Insider Selling: Byline Bancorp, Inc. (NYSE:BY) Insider Sells $226,400.00 in Stock

Byline Bancorp, Inc. (NYSE:BY) insider John Barkidjija sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $22.64, for a total transaction of $226,400.00. Following the completion of the transaction, the insider now owns 30,691 shares in the company, valued at approximately $694,844.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Byline Bancorp Stock Down 0.6 %

NYSE:BY opened at $22.40 on Friday. The stock has a market cap of $988.29 million, a P/E ratio of 8.21 and a beta of 1.12. The firm’s fifty day simple moving average is $22.29 and its 200 day simple moving average is $21.98. Byline Bancorp, Inc. has a twelve month low of $17.66 and a twelve month high of $24.52.

Byline Bancorp (NYSE:BY) last released its quarterly earnings results on Friday, April 26th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.07. The business had revenue of $153.79 million for the quarter, compared to analysts’ expectations of $97.35 million. Byline Bancorp had a net margin of 19.91% and a return on equity of 13.18%. During the same quarter in the previous year, the business posted $0.65 earnings per share. On average, analysts expect that Byline Bancorp, Inc. will post 2.62 EPS for the current fiscal year.

Byline Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 7th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.61%. The ex-dividend date was Monday, May 6th. Byline Bancorp’s dividend payout ratio is currently 13.19%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BY shares. Stephens cut their target price on shares of Byline Bancorp from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 3rd. Hovde Group began coverage on shares of Byline Bancorp in a report on Monday, May 20th. They issued an “outperform” rating and a $27.50 target price on the stock.

Hedge Funds Weigh In On Byline Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP lifted its position in Byline Bancorp by 24.7% during the third quarter. Quantbot Technologies LP now owns 3,831 shares of the company’s stock valued at $76,000 after buying an additional 759 shares during the period. Comerica Bank lifted its position in Byline Bancorp by 17,066.0% during the first quarter. Comerica Bank now owns 8,583 shares of the company’s stock valued at $186,000 after buying an additional 8,533 shares during the period. SG Americas Securities LLC purchased a new position in Byline Bancorp during the fourth quarter valued at $194,000. Arizona State Retirement System purchased a new position in Byline Bancorp during the fourth quarter valued at $201,000. Finally, Entropy Technologies LP purchased a new position in Byline Bancorp during the first quarter valued at $216,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

About Byline Bancorp

Byline Bancorp, Inc operates as the bank holding company for Byline Bank that provides various banking products and services for small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the United States. It offers various retail deposit products, including non-interest-bearing accounts, money market demand accounts, savings accounts, interest-bearing checking accounts, and time deposits; ATM and debit cards; and online, mobile, and text banking services, as well as commercial deposits.