Byline Bancorp (NYSE:BY) Stock: Insider Pamela Stewart Acquires 1,160 Shares

Byline Bancorp, Inc. (NYSE:BY) Director Pamela Stewart purchased 1,160 shares of the firm’s stock in a transaction dated Monday, October 26th. The shares were bought at an average price of $38.61 per share, with a total value of $44,787.60. Following the purchase, the director owned 7,496 shares in the company, valued at $289,420.56. This represents a 18.31% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Byline Bancorp Price Performance

Shares of NYSE BY opened at $38.69 on Wednesday. The business’s 50-day simple moving average is $37.72 and its 200-day simple moving average is $34.84. Byline Bancorp, Inc. has a 52 week low of $26.39 and a 52 week high of $40.03.

Byline Bancorp (NYSE:BY) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.12. The company had revenue of $121.01 million during the quarter, compared to the consensus estimate of $116.88 million. Equities analysts forecast that Byline Bancorp, Inc. will post 3.42 earnings per share for the current year.

Byline Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 17th. Shareholders of record on Tuesday, November 3rd will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, November 3rd.

Hedge Funds Weigh In On Byline Bancorp

Several large investors have recently made changes to their positions in the business. Allworth Financial LP boosted its stake in Byline Bancorp by 43.6% during the 2nd quarter. Allworth Financial LP now owns 1,617 shares of the company’s stock valued at $61,000 after purchasing an additional 491 shares during the period. Royal Bank of Canada increased its position in Byline Bancorp by 58.3% in 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 during the period. First Trust Advisors LP increased its position in Byline Bancorp by 2.1% in the 1st quarter. First Trust Advisors LP now owns 86,509 shares of the company’s stock worth $2,731,000 after buying an additional 1,779 shares during the period. Nisa Investment Advisors LLC increased its position in Byline Bancorp by 72.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,422 shares of the company’s stock worth $163,000 after buying an additional 1,863 shares during the period. Finally, Susquehanna Fundamental Investments LLC lifted its holdings in shares of Byline Bancorp by 11.5% during the second quarter. Susquehanna Fundamental Investments LLC now owns 28,053 shares of the company’s stock worth $1,056,000 after buying an additional 2,900 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Stephens set a $40.00 price target on shares of Byline Bancorp in a research report on Monday, July 27th. Zacks Research downgraded shares of Byline Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Byline Bancorp in a report on Friday, August 7th. Hovde Group raised their target price on shares of Byline Bancorp from $39.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Finally, Piper Sandler raised their target price on shares of Byline Bancorp from $40.00 to $46.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Byline Bancorp currently has a consensus rating of “Moderate Buy” and a consensus price target 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. The company focuses on serving small and mid-sized businesses, entrepreneurs, commercial real estate investors and consumers through a relationship-based banking model.

Byline Bank offers commercial and industrial lending, commercial real estate financing, small business and SBA loans, business checking and savings accounts, treasury management, and other cash-management services.