Byline Bancorp, Inc. (NYSE:BY) Plans Quarterly Dividend of $0.12

Byline Bancorp, Inc. (NYSE:BY) announced a quarterly dividend on Thursday, January 22nd. Shareholders of record on Tuesday, February 3rd will be paid a dividend of 0.12 per share on Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, February 3rd. This is a 20.0% increase from Byline Bancorp’s previous quarterly dividend of $0.10.

Byline Bancorp has raised its dividend by an average of 0.6%annually over the last three years and has raised its dividend every year for the last 1 years. Byline Bancorp has a payout ratio of 14.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Byline Bancorp to earn $2.77 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 14.4%.

Byline Bancorp Price Performance

Shares of NYSE BY opened at $31.62 on Friday. The stock has a market capitalization of $1.45 billion, a PE ratio of 11.25 and a beta of 0.86. Byline Bancorp has a one year low of $22.63 and a one year high of $32.14. The business’s fifty day moving average price is $29.40 and its 200-day moving average price is $28.25.

Byline Bancorp (NYSE:BY) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.04. Byline Bancorp had a return on equity of 11.26% and a net margin of 20.01%.The company had revenue of $117.01 million during the quarter, compared to analyst estimates of $112.51 million. As a group, equities analysts expect that Byline Bancorp will post 2.6 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Thomas Abraham sold 23,400 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $26.89, for a total transaction of $629,226.00. Following the completion of the transaction, the insider owned 38,882 shares of the company’s stock, valued at approximately $1,045,536.98. The trade was a 37.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 28.79% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BY. Boston Partners lifted its holdings in shares of Byline Bancorp by 1.9% during the 2nd quarter. Boston Partners now owns 732,464 shares of the company’s stock worth $19,500,000 after acquiring an additional 13,818 shares during the last quarter. Creative Planning raised its position in Byline Bancorp by 67.2% during the second quarter. Creative Planning now owns 75,061 shares of the company’s stock valued at $2,006,000 after purchasing an additional 30,169 shares in the last quarter. Empowered Funds LLC raised its position in Byline Bancorp by 13.9% during the second quarter. Empowered Funds LLC now owns 167,496 shares of the company’s stock valued at $4,477,000 after purchasing an additional 20,448 shares in the last quarter. Park Avenue Securities LLC bought a new stake in Byline Bancorp during the second quarter worth about $401,000. Finally, Endeavour Capital Advisors Inc. bought a new position in shares of Byline Bancorp during the 2nd quarter valued at about $4,010,000. 67.73% of the stock is owned by institutional investors.

About Byline Bancorp

Byline Bancorp, Inc is the bank holding company for Byline Bank, a full-service commercial bank headquartered in Chicago, Illinois. Established under its current name in 2016, the company operates as a community-focused financial institution offering a broad array of banking products and services to corporate, professional and consumer clients.

On the commercial banking side, Byline Bancorp serves small and midsize businesses, real estate developers, professional services firms and nonprofit organizations.