John Barkidjija Sells 1,488 Shares of Byline Bancorp, Inc. (NYSE:BY) Stock

Byline Bancorp, Inc. (NYSE:BY) insider John Barkidjija sold 1,488 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $29.26, for a total value of $43,538.88. Following the completion of the sale, the insider now owns 30,691 shares of the company’s stock, valued at $898,018.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

John Barkidjija also recently made the following trade(s):

• On Thursday, June 13th, John Barkidjija sold 10,000 shares of Byline Bancorp stock. The stock was sold at an average price of $22.64, for a total value of $226,400.00.

Byline Bancorp Stock Up 0.7 %

Shares of NYSE BY traded up $0.19 during mid-day trading on Wednesday, reaching $28.19. 117,738 shares of the company were exchanged, compared to its average volume of 126,285. The stock has a market capitalization of $1.24 billion, a PE ratio of 10.25 and a beta of 1.14. The company’s 50 day moving average price is $24.32 and its 200 day moving average price is $22.51. Byline Bancorp, Inc. has a 52 week low of $18.39 and a 52 week high of $29.49.

Byline Bancorp (NYSE:BY) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.05. The business had revenue of $154.41 million during the quarter, compared to the consensus estimate of $99.25 million. Byline Bancorp had a net margin of 19.42% and a return on equity of 12.89%. During the same period in the previous year, the firm posted $0.73 earnings per share. On average, sell-side analysts predict that Byline Bancorp, Inc. will post 2.63 earnings per share for the current year.

Byline Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 6th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Tuesday, August 6th. Byline Bancorp’s payout ratio is 13.19%.

Hedge Funds Weigh In On Byline Bancorp

Hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. increased its position in shares of Byline Bancorp by 13.2% during the second quarter. Principal Financial Group Inc. now owns 16,614 shares of the company’s stock valued at $394,000 after buying an additional 1,932 shares during the period. Innealta Capital LLC purchased a new position in shares of Byline Bancorp during the second quarter valued at about $48,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Byline Bancorp by 10.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,070 shares of the company’s stock valued at $310,000 after buying an additional 1,277 shares during the period. Bailard Inc. increased its position in shares of Byline Bancorp by 72.3% during the second quarter. Bailard Inc. now owns 19,300 shares of the company’s stock valued at $458,000 after buying an additional 8,100 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Byline Bancorp by 16.1% during the second quarter. Bank of New York Mellon Corp now owns 191,122 shares of the company’s stock valued at $4,537,000 after buying an additional 26,539 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 a number of research analyst reports. Stephens increased their price objective on shares of Byline Bancorp from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Piper Sandler reiterated an “overweight” rating and issued a $34.00 price objective (up previously from $27.00) on shares of Byline Bancorp in a research note on Wednesday. Hovde Group initiated coverage on shares of Byline Bancorp in a research note on Monday, May 20th. They set an “outperform” rating and a $27.50 price target for the company. Finally, Keefe, Bruyette & Woods raised their price target on shares of Byline Bancorp from $25.00 to $29.00 and gave the stock a “market perform” rating in a research note on Monday.

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.