Byline Bancorp (NYSE:BY) Hits New 52-Week Low at $22.45

Byline Bancorp, Inc. (NYSE:BYGet Rating)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $22.45 and last traded at $22.45, with a volume of 680 shares changing hands. The stock had previously closed at $22.89.

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott upgraded shares of Byline Bancorp from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 17th.

Byline Bancorp Trading Up 2.5 %

The stock has a market capitalization of $865.62 million, a P/E ratio of 10.27 and a beta of 1.20. The firm’s fifty day moving average is $24.02 and its 200-day moving average is $25.16.

Byline Bancorp (NYSE:BYGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. Byline Bancorp had a net margin of 26.03% and a return on equity of 11.76%. During the same quarter in the prior year, the company posted $0.77 earnings per share. Equities research analysts expect that Byline Bancorp, Inc. will post 2.25 EPS for the current year.

Byline Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 23rd. Shareholders of record on Tuesday, August 9th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Monday, August 8th. Byline Bancorp’s dividend payout ratio is presently 16.14%.

Insiders Place Their Bets

In related news, Director Mary Jo S. Herseth bought 1,100 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was bought at an average cost of $22.86 per share, with a total value of $25,146.00. Following the completion of the purchase, the director now owns 11,602 shares in the company, valued at approximately $265,221.72. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Byline Bancorp news, Director Mary Jo S. Herseth purchased 1,100 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was bought at an average price of $22.86 per share, for a total transaction of $25,146.00. Following the transaction, the director now directly owns 11,602 shares in the company, valued at $265,221.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brogan Ptacin sold 10,300 shares of Byline Bancorp stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of $24.55, for a total transaction of $252,865.00. Following the sale, the insider now owns 15,568 shares of the company’s stock, valued at approximately $382,194.40. The disclosure for this sale can be found here. Over the last three months, insiders purchased 5,900 shares of company stock valued at $138,291 and sold 23,622 shares valued at $586,398. Insiders own 34.96% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BY. Lazard Asset Management LLC acquired a new position in Byline Bancorp during the fourth quarter valued at approximately $27,000. Amalgamated Bank acquired a new position in Byline Bancorp during the first quarter valued at approximately $80,000. Parkside Investments LLC acquired a new position in Byline Bancorp during the first quarter valued at approximately $105,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Byline Bancorp by 39.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,582 shares of the company’s stock valued at $125,000 after purchasing an additional 1,289 shares during the period. Finally, Dupont Capital Management Corp acquired a new position in Byline Bancorp during the fourth quarter valued at approximately $193,000. Institutional investors and hedge funds own 44.18% of the company’s stock.

Byline Bancorp Company Profile

(Get Rating)

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.

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