Byline Bancorp Inc (NYSE:BY) Director Phillip R. Cabrera acquired 8,100 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were bought at an average cost of $13.70 per share, with a total value of $110,970.00. Following the purchase, the director now owns 11,201 shares of the company’s stock, valued at approximately $153,453.70. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of BY stock opened at $12.96 on Friday. The stock has a fifty day moving average of $12.57 and a 200 day moving average of $13.78. Byline Bancorp Inc has a 52 week low of $8.13 and a 52 week high of $20.73. The firm has a market capitalization of $497.44 million, a price-to-earnings ratio of 11.17, a PEG ratio of 1.41 and a beta of 1.56.

Byline Bancorp (NYSE:BY) last announced its quarterly earnings results on Friday, July 24th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.20. Byline Bancorp had a return on equity of 6.07% and a net margin of 14.00%. The company had revenue of $65.40 million during the quarter, compared to analyst estimates of $62.10 million. As a group, research analysts predict that Byline Bancorp Inc will post 0.92 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Monday, June 22nd. Byline Bancorp’s payout ratio is 7.41%.

A number of analysts have recently weighed in on the company. Piper Sandler increased their price objective on Byline Bancorp from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. ValuEngine raised Byline Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, June 29th. Zacks Investment Research raised Byline Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, TheStreet raised Byline Bancorp from a “d” rating to a “c” rating in a research note on Monday, June 29th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Byline Bancorp presently has an average rating of “Buy” and a consensus price target of $18.33.

A number of institutional investors have recently made changes to their positions in the business. Nuveen Asset Management LLC lifted its position in Byline Bancorp by 0.7% during the fourth quarter. Nuveen Asset Management LLC now owns 115,148 shares of the company’s stock valued at $2,253,000 after buying an additional 828 shares during the period. Strs Ohio lifted its position in Byline Bancorp by 3.4% during the second quarter. Strs Ohio now owns 42,300 shares of the company’s stock valued at $554,000 after buying an additional 1,400 shares during the period. BNP Paribas Arbitrage SA lifted its position in Byline Bancorp by 27.3% during the first quarter. BNP Paribas Arbitrage SA now owns 7,205 shares of the company’s stock valued at $75,000 after buying an additional 1,543 shares during the period. Citigroup Inc. lifted its position in Byline Bancorp by 39.1% during the first quarter. Citigroup Inc. now owns 6,578 shares of the company’s stock valued at $68,000 after buying an additional 1,850 shares during the period. Finally, WINTON GROUP Ltd lifted its position in Byline Bancorp by 14.7% during the first quarter. WINTON GROUP Ltd now owns 19,135 shares of the company’s stock valued at $198,000 after buying an additional 2,451 shares during the period. 40.83% of the stock is owned by institutional investors and hedge funds.

Byline Bancorp Company Profile

Byline Bancorp, Inc operates as the bank holding company for Byline Bank that provides a range of banking products and services to small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the United States. It offers non-interest bearing accounts, money market demand accounts, savings accounts, interest bearing checking accounts, and time deposits, as well as certificates of deposit.

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