Dana Rose Sells 1,999 Shares of Byline Bancorp (NYSE:BY) Stock

Key Points

• Dana Rose, an insider at Byline Bancorp, sold 1,999 shares of the company on September 12th for approximately $57,491, reducing their ownership by 16.40%.
• Byline Bancorp reported a quarterly EPS of $0.75, exceeding estimates by $0.08 with total revenues of $110.45 million.
• The company's recent dividend payout of $0.10 per share represents an annualized yield of 1.4% and a payout ratio of 14.93%.

Byline Bancorp, Inc. (NYSE:BY - Get Free Report) insider Dana Rose sold 1,999 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $28.76, for a total transaction of $57,491.24. Following the completion of the sale, the insider owned 10,192 shares in the company, valued at $293,121.92. The trade was a 16.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Byline Bancorp Stock Down 2.6%

Shares of NYSE:BY traded down $0.77 during midday trading on Friday, reaching $28.50. The company's stock had a trading volume of 1,349,290 shares, compared to its average volume of 174,708. The firm has a market capitalization of $1.31 billion, a PE ratio of 10.63 and a beta of 0.91. Byline Bancorp, Inc. has a twelve month low of $22.63 and a twelve month high of $32.89. The stock has a fifty day moving average of $27.82 and a 200 day moving average of $26.66.

Byline Bancorp (NYSE:BY - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.08. The firm had revenue of $110.45 million for the quarter, compared to analyst estimates of $106.95 million. Byline Bancorp had a net margin of 19.03% and a return on equity of 10.98%. Sell-side analysts anticipate that Byline Bancorp, Inc. will post 2.6 earnings per share for the current fiscal year.

Byline Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 5th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, August 5th. Byline Bancorp's dividend payout ratio (DPR) is currently 14.93%.

Institutional Trading of Byline Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Byline Bancorp by 1,726.4% during the first 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 during the period. Farther Finance Advisors LLC acquired a new stake in Byline Bancorp during the second quarter valued at $64,000. CWM LLC grew its position in Byline Bancorp by 59.5% during the second quarter. CWM LLC now owns 3,650 shares of the company's stock valued at $98,000 after buying an additional 1,362 shares during the period. Tower Research Capital LLC TRC grew its position in Byline Bancorp by 319.3% during the second quarter. Tower Research Capital LLC TRC now owns 3,904 shares of the company's stock valued at $104,000 after buying an additional 2,973 shares during the period. Finally, Blair William & Co. IL acquired a new stake in Byline Bancorp during the second quarter valued at $206,000. 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.