Byline Bancorp, Inc. (NYSE:BY – Get Free Report)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $35.52 and last traded at $35.4710, with a volume of 189927 shares trading hands. The stock had previously closed at $35.40.
Wall Street Analyst Weigh In
BY has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Byline Bancorp in a research note on Wednesday, May 13th. Piper Sandler boosted their price objective on shares of Byline Bancorp from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Finally, Zacks Research cut shares of Byline Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 27th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.00.
Check Out Our Latest Research Report on Byline Bancorp
Byline Bancorp Stock Performance
Byline Bancorp (NYSE:BY – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.09. Byline Bancorp had a net margin of 21.86% and a return on equity of 11.56%. The business had revenue of $112.40 million during the quarter, compared to analysts’ expectations of $113.89 million. As a group, analysts anticipate that Byline Bancorp, Inc. will post 3.28 earnings per share for the current year.
Byline Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 5th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Tuesday, May 5th. Byline Bancorp’s dividend payout ratio (DPR) is presently 15.64%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its stake in shares of Byline Bancorp by 99.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,095 shares of the company’s stock valued at $30,000 after purchasing an additional 546 shares in the last quarter. Clearstead Advisors LLC boosted its stake in shares of Byline Bancorp by 83.1% in the 4th quarter. Clearstead Advisors LLC now owns 1,578 shares of the company’s stock valued at $46,000 after purchasing an additional 716 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Byline Bancorp by 15.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the company’s stock valued at $69,000 after purchasing an additional 313 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Byline Bancorp by 58.3% in the 1st quarter. Royal Bank of Canada now owns 2,332 shares of the company’s stock valued at $73,000 after purchasing an additional 859 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Byline Bancorp by 1,572.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,860 shares of the company’s stock valued at $79,000 after purchasing an additional 2,689 shares in 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.
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