Byline Bancorp (NYSE:BY) Insider Dana Rose Sells 2,421 Shares of Stock

Byline Bancorp, Inc. (NYSE:BYGet Free Report) insider Dana Rose sold 2,421 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $39.00, for a total transaction of $94,419.00. Following the completion of the sale, the insider directly owned 11,605 shares in the company, valued at approximately $452,595. This represents a 17.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Byline Bancorp Trading Up 1.0%

Shares of BY stock traded up $0.40 during trading hours on Wednesday, reaching $39.18. 150,549 shares of the stock were exchanged, compared to its average volume of 244,378. Byline Bancorp, Inc. has a 12-month low of $25.57 and a 12-month high of $40.03. The company’s 50-day moving average price is $37.08 and its 200-day moving average price is $33.97. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 11.84 and a beta of 0.71.

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

Byline Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 18th. Investors of record on Tuesday, August 4th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, August 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Byline Bancorp’s previous quarterly dividend of $0.12. Byline Bancorp’s dividend payout ratio is 16.92%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BY shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Byline Bancorp in a research report on Friday. Stephens set a $40.00 target price on shares of Byline Bancorp in a research note on Monday, July 27th. Piper Sandler upped their price target on shares of Byline Bancorp from $40.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Hovde Group raised 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. Finally, Raymond James Financial started coverage on shares of Byline Bancorp in a research note on Wednesday, July 8th. They issued a “market perform” rating on the stock. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Byline Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Read Our Latest Analysis on BY

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Clearstead Advisors LLC increased its holdings in Byline Bancorp by 83.1% during the 4th quarter. Clearstead Advisors LLC now owns 1,578 shares of the company’s stock worth $46,000 after purchasing an additional 716 shares during the period. Allworth Financial LP purchased a new stake in shares of Byline Bancorp in the 2nd quarter worth $61,000. Parkside Financial Bank & Trust grew its position in shares of Byline Bancorp by 15.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the company’s stock worth $69,000 after buying an additional 313 shares in the last quarter. Royal Bank of Canada grew its position in shares of Byline Bancorp by 58.3% during the 1st quarter. Royal Bank of Canada now owns 2,332 shares of the company’s stock worth $73,000 after buying an additional 859 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Byline Bancorp by 1,572.5% during the third quarter. Russell Investments Group Ltd. now owns 2,860 shares of the company’s stock valued at $79,000 after buying an additional 2,689 shares during the period. 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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Insider Buying and Selling by Quarter for Byline Bancorp (NYSE:BY)

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