Byline Bancorp, Inc. (NYSE:BY) Plans Quarterly Dividend of $0.14

Byline Bancorp, Inc. (NYSE:BY) declared a quarterly dividend on Thursday, October 22nd. Investors of record on Tuesday, November 3rd will be paid a dividend of $0.14 per share on Tuesday, November 17th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, November 3rd.

Byline Bancorp has increased its dividend payment by an average of 0.3% per year over the last three years and has raised its dividend every year for the last 1 years. Byline Bancorp has a dividend payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Byline Bancorp to earn $3.50 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 16.0%.

Byline Bancorp Trading Up 1.5%

NYSE:BY opened at $37.95 on Friday. The business’s 50-day moving average is $37.75 and its 200 day moving average is $36.18. Byline Bancorp has a 12 month low of $26.39 and a 12 month high of $40.03. The company has a market capitalization of $1.72 billion, a P/E ratio of 11.47 and a beta of 0.73.

Byline Bancorp (NYSE:BY) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.12. Byline Bancorp had a return on equity of 11.84% and a net margin of 23.36%. The company had revenue of $121.01 million for the quarter, compared to analysts’ expectations of $116.88 million. On average, research analysts forecast that Byline Bancorp will post 3.39 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Dana Rose sold 2,421 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $39.00, for a total value of $94,419.00. Following the completion of the transaction, the insider directly owned 11,605 shares of the company’s stock, valued at approximately $452,595. This represents a 17.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Investors I. L.P. Mbg sold 300,000 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $39.10, for a total transaction of $11,730,000.00. Following the transaction, the insider owned 11,535,145 shares in the company, valued at $451,024,169.50. The trade was a 2.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 622,171 shares of company stock worth $24,328,816. 29.09% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Allworth Financial LP purchased a new stake in Byline Bancorp in the 2nd quarter valued at about $61,000. Royal Bank of Canada increased its position in shares of Byline Bancorp by 58.3% during the first quarter. Royal Bank of Canada now owns 2,332 shares of the company’s stock valued at $73,000 after acquiring an additional 859 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Byline Bancorp during the second quarter valued at about $130,000. Globeflex Capital L P purchased a new stake in shares of Byline Bancorp in the 2nd quarter valued at approximately $154,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of Byline Bancorp by 72.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,422 shares of the company’s stock valued at $163,000 after acquiring an additional 1,863 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

About Byline Bancorp

Byline Bancorp, Inc is the bank holding company for Byline Bank, a full-service commercial bank headquartered in Chicago, Illinois. The company focuses on serving small and mid-sized businesses, entrepreneurs, commercial real estate investors and consumers through a relationship-based banking model.

Byline Bank offers commercial and industrial lending, commercial real estate financing, small business and SBA loans, business checking and savings accounts, treasury management, and other cash-management services.