Insider Selling: Byline Bancorp (NYSE:BY) Insider Sells 1,999 Shares of 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 company's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $28.76, for a total transaction of $57,491.24. Following the completion of the transaction, the insider owned 10,192 shares in the company, valued at $293,121.92. This trade represents a 16.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Byline Bancorp Stock Performance

Shares of BY stock traded down $0.32 on Monday, hitting $28.72. The company's stock had a trading volume of 160,709 shares, compared to its average volume of 171,841. The stock's 50 day moving average is $27.79 and its 200-day moving average is $26.63. Byline Bancorp, Inc. has a fifty-two week low of $22.63 and a fifty-two week high of $32.89. The company has a market capitalization of $1.32 billion, a PE ratio of 10.72 and a beta of 0.91.

Byline Bancorp (NYSE:BY - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.67 by $0.08. Byline Bancorp had a net margin of 19.03% and a return on equity of 10.98%. The business had revenue of $110.45 million for the quarter, compared to the consensus estimate of $106.95 million. On average, research analysts forecast that Byline Bancorp, Inc. will post 2.6 earnings per share for the current year.

Byline Bancorp Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.40 annualized dividend and a yield of 1.4%. Byline Bancorp's dividend payout ratio is currently 14.93%.

Analysts Set New Price Targets

Separately, Hovde Group set a $32.00 price objective on shares of Byline Bancorp in a research report on Monday, May 19th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in shares of Byline Bancorp by 1,726.4% in the first quarter. GAMMA Investing LLC now owns 1,936 shares of the company's stock worth $51,000 after acquiring an additional 1,830 shares during the last quarter. Farther Finance Advisors LLC bought a new position in shares of Byline Bancorp in the second quarter worth about $64,000. CWM LLC lifted its holdings in shares of Byline Bancorp by 59.5% in the second quarter. CWM LLC now owns 3,650 shares of the company's stock worth $98,000 after acquiring an additional 1,362 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Byline Bancorp by 319.3% in the 2nd 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 last quarter. Finally, Blair William & Co. IL bought a new position in Byline Bancorp in the 2nd quarter valued at approximately $206,000. Institutional investors own 67.73% of the company's stock.

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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