0.97	-0.73	0.97	-0.83	0.87	0.82	0.44	0.82	0.44	0.5	-0.03	0.63	0.28	0.8	0.96	-0.94	0.96	0.78	0.62	0.63		-0.59
Inventory	-0.77	-0.54	-0.94	-0.94	-0.68	0.67	-0.63	0.68	-0.43	-0.92	-0.95	-0.78	-0.96	-0.93	0.2	-0.61	0.42	-0.77	-0.67	0.54	-0.69	-0.6	-0.91	-0.87	-0.59

Click cells to compare fundamentals

Byline Bancorp Account Relationship Matchups

Byline Bancorp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.5B	6.4B	6.7B	7.4B	9.0B	6.0B
Short Long Term Debt Total	527.3M	757.7M	630.1M	751.4M	553.8M	549.4M
Other Current Liab	(3.7M)	(1.5M)	(262K)	(4.5M)	6.0B	6.3B
Total Current Liabilities	3.7M	1.5M	262K	4.5M	6.4B	6.7B
Total Stockholder Equity	750.1M	805.5M	836.4M	765.8M	990.2M	712.3M
Other Liab	43.9M	46.1M	1.4M	4.2M	3.8M	3.6M
Net Tangible Assets	559.4M	622.4M	660.4M	606.9M	698.0M	510.8M
Property Plant And Equipment Net	96.1M	86.7M	62.5M	56.8M	79.1M	70.4M
Net Debt	446.6M	674.3M	472.2M	572.1M	327.6M	427.3M
Retained Earnings	159.0M	191.1M	271.7M	335.8M	429.0M	450.5M
Accounts Payable	3.7M	1.5M	262K	4.5M	22.2M	23.3M
Cash	80.7M	83.4M	157.9M	179.4M	226.1M	122.1M
Non Current Assets Total	1.5B	1.7B	1.7B	1.4B	8.7B	9.1B
Non Currrent Assets Other	(59.4M)	(59.9M)	(60.3M)	(108.7M)	8.0B	8.4B
Other Assets	2.5B	2.7B	2.9B	4.0B	3.6B	3.0B
Long Term Debt	37.3M	109.8M	630.1M	751.4M	487.7M	263.2M
Cash And Short Term Investments	1.3B	1.5B	1.6B	1.4B	226.1M	214.8M
Net Receivables	236.9M	443.4M	474.8M	717.2M	736.8M	407.3M
Common Stock Total Equity	379K	384K	387K	389K	350.1K	332.6K
Common Stock Shares Outstanding	38.0M	38.3M	38.4M	37.5M	40.4M	37.2M
Short Term Investments	1.2B	1.4B	1.5B	1.2B	1.3B	1.1B
Long Term Debt Total	37.3M	109.8M	630.1M	751.4M	864.1M	907.3M
Liabilities And Stockholders Equity	5.5B	6.4B	6.7B	7.4B	9.0B	6.0B
Non Current Liabilities Total	527.3M	757.7M	630.1M	4.5M	1.6B	1.7B
Capital Surpluse	581.0M	587.2M	593.8M	598.3M	688.0M	453.9M
Inventory	(119.3M)	(123.5M)	(188.1M)	(382.1M)	(963.0M)	(914.8M)
Other Current Assets	119.3M	123.5M	188.1M	222.6M	275.7M	262.0M
Other Stockholder Equity	581.0M	585.5M	562.2M	547.2M	660.8M	473.9M
Total Liab	4.8B	5.6B	5.9B	6.6B	8.0B	5.3B
Long Term Investments	1.2B	5.7B	1.5B	1.2B	1.4B	1.8B
Property Plant And Equipment Gross	96.1M	86.7M	107.3M	102.8M	112.5M	111.9M
Total Current Assets	1.5B	2.0B	2.1B	1.9B	275.7M	262.0M
Accumulated Other Comprehensive Income	(700K)	18.0M	(8.3M)	(117.6M)	(100.1M)	(95.1M)
Short Term Debt	539.6M	276.0M	524.0M	643.8M	369.4M	343.5M
Intangible Assets	31.9M	24.3M	17.2M	10.5M	21.8M	17.6M
Common Stock	379K	384K	387K	389K	451K	428.5K
Property Plant Equipment	96.1M	86.7M	62.5M	56.8M	51.1M	71.2M

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Byline Bancorp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Byline Bancorp's short interest history, or implied volatility extrapolated from Byline Bancorp options trading.

Pair Trading with Byline Bancorp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Byline Bancorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Byline Bancorp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Byline Stock

0.81	AX	Axos Financial Financial Report 25th of April 2024	Pair Corr
0.84	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr

Moving against Byline Stock

0.69	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.62	WF	Woori Financial Group Financial Report 21st of May 2024	Pair Corr
0.61	TECTP	Tectonic Financial	Pair Corr
0.51	VBFC	Village Bank	Pair Corr
0.49	CFG-PD	Citizens Financial	Pair Corr

The ability to find closely correlated positions to Byline Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Byline Bancorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Byline Bancorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Byline Bancorp to buy it.

The correlation of Byline Bancorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Byline Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Byline Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Byline Bancorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Byline Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Byline Bancorp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Byline Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Byline Bancorp Stock:

How To Invest In Byline

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Is Byline Stock a good investment?

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What is Byline Bancorp's Net Worth?

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Largest Regional Banks Companies

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Largest Banks - Regional Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Byline Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.

For more information on how to buy Byline Stock please use our How to Invest in Byline Bancorp guide.

You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

Complementary Tools for Byline Stock analysis

When running Byline Bancorp's price analysis, check to measure Byline Bancorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Byline Bancorp is operating at the current time. Most of Byline Bancorp's value examination focuses on studying past and present price action to predict the probability of Byline Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Byline Bancorp's price. Additionally, you may evaluate how the addition of Byline Bancorp to your portfolios can decrease your overall portfolio volatility.

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Is Byline Bancorp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Byline Bancorp. If investors know Byline will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Byline Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.13

Dividend Share

0.36

Earnings Share

2.67

Revenue Per Share

8.822

Quarterly Revenue Growth

0.164

The market value of Byline Bancorp is measured differently than its book value, which is the value of Byline that is recorded on the company's balance sheet. Investors also form their own opinion of Byline Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Byline Bancorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Byline Bancorp's market value can be influenced by many factors that don't directly affect Byline Bancorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Byline Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Byline Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Byline Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Byline Asset Turnover vs Book Value per Share Analysis

Asset Turnover vs Book Value Per Share

Asset Turnover vs Book Value per Share Correlation Analysis

Correlation Coefficient

Asset Turnover

Book Value Per Share

Byline Bancorp fundamental ratios Correlations

Byline Bancorp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Byline Bancorp fundamental ratios Accounts

Pair Trading with Byline Bancorp

Moving together with Byline Stock

Moving against Byline Stock

Complementary Tools for Byline Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Liabilities	+ 1.0	Other Current Liab
Non Current Assets Total	+ 1.0	Other Current Liab
Non Current Assets Total	+ 1.0	Total Current Liabilities
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Net Debt	+ 0.99	Short Long Term Debt Total
Accounts Payable	+ 0.99	Other Current Liab

Inventory	- 0.96	Non Current Assets Total
Inventory	- 0.95	Accounts Payable
Short Term Investments	- 0.95	Other Liab
Capital Surpluse	- 0.94	Common Stock Total Equity
Inventory	- 0.94	Total Current Liabilities
Inventory	- 0.94	Other Current Liab