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 that occurred on Wednesday, August 12th. The stock was 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 of the company’s stock, valued at approximately $452,595. This trade represents a 17.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Byline Bancorp Stock Performance

BY stock opened at $39.18 on Thursday. The stock’s 50 day moving average price is $37.21 and its 200 day moving average price is $34.02. The firm has a market cap of $1.77 billion, a P/E ratio of 11.84 and a beta of 0.71. Byline Bancorp, Inc. has a 1 year low of $25.57 and a 1 year high of $40.03.

Byline Bancorp (NYSE:BY) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.12. The business had revenue of $117.71 million for the quarter, compared to the consensus estimate of $115.78 million. Byline Bancorp had a return on equity of 11.94% and a net margin of 23.36%. On average, research analysts predict that Byline Bancorp, Inc. will post 3.35 earnings per share for the current year.

Byline Bancorp Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BY. Hovde Group increased their price target on Byline Bancorp from $39.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Piper Sandler increased their target price on Byline Bancorp from $40.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Zacks Research cut Byline Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Byline Bancorp in a report on Friday, August 7th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Byline Bancorp from $37.00 to $41.00 and gave the company a “market perform” rating in a research note on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Byline Bancorp presently has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BY. BlackRock Inc. purchased a new position in Byline Bancorp in the second quarter valued at approximately $132,220,000. Assenagon Asset Management S.A. acquired a new stake in shares of Byline Bancorp in the first quarter worth $7,176,000. Denali Advisors LLC acquired a new stake in shares of Byline Bancorp in the second quarter worth $6,987,000. Bank of New York Mellon Corp purchased a new position in shares of Byline Bancorp in the 2nd quarter valued at $6,294,000. Finally, Qube Research & Technologies Ltd raised its stake in shares of Byline Bancorp by 56.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 358,536 shares of the company’s stock valued at $9,942,000 after acquiring an additional 129,032 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

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.