Byline Bancorp (NYSE:BY) Sets New 12-Month High at $24.87

Byline Bancorp, Inc. (NYSE:BY)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $24.87 and last traded at $24.78, with a volume of 22988 shares traded. The stock had previously closed at $23.94.

Analyst Ratings Changes

BY has been the topic of a number of research analyst reports. Stephens decreased their price target on Byline Bancorp from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 3rd. Hovde Group initiated coverage on Byline Bancorp in a research note on Monday, May 20th. They issued an “outperform” rating and a $27.50 price target on the stock.

Byline Bancorp Stock Performance

The firm has a fifty day simple moving average of $23.15 and a 200-day simple moving average of $22.09. The company has a market capitalization of $1.10 billion, a PE ratio of 8.77 and a beta of 1.14.

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

Byline Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 7th were issued a $0.09 dividend. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.45%. Byline Bancorp’s dividend payout ratio (DPR) is 13.19%.

Insider Activity

In related news, insider John Barkidjija sold 10,000 shares of the company’s stock in a transaction 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 directly owns 30,691 shares in the company, valued at approximately $694,844.24. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 30.06% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BY. CWM LLC lifted its holdings in shares of Byline Bancorp by 104.5% in the second quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $31,000 after buying an additional 676 shares during the period. Comerica Bank lifted its holdings in shares of Byline Bancorp by 17,066.0% in 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 acquired a new stake in shares of Byline Bancorp in the fourth quarter valued at $194,000. Arizona State Retirement System acquired a new stake in shares of Byline Bancorp in the fourth quarter valued at $201,000. Finally, Entropy Technologies LP acquired a new stake in shares of Byline Bancorp in the first quarter valued at $216,000. Institutional investors and hedge funds 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.