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

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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Byline Bancorp Price Performance

Shares of Byline Bancorp stock opened at $39.16 on Friday. The stock’s 50 day simple moving average is $37.32 and its 200-day simple moving average is $34.08. The stock has a market cap of $1.77 billion, a P/E ratio of 11.83 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 posted its quarterly earnings results on Thursday, July 23rd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.79 by $0.12. Byline Bancorp had a return on equity of 11.94% and a net margin of 23.36%.The firm had revenue of $117.71 million during the quarter, compared to analysts’ expectations of $115.78 million. As a group, research analysts expect that Byline Bancorp, Inc. will post 3.35 EPS 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 paid a $0.14 dividend. This is a boost from Byline Bancorp’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Tuesday, August 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.4%. Byline Bancorp’s dividend payout ratio is 16.92%.

Institutional Investors Weigh In On Byline Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BY. Principal Financial Group Inc. acquired a new stake in shares of Byline Bancorp during the first quarter valued at about $1,466,000. Hsbc Holdings PLC lifted its holdings in shares of Byline Bancorp by 135.9% in the 4th quarter. Hsbc Holdings PLC now owns 70,502 shares of the company’s stock worth $2,056,000 after acquiring an additional 40,613 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Byline Bancorp by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,366,600 shares of the company’s stock worth $74,713,000 after acquiring an additional 36,598 shares during the last quarter. Denali Advisors LLC boosted its position in shares of Byline Bancorp by 32.3% during the 4th quarter. Denali Advisors LLC now owns 125,752 shares of the company’s stock worth $3,666,000 after purchasing an additional 30,711 shares during the period. Finally, Fiducient Advisors LLC boosted its position in shares of Byline Bancorp by 33.5% during the 4th quarter. Fiducient Advisors LLC now owns 81,767 shares of the company’s stock worth $2,384,000 after purchasing an additional 20,517 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

BY has been the topic of several recent research reports. Stephens set a $40.00 price target on shares of Byline Bancorp in a research report on Monday, July 27th. Raymond James Financial initiated coverage on shares of Byline Bancorp in a research report on Wednesday, July 8th. They set a “market perform” rating for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Byline Bancorp in a research note on Friday, August 7th. Keefe, Bruyette & Woods boosted their target price on shares of Byline Bancorp from $37.00 to $41.00 and gave the company a “market perform” rating in a report on Monday, July 27th. Finally, Zacks Research cut shares of Byline Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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. 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.