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

Byline Bancorp, Inc. (NYSE:BY) insider Dana Rose sold 2,421 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $39.00, for a total transaction of $94,419.00. Following the transaction, the insider directly owned 11,605 shares in the company, valued at $452,595. This trade represents a 17.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Byline Bancorp Price Performance

Shares of NYSE:BY traded up $0.40 during trading hours on Wednesday, hitting $39.18. The company’s stock had a trading volume of 150,549 shares, compared to its average volume of 244,378. The firm’s fifty day moving average price is $37.08 and its 200 day moving average price is $33.97. Byline Bancorp, Inc. has a 52 week low of $25.57 and a 52 week high of $40.03. The company 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:BY) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.12. The firm had revenue of $117.71 million for the quarter, compared to the consensus estimate of $115.78 million. Byline Bancorp had a net margin of 23.36% and a return on equity of 11.94%. On average, equities research analysts predict that Byline Bancorp, Inc. will post 3.35 earnings per share 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. Shareholders of record on Tuesday, August 4th will be issued a dividend of $0.14 per share. This is an increase from Byline Bancorp’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, August 4th. Byline Bancorp’s dividend payout ratio (DPR) is currently 16.92%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Raymond James Financial began coverage on Byline Bancorp in a report on Wednesday, July 8th. They issued a “market perform” rating on the stock. Piper Sandler raised their price objective on Byline Bancorp from $40.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Zacks Research downgraded Byline Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Hovde Group lifted their target price on Byline Bancorp from $39.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Byline Bancorp in a report on Friday. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $43.00.

Institutional Investors Weigh In On Byline Bancorp

Institutional investors have recently bought and sold shares of the company. Clearstead Advisors LLC grew its holdings in Byline Bancorp by 83.1% in the fourth 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 last quarter. Allworth Financial LP acquired a new position in shares of Byline Bancorp during the second quarter worth $61,000. Royal Bank of Canada lifted its holdings 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 valued at $73,000 after purchasing an additional 859 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings 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 valued at $69,000 after purchasing an additional 313 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position 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 worth $79,000 after purchasing an additional 2,689 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

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.