Insider Selling: Byline Bancorp, Inc. (NYSE:BY) Insider Sells $326,601.80 in Stock

Byline Bancorp, Inc. (NYSE:BY) insider Brogan Ptacin sold 11,812 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $27.65, for a total transaction of $326,601.80. Following the sale, the insider now directly owns 25,588 shares of the company’s stock, valued at $707,508.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Byline Bancorp Stock Down 0.8 %

Shares of NYSE:BY opened at $26.77 on Friday. The company’s fifty day moving average is $26.36 and its two-hundred day moving average is $23.39. The company has a market cap of $1.18 billion, a P/E ratio of 9.80 and a beta of 1.14. Byline Bancorp, Inc. has a 12-month low of $18.39 and a 12-month 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, beating the consensus estimate of $0.63 by $0.05. Byline Bancorp had a return on equity of 12.69% and a net margin of 19.42%. The firm had revenue of $154.41 million for the quarter, compared to analyst estimates of $99.25 million. During the same period in the previous year, the firm earned $0.73 earnings per share. Equities research analysts anticipate that Byline Bancorp, Inc. will post 2.67 earnings per share for the current year.

Byline Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 6th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Tuesday, August 6th. Byline Bancorp’s dividend payout ratio (DPR) is 13.19%.

Institutional Trading of Byline Bancorp

Institutional investors have recently made changes to their positions in the stock. Point72 Asset Management L.P. acquired a new stake in Byline Bancorp during the second quarter valued at $26,000. CWM LLC raised its stake in shares of Byline Bancorp by 104.5% during the 2nd quarter. CWM LLC now owns 1,323 shares of the company’s stock worth $31,000 after purchasing an additional 676 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of Byline Bancorp during the 2nd quarter worth about $48,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Byline Bancorp during the 2nd quarter valued at about $61,000. Finally, nVerses Capital LLC bought a new stake in shares of Byline Bancorp in the 2nd quarter valued at approximately $88,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Stephens raised their price objective on Byline Bancorp from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Hovde Group initiated coverage on Byline Bancorp in a research report on Monday, May 20th. They issued an “outperform” rating and a $27.50 price target for the company. Keefe, Bruyette & Woods boosted their price objective on Byline Bancorp from $25.00 to $29.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $34.00 price objective (up from $27.00) on shares of Byline Bancorp in a research note on Wednesday, July 31st.

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.