Byline Bancorp, Inc. (NYSE:BY) EVP Sells $96,594.25 in Stock

Byline Bancorp, Inc. (NYSE:BY - Get Free Report) EVP Megan Biggam sold 3,611 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $26.75, for a total transaction of $96,594.25. Following the completion of the transaction, the executive vice president now directly owns 17,630 shares of the company's stock, valued at $471,602.50. This trade represents a 17.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, June 9th, Megan Biggam sold 8,576 shares of Byline Bancorp stock. The shares were sold at an average price of $26.75, for a total value of $229,408.00.

Byline Bancorp Stock Down 1.5%

NYSE BY traded down $0.39 on Friday, hitting $25.28. The company's stock had a trading volume of 17,557 shares, compared to its average volume of 163,139. The company's 50-day moving average is $25.62 and its 200 day moving average is $27.62. The firm has a market cap of $1.17 billion, a PE ratio of 9.15 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 issued 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. The company had revenue of $103.08 million for the quarter, compared to analysts' expectations of $100.82 million. Byline Bancorp had a net margin of 19.33% and a return on equity of 11.61%. On average, equities analysts expect that Byline Bancorp, Inc. will post 2.6 EPS for the current year.

Byline Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 6th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.58%. Byline Bancorp's dividend payout ratio (DPR) is presently 14.81%.

Institutional Investors Weigh In On Byline Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in BY. Boston Partners boosted its holdings in Byline Bancorp by 818.2% in the fourth quarter. Boston Partners now owns 722,295 shares of the company's stock valued at $20,839,000 after acquiring an additional 643,628 shares during the last quarter. Next Century Growth Investors LLC acquired a new position in shares of Byline Bancorp in the 4th quarter worth approximately $9,599,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of Byline Bancorp in the 1st quarter valued at $7,791,000. Nuveen LLC acquired a new stake in shares of Byline Bancorp during the first quarter worth $6,848,000. Finally, First Trust Advisors LP acquired a new stake in shares of Byline Bancorp during the fourth quarter worth $3,609,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Analyst Ratings Changes

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

About Byline Bancorp

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.