Byline Bancorp, Inc. (NYSE:BY) Sees Large Increase in Short Interest

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

Byline Bancorp Trading Up 1.2 %

Shares of NYSE:BY traded up $0.30 on Thursday, reaching $26.25. The company had a trading volume of 13,219 shares, compared to its average volume of 154,140. The firm has a market capitalization of $1.21 billion, a PE ratio of 9.51 and a beta of 0.85. The firm's 50 day simple moving average is $25.67 and its 200-day simple moving average is $28.12. Byline Bancorp has a 52-week low of $21.96 and a 52-week high of $32.89.

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 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 analysts' expectations of $100.82 million. As a group, equities research analysts predict that Byline Bancorp will post 2.6 earnings per share for the current year.

Byline Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 6th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Tuesday, May 6th. Byline Bancorp's dividend payout ratio is currently 14.81%.

Insiders Place Their Bets

In other Byline Bancorp news, insider Thomas Abraham sold 6,658 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $28.86, for a total transaction of $192,149.88. Following the transaction, the insider now directly owns 62,282 shares of the company's stock, valued at approximately $1,797,458.52. The trade was a 9.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 30.06% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BY. Barclays PLC raised its holdings in Byline Bancorp by 48.3% in the 3rd quarter. Barclays PLC now owns 58,874 shares of the company's stock valued at $1,577,000 after buying an additional 19,187 shares during the period. Principal Financial Group Inc. lifted its stake in Byline Bancorp by 21.4% in the third quarter. Principal Financial Group Inc. now owns 20,164 shares of the company's stock worth $540,000 after acquiring an additional 3,550 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Byline Bancorp by 71.6% during the third quarter. JPMorgan Chase & Co. now owns 557,242 shares of the company's stock worth $14,917,000 after purchasing an additional 232,530 shares during the last quarter. SG Americas Securities LLC grew its stake in Byline Bancorp by 39.9% during the 4th quarter. SG Americas Securities LLC now owns 13,767 shares of the company's stock worth $399,000 after buying an additional 3,926 shares during the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. acquired a new stake in shares of Byline Bancorp in the fourth quarter valued at approximately $1,012,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Analyst Upgrades and Downgrades

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

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.