Byline Bancorp Inc (NYSE:BY) Director Phillip R. Cabrera acquired 8,100 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were bought at an average price of $13.70 per share, with a total value of $110,970.00. Following the completion of the purchase, the director now directly owns 11,201 shares in the company, valued at $153,453.70. The acquisition was disclosed in a document filed with the SEC, which is available through this link.
Shares of NYSE BY opened at $12.96 on Friday. Byline Bancorp Inc has a 1 year low of $8.13 and a 1 year high of $20.73. The company has a market capitalization of $497.44 million, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 1.41 and a beta of 1.56. The business has a 50-day moving average of $12.57 and a two-hundred day moving average of $13.78.
Byline Bancorp (NYSE:BY) last released its earnings results on Friday, July 24th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.20. The company had revenue of $65.40 million for the quarter, compared to analysts’ expectations of $62.10 million. Byline Bancorp had a return on equity of 6.07% and a net margin of 14.00%. Equities analysts anticipate that Byline Bancorp Inc will post 0.92 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Monday, June 22nd. Byline Bancorp’s dividend payout ratio (DPR) is currently 7.41%.
A number of research firms have commented on BY. TheStreet upgraded Byline Bancorp from a “d” rating to a “c” rating in a research note on Monday, June 29th. Piper Sandler increased their price target on Byline Bancorp from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Zacks Investment Research upgraded Byline Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, ValuEngine upgraded Byline Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, June 29th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Byline Bancorp has an average rating of “Buy” and an average target price of $18.33.
A number of hedge funds and other institutional investors have recently made changes to their positions in BY. GFS Advisors LLC bought a new stake in Byline Bancorp in the first quarter valued at approximately $21,141,000. Aristotle Capital Boston LLC boosted its holdings in shares of Byline Bancorp by 2.4% in the 1st quarter. Aristotle Capital Boston LLC now owns 1,166,839 shares of the company’s stock worth $12,100,000 after buying an additional 27,335 shares during the last quarter. Banc Funds Co. LLC boosted its holdings in shares of Byline Bancorp by 10.6% in the 1st quarter. Banc Funds Co. LLC now owns 829,365 shares of the company’s stock worth $8,601,000 after buying an additional 79,500 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Byline Bancorp by 124.1% in the 1st quarter. Russell Investments Group Ltd. now owns 786,690 shares of the company’s stock worth $8,158,000 after buying an additional 435,670 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Byline Bancorp by 10.3% in the 1st quarter. Geode Capital Management LLC now owns 340,158 shares of the company’s stock worth $3,527,000 after buying an additional 31,633 shares during the last quarter. Hedge funds and other institutional investors own 40.83% of the company’s stock.
About Byline Bancorp
Byline Bancorp, Inc operates as the bank holding company for Byline Bank that provides a range of banking products and services to small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the United States. It offers non-interest bearing accounts, money market demand accounts, savings accounts, interest bearing checking accounts, and time deposits, as well as certificates of deposit.
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