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

Byline Bancorp, Inc. (NYSE:BY) Director Valle Perochena Antonio Del sold 300,000 shares of the company’s stock in a transaction 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 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 sale was disclosed in a filing with the SEC, which is available at the SEC website.

Byline Bancorp Trading Up 0.8%

NYSE:BY traded up $0.31 during midday trading on Tuesday, hitting $38.76. 154,553 shares of the company were exchanged, compared to its average volume of 244,996. The company has a fifty day simple moving average of $36.98 and a 200 day simple moving average of $33.92. Byline Bancorp, Inc. has a fifty-two week low of $25.57 and a fifty-two week high of $40.03. The company has a market capitalization of $1.76 billion, a PE ratio of 11.71 and a beta of 0.71.

Byline Bancorp (NYSE:BY) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.91 earnings per share for the quarter, beating 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 firm had revenue of $117.71 million during the quarter, compared to analysts’ expectations of $115.78 million. As a group, equities research analysts expect that Byline Bancorp, Inc. will post 3.35 EPS for the current year.

Byline Bancorp Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BY shares. Raymond James Financial initiated coverage on Byline Bancorp in a research note on Wednesday, July 8th. They set a “market perform” rating on the stock. Zacks Research cut Byline Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Byline Bancorp in a report on Wednesday, May 13th. Stephens set a $40.00 target price on shares of Byline Bancorp in a research report on Monday, July 27th. Finally, Hovde Group lifted their target price on shares of Byline Bancorp from $39.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.00.

Hedge Funds Weigh In On Byline Bancorp

Institutional investors have recently added to or reduced their stakes in the stock. Clearstead Advisors LLC raised its stake in Byline Bancorp by 83.1% during the 4th quarter. Clearstead Advisors LLC now owns 1,578 shares of the company’s stock valued at $46,000 after acquiring an additional 716 shares during the last quarter. Royal Bank of Canada grew 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 during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Byline Bancorp by 15.1% in the fourth 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 during the period. Russell Investments Group Ltd. raised 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 worth $79,000 after purchasing an additional 2,689 shares during the last quarter. Finally, New York State Teachers Retirement System grew its position in Byline Bancorp by 16.1% in the 4th quarter. New York State Teachers Retirement System now owns 2,864 shares of the company’s stock valued at $83,000 after buying an additional 398 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Byline Bancorp Company Profile

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.