Byline Bancorp, Inc. (NYSE:BY - Get Free Report) EVP Megan Biggam sold 8,576 shares of Byline Bancorp stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $26.75, for a total value of $229,408.00. Following the completion of the sale, the executive vice president now directly owns 17,630 shares of the company's stock, valued at approximately $471,602.50. This trade represents a 32.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Megan Biggam also recently made the following trade(s):
- On Tuesday, June 10th, Megan Biggam sold 3,611 shares of Byline Bancorp stock. The shares were sold at an average price of $26.75, for a total value of $96,594.25.
Byline Bancorp Stock Performance
Byline Bancorp stock traded down $0.18 during midday trading on Thursday, hitting $25.61. 565,230 shares of the company's stock were exchanged, compared to its average volume of 163,716. The stock has a 50-day moving average price of $25.59 and a two-hundred day moving average price of $27.64. Byline Bancorp, Inc. has a 52-week low of $22.19 and a 52-week high of $32.89. The company has a market cap of $1.18 billion, a P/E ratio of 9.28 and a beta of 0.85.
Byline Bancorp (NYSE:BY - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $100.82 million. As a group, sell-side analysts expect that Byline Bancorp, Inc. will post 2.6 earnings per share for the current year.
Byline Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 6th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Tuesday, May 6th. Byline Bancorp's dividend payout ratio (DPR) is currently 14.81%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BY. Nuveen Asset Management LLC lifted its stake in Byline Bancorp by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 325,516 shares of the company's stock worth $9,440,000 after purchasing an additional 3,343 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Byline Bancorp during the 4th quarter valued at about $444,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Byline Bancorp by 15.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,536 shares of the company's stock worth $2,510,000 after buying an additional 11,280 shares during the last quarter. Deutsche Bank AG boosted its stake in Byline Bancorp by 54.3% in the fourth quarter. Deutsche Bank AG now owns 27,086 shares of the company's stock worth $785,000 after buying an additional 9,528 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Byline Bancorp by 25.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,032 shares of the company's stock worth $2,060,000 after buying an additional 14,307 shares in the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Hovde Group set a $32.00 price objective on Byline Bancorp in a report on Monday, May 19th.
Check Out Our Latest Research Report on Byline Bancorp
Byline Bancorp Company Profile
(
Get Free Report)
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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