Insider Selling: Byline Bancorp, Inc. (NYSE:BY) EVP Sells 8,576 Shares of Stock

Byline Bancorp, Inc. (NYSE:BY) EVP Megan Biggam sold 8,576 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $26.75, for a total transaction of $229,408.00. Following the sale, the executive vice president now directly owns 17,630 shares of the company’s stock, valued at $471,602.50. The trade was a 32.73% 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.

Megan Biggam also recently made the following trade(s):

• On Tuesday, June 10th, Megan Biggam sold 3,611 shares of Byline Bancorp stock. The shares were sold at an average price of $26.75, for a total transaction of $96,594.25.

Byline Bancorp Stock Down 1.9%

Shares of BY stock opened at $25.18 on Friday. The company has a 50 day moving average price of $25.65 and a 200-day moving average price of $27.58. Byline Bancorp, Inc. has a 52 week low of $22.19 and a 52 week high of $32.89. The firm has a market capitalization of $1.16 billion, a PE ratio of 9.12 and a beta of 0.85.

Byline Bancorp (NYSE:BY) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.65 earnings per share (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 the consensus estimate of $100.82 million. Byline Bancorp had a net margin of 19.33% and a return on equity of 11.61%. Analysts anticipate that Byline Bancorp, Inc. will post 2.6 earnings per share for the current year.

Byline Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Tuesday, May 6th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Tuesday, May 6th. Byline Bancorp’s payout ratio is 14.81%.

Hedge Funds Weigh In On Byline Bancorp

Several large investors have recently added to or reduced their stakes in BY. GAMMA Investing LLC lifted its holdings 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 purchasing an additional 1,830 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Byline Bancorp by 88.3% during the fourth 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 in the last quarter. Parkside Financial Bank & Trust purchased a new position in shares of Byline Bancorp in the fourth quarter worth $63,000. KLP Kapitalforvaltning AS purchased a new position in shares of Byline Bancorp in the fourth quarter worth $148,000. Finally, Oceanside Advisors LLC purchased a new position in shares of Byline Bancorp in the fourth quarter worth $206,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

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

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.