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

Byline Bancorp, Inc. (NYSE:BY) Director Valle Perochena Antonio Del sold 300,000 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $39.10, for a total value of $11,730,000.00. Following the transaction, the director owned 11,535,145 shares of the company’s stock, valued at $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 can be accessed through this link.

Byline Bancorp Stock Up 0.8%

NYSE BY opened at $38.76 on Wednesday. The company has a market cap of $1.75 billion, a PE ratio of 11.71 and a beta of 0.71. Byline Bancorp, Inc. has a 52 week low of $25.57 and a 52 week high of $40.03. The firm’s 50-day simple moving average is $37.08 and its two-hundred day simple moving average is $33.97.

Byline Bancorp (NYSE:BY) last posted its earnings results on Thursday, July 23rd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $115.78 million. As a group, equities research analysts anticipate that Byline Bancorp, Inc. will post 3.35 EPS for the current year.

Byline Bancorp Increases Dividend

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BY. Parkside Financial Bank & Trust lifted its stake in Byline Bancorp by 15.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the company’s stock worth $69,000 after acquiring an additional 313 shares during the period. New York State Teachers Retirement System lifted its holdings in shares of Byline Bancorp by 16.1% during the fourth quarter. New York State Teachers Retirement System now owns 2,864 shares of the company’s stock valued at $83,000 after purchasing an additional 398 shares during the last quarter. Invesco Ltd. raised its stake in Byline Bancorp by 1.2% during the fourth quarter. Invesco Ltd. now owns 51,138 shares of the company’s stock valued at $1,491,000 after buying an additional 586 shares during the last quarter. Strs Ohio boosted its stake in Byline Bancorp by 5.4% in the 4th quarter. Strs Ohio now owns 11,700 shares of the company’s stock worth $341,000 after purchasing an additional 600 shares in the last quarter. Finally, CWM LLC lifted its stake in shares of Byline Bancorp by 2.7% in the fourth quarter. CWM LLC now owns 25,016 shares of the company’s stock worth $729,000 after buying an additional 657 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BY shares. Keefe, Bruyette & Woods increased their target price on Byline Bancorp from $37.00 to $41.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th. Hovde Group boosted their price objective on Byline Bancorp from $39.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Byline Bancorp in a report on Wednesday, May 13th. Zacks Research downgraded Byline Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Piper Sandler lifted their target price on Byline Bancorp from $40.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.00.

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.