Insider Buying: Byline Bancorp, Inc. (NYSE:BY) Director Buys 2,360 Shares of Stock

Byline Bancorp, Inc. (NYSE:BY - Get Free Report) Director Phillip R. Cabrera purchased 2,360 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was purchased at an average cost of $24.75 per share, with a total value of $58,410.00. Following the purchase, the director now owns 3,960 shares in the company, valued at $98,010. This represents a 147.50% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Byline Bancorp Price Performance

BY traded down $0.49 on Friday, hitting $25.18. The company had a trading volume of 515,875 shares, compared to its average volume of 165,560. The company's fifty day moving average price is $25.65 and its 200 day moving average price is $27.52. Byline Bancorp, Inc. has a 1-year low of $22.20 and a 1-year high of $32.89. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 9.12 and a beta of 0.85.

Byline Bancorp (NYSE:BY - Get Free Report) last posted its earnings results 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 return on equity of 11.61% and a net margin of 19.33%. The firm had revenue of $103.08 million during the quarter, compared to analyst estimates of $100.82 million. On average, sell-side analysts forecast that Byline Bancorp, Inc. will post 2.6 EPS for the current year.

Byline Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Tuesday, May 6th were issued a $0.10 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $0.40 annualized dividend and a yield of 1.59%. Byline Bancorp's dividend payout ratio (DPR) is currently 14.81%.

Institutional Investors Weigh In On Byline Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in shares of Byline Bancorp by 1,726.4% during the first 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 last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Byline Bancorp by 88.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,053 shares of the company's stock worth $60,000 after buying an additional 963 shares during the last quarter. Parkside Financial Bank & Trust acquired a new position in shares of Byline Bancorp during the fourth quarter worth approximately $63,000. KLP Kapitalforvaltning AS acquired a new position in shares of Byline Bancorp during the fourth quarter worth approximately $148,000. Finally, ProShare Advisors LLC acquired a new position in shares of Byline Bancorp during the fourth quarter worth approximately $254,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.