Insider Selling: Byline Bancorp, Inc. (NYSE:BY) Insider Sells $761,113.62 in Stock

Byline Bancorp, Inc. (NYSE:BY) insider John Barkidjija sold 27,009 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $28.18, for a total transaction of $761,113.62. Following the completion of the transaction, the insider now owns 22,691 shares in the company, valued at approximately $639,432.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, July 29th, John Barkidjija sold 1,488 shares of Byline Bancorp stock. The shares were sold at an average price of $29.26, for a total transaction of $43,538.88.
• 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 transaction of $226,400.00.

Byline Bancorp Stock Down 2.6 %

NYSE:BY opened at $26.27 on Monday. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 9.62 and a beta of 1.14. The company’s 50 day moving average price is $24.55 and its 200-day moving average price is $22.61. Byline Bancorp, Inc. has a 52 week low of $18.39 and a 52 week high of $29.49.

Byline Bancorp (NYSE:BY) last issued its earnings results on Thursday, July 25th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.63 by $0.05. The business had revenue of $154.41 million for the quarter, compared to the consensus estimate of $99.25 million. Byline Bancorp had a return on equity of 12.89% and a net margin of 19.42%. During the same period last year, the business posted $0.73 EPS. As a group, sell-side analysts anticipate that Byline Bancorp, Inc. will post 2.64 earnings per share for the current year.

Byline Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Tuesday, August 6th will be issued a $0.09 dividend. The ex-dividend date is Tuesday, August 6th. This represents a $0.36 annualized dividend and a yield of 1.37%. Byline Bancorp’s payout ratio is 13.19%.

Hedge Funds Weigh In On Byline Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Byline Bancorp by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,626,661 shares of the company’s stock worth $38,325,000 after buying an additional 68,552 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Byline Bancorp by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 1,551,552 shares of the company’s stock valued at $33,700,000 after acquiring an additional 51,682 shares during the period. Mendon Capital Advisors Corp purchased a new stake in shares of Byline Bancorp in the 4th quarter worth $8,246,000. Federated Hermes Inc. raised its holdings in Byline Bancorp by 2.1% in the 4th quarter. Federated Hermes Inc. now owns 329,217 shares of the company’s stock worth $7,756,000 after purchasing an additional 6,720 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Byline Bancorp by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 220,717 shares of the company’s stock valued at $5,200,000 after purchasing an additional 8,846 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Byline Bancorp Company Profile

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.