Byline Bancorp, Inc. (NYSE:BY) Short Interest Up 25.9% in April

Byline Bancorp, Inc. (NYSE:BY - Get Free Report) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 729,900 shares, an increase of 25.9% from the March 31st total of 579,600 shares. Based on an average daily trading volume, of 155,500 shares, the short-interest ratio is currently 4.7 days. Currently, 2.9% of the company's stock are short sold.

Wall Street Analysts Forecast Growth

BY has been the subject of several recent analyst reports. Hovde Group raised their target price on shares of Byline Bancorp from $33.00 to $34.00 and gave the company an "outperform" rating in a research note on Monday, January 27th. Stephens boosted their target price on Byline Bancorp from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 29th.

Byline Bancorp Price Performance

NYSE:BY traded up $0.69 during trading hours on Friday, hitting $26.45. 137,803 shares of the company were exchanged, compared to its average volume of 153,994. Byline Bancorp has a 52-week low of $21.96 and a 52-week high of $32.89. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 9.58 and a beta of 0.85. The company's 50 day moving average price is $25.81 and its 200-day moving average price is $28.14.

Byline Bancorp (NYSE:BY - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.65 earnings per share for the quarter, beating 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 firm had revenue of $103.08 million for the quarter, compared to analyst estimates of $100.82 million. On average, equities analysts predict that Byline Bancorp will post 2.6 earnings per share for the current year.

Byline Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 6th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Tuesday, May 6th. Byline Bancorp's dividend payout ratio is presently 14.81%.

Insiders Place Their Bets

In other Byline Bancorp news, insider Thomas Abraham sold 6,658 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $28.86, for a total transaction of $192,149.88. Following the completion of the sale, the insider now directly owns 62,282 shares of the company's stock, valued at approximately $1,797,458.52. This represents a 9.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 30.06% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BY. GAMMA Investing LLC increased its holdings in Byline Bancorp by 1,726.4% in the 1st quarter. GAMMA Investing LLC now owns 1,936 shares of the company's stock worth $51,000 after buying an additional 1,830 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Byline Bancorp by 88.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,053 shares of the company's stock valued at $60,000 after acquiring an additional 963 shares during the last quarter. Parkside Financial Bank & Trust acquired a new stake in shares of Byline Bancorp in the fourth quarter worth $63,000. KLP Kapitalforvaltning AS purchased a new position in shares of Byline Bancorp during the fourth quarter worth $148,000. Finally, Oceanside Advisors LLC acquired a new position in Byline Bancorp during the fourth quarter valued at $206,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

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.

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