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

Byline Bancorp, Inc. (NYSE:BY - Get Free Report) Director Phillip R. Cabrera purchased 2,360 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was acquired at an average price of $24.75 per share, with a total value of $58,410.00. Following the purchase, the director now directly owns 3,960 shares of the company's stock, valued at approximately $98,010. The trade was a 147.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Byline Bancorp Trading Down 1.5%

BY stock traded down $0.39 during midday trading on Friday, reaching $25.28. 17,557 shares of the company's stock traded hands, compared to its average volume of 163,139. The stock's 50-day moving average is $25.62 and its 200 day moving average is $27.62. The stock has a market cap of $1.17 billion, a P/E ratio of 9.15 and a beta of 0.85. Byline Bancorp, Inc. has a 52-week low of $22.19 and a 52-week high of $32.89.

Byline Bancorp (NYSE:BY - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates 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%. As a group, research analysts expect that Byline Bancorp, Inc. will post 2.6 EPS for the current fiscal 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 paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, May 6th. This represents a $0.40 annualized dividend and a yield of 1.58%. Byline Bancorp's payout ratio is 14.81%.

Analysts Set New Price Targets

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

Institutional Trading of Byline Bancorp

Several hedge funds have recently modified their holdings of BY. GAMMA Investing LLC raised its position in shares of Byline Bancorp by 1,726.4% during the 1st quarter. GAMMA Investing LLC now owns 1,936 shares of the company's stock valued at $51,000 after buying an additional 1,830 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake 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 purchasing an additional 963 shares during the last quarter. Parkside Financial Bank & Trust purchased a new position in shares of Byline Bancorp in the 4th quarter worth approximately $63,000. KLP Kapitalforvaltning AS bought a new position in shares of Byline Bancorp during the 4th quarter valued at approximately $148,000. Finally, Harbor Capital Advisors Inc. raised its holdings in Byline Bancorp by 44.7% during the 1st quarter. Harbor Capital Advisors Inc. now owns 9,304 shares of the company's stock valued at $243,000 after buying an additional 2,874 shares during the period. 67.73% of the stock is 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.