Byline Bancorp, Inc. (NYSE:BY) EVP Sells $229,408.00 in Stock

Byline Bancorp, Inc. (NYSE:BY - Get Free Report) EVP Megan Biggam sold 8,576 shares of the company's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $26.75, for a total transaction of $229,408.00. Following the completion of the transaction, the executive vice president now directly owns 17,630 shares in the company, valued at approximately $471,602.50. The trade was a 32.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Megan Biggam also recently made the following trade(s):

• On Tuesday, June 10th, Megan Biggam sold 3,611 shares of Byline Bancorp stock. The stock was sold at an average price of $26.75, for a total transaction of $96,594.25.

Byline Bancorp Stock Down 1.9%

Shares of Byline Bancorp stock traded down $0.49 during trading on Friday, reaching $25.18. 515,875 shares of the stock were exchanged, compared to its average volume of 165,407. The stock's fifty day moving average is $25.65 and its 200 day moving average is $27.58. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 9.12 and a beta of 0.85. Byline Bancorp, Inc. has a 1 year low of $22.19 and a 1 year high of $32.89.

Byline Bancorp (NYSE:BY - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.03. Byline Bancorp had a net margin of 19.33% and a return on equity of 11.61%. The company had revenue of $103.08 million during the quarter, compared to the consensus estimate of $100.82 million. Equities analysts forecast that Byline Bancorp, Inc. will post 2.6 earnings per share for the current year.

Byline Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 6th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Tuesday, May 6th. Byline Bancorp's dividend payout ratio is 14.81%.

Hedge Funds Weigh In On Byline Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in BY. Boston Partners increased its stake in shares of Byline Bancorp by 818.2% during the fourth quarter. Boston Partners now owns 722,295 shares of the company's stock valued at $20,839,000 after purchasing an additional 643,628 shares in the last quarter. Next Century Growth Investors LLC bought a new position in shares of Byline Bancorp during the fourth quarter valued at approximately $9,599,000. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Byline Bancorp during the first quarter valued at approximately $7,791,000. Nuveen LLC purchased a new stake in shares of Byline Bancorp during the first quarter valued at approximately $6,848,000. Finally, First Trust Advisors LP purchased a new stake in shares of Byline Bancorp during the fourth quarter valued at approximately $3,609,000. Institutional investors own 67.73% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Hovde Group set a $32.00 price target on shares of Byline Bancorp in a research report on Monday, May 19th.

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.