Byline Bancorp (NYSE:BY) Director Valle Perochena Antonio Del Sells 300,000 Shares

Byline Bancorp, Inc. (NYSE:BYGet Free Report) Director Valle Perochena Antonio Del sold 300,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $39.10, for a total transaction of $11,730,000.00. Following the completion of the transaction, the director directly owned 11,535,145 shares of the company’s stock, valued at approximately $451,024,169.50. The trade was a 2.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Byline Bancorp Price Performance

Shares of BY stock traded up $0.31 during trading on Tuesday, reaching $38.76. The company’s stock had a trading volume of 154,553 shares, compared to its average volume of 244,996. Byline Bancorp, Inc. has a 1-year low of $25.57 and a 1-year high of $40.03. The stock’s 50-day moving average price is $36.98 and its 200 day moving average price is $33.92. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 11.71 and a beta of 0.71.

Byline Bancorp (NYSE:BYGet Free Report) last released its earnings results on Thursday, July 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.12. The company had revenue of $117.71 million for the quarter, compared to analyst estimates of $115.78 million. Byline Bancorp had a net margin of 23.36% and a return on equity of 11.94%. On average, sell-side analysts anticipate that Byline Bancorp, Inc. will post 3.35 EPS for the current fiscal year.

Byline Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 18th. Investors of record on Tuesday, August 4th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.4%. This is a boost from Byline Bancorp’s previous quarterly dividend of $0.12. The ex-dividend date is Tuesday, August 4th. Byline Bancorp’s dividend payout ratio (DPR) is 16.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BY shares. Keefe, Bruyette & Woods upped their price target on Byline Bancorp from $37.00 to $41.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. Raymond James Financial initiated coverage on Byline Bancorp in a research report on Wednesday, July 8th. They set a “market perform” rating for the company. Piper Sandler upped their target price on shares of Byline Bancorp from $40.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Stephens set a $40.00 target price on shares of Byline Bancorp in a report on Monday, July 27th. Finally, Hovde Group lifted their price target on shares of Byline Bancorp from $39.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Three research analysts have rated the stock with a Buy rating and three 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 price target of $43.00.

Check Out Our Latest Analysis on Byline Bancorp

Hedge Funds Weigh In On Byline Bancorp

Several large investors have recently bought and sold shares of BY. BlackRock Inc. purchased a new stake in Byline Bancorp during the 2nd quarter worth about $132,220,000. Assenagon Asset Management S.A. purchased a new position in shares of Byline Bancorp in the 1st quarter valued at about $7,176,000. Denali Advisors LLC acquired a new stake in shares of Byline Bancorp during the 2nd quarter worth about $6,987,000. Bank of New York Mellon Corp purchased a new stake in Byline Bancorp during the second quarter worth approximately $6,294,000. Finally, Qube Research & Technologies Ltd lifted its stake in Byline Bancorp by 56.2% during the third quarter. Qube Research & Technologies Ltd now owns 358,536 shares of the company’s stock worth $9,942,000 after purchasing an additional 129,032 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Byline Bancorp Company Profile

(Get Free Report)

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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