Byline Bancorp (NYSE:BY) Director Sells $11,730,000.00 in Stock

Byline Bancorp, Inc. (NYSE:BY) Director Valle Perochena Antonio Del sold 300,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $39.10, for a total transaction of $11,730,000.00. Following the transaction, the director owned 11,535,145 shares of the company’s stock, valued at approximately $451,024,169.50. This trade represents a 2.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Byline Bancorp Price Performance

NYSE BY opened at $39.16 on Friday. The company’s 50 day simple moving average is $37.32 and its 200 day simple moving average is $34.08. Byline Bancorp, Inc. has a 12 month low of $25.57 and a 12 month high of $40.03. The company has a market capitalization of $1.77 billion, a P/E ratio of 11.83 and a beta of 0.71.

Byline Bancorp (NYSE:BY) last released its 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. The business had revenue of $117.71 million during the quarter, compared to analyst estimates of $115.78 million. Byline Bancorp had a net margin of 23.36% and a return on equity of 11.94%. On average, analysts anticipate that Byline Bancorp, Inc. will post 3.35 earnings per share for the current year.

Byline Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 18th. Stockholders of record on Tuesday, August 4th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, August 4th. This represents a $0.56 annualized dividend and a dividend yield of 1.4%. This is a boost from Byline Bancorp’s previous quarterly dividend of $0.12. Byline Bancorp’s dividend payout ratio is 16.92%.

Analyst Upgrades and Downgrades

BY has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their target price on Byline Bancorp from $37.00 to $41.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th. Stephens set a $40.00 price target on Byline Bancorp in a research note on Monday, July 27th. Zacks Research downgraded Byline Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Byline Bancorp in a research note on Friday, August 7th. Finally, Hovde Group raised their target price on shares of Byline Bancorp from $39.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $43.00.

Institutional Trading of Byline Bancorp

A number of hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. acquired a new stake in Byline Bancorp during the first quarter valued at $1,466,000. Hsbc Holdings PLC increased its position in 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 purchasing an additional 40,613 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Byline Bancorp by 1.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,366,600 shares of the company’s stock worth $74,713,000 after purchasing an additional 36,598 shares in the last quarter. Denali Advisors LLC raised its stake 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 in the last quarter. Finally, Fiducient Advisors LLC lifted its holdings 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 valued at $2,384,000 after buying an additional 20,517 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

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.