Megan Biggam Sells 3,611 Shares of Byline Bancorp, Inc. (NYSE:BY) Stock

Byline Bancorp, Inc. (NYSE:BY - Get Free Report) EVP Megan Biggam sold 3,611 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were 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 owns 17,630 shares in the company, valued at $471,602.50. The trade was a 17.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 transaction of $229,408.00.

Byline Bancorp Stock Performance

Shares of BY stock traded down $0.49 during mid-day trading on Friday, reaching $25.18. 515,875 shares of the company were exchanged, compared to its average volume of 165,560. Byline Bancorp, Inc. has a fifty-two week low of $22.20 and a fifty-two week high of $32.89. The company has a market capitalization of $1.16 billion, a P/E ratio of 9.12 and a beta of 0.85. The business's 50 day simple moving average is $25.65 and its 200 day simple moving average is $27.52.

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 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 business had revenue of $103.08 million during the quarter, compared to the consensus estimate of $100.82 million. On average, analysts forecast that Byline Bancorp, Inc. will post 2.6 EPS for the current year.

Byline Bancorp Announces Dividend

The business also recently declared 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 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 payout ratio is currently 14.81%.

Analysts Set New Price Targets

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

Institutional Trading of Byline Bancorp

A number of hedge funds have recently made changes to their positions in BY. Empowered Funds LLC grew its position in shares of Byline Bancorp by 5.1% during the fourth quarter. Empowered Funds LLC now owns 163,149 shares of the company's stock worth $4,731,000 after buying an additional 7,942 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Byline Bancorp by 9.2% during the fourth quarter. Principal Financial Group Inc. now owns 22,018 shares of the company's stock worth $639,000 after buying an additional 1,854 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Byline Bancorp by 0.6% during the fourth quarter. Bank of New York Mellon Corp now owns 166,809 shares of the company's stock worth $4,837,000 after buying an additional 973 shares in the last quarter. Parkside Financial Bank & Trust acquired a new position in Byline Bancorp in the fourth quarter worth $63,000. Finally, Inceptionr LLC acquired a new position in Byline Bancorp in the fourth quarter worth $356,000. Institutional investors and hedge funds own 67.73% of the company's stock.

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.