Byline Bancorp (NYSE:BY) Stock: Insider Pamela Stewart Purchases 1,160 Shares

Byline Bancorp, Inc. (NYSE:BY) Director Pamela Stewart acquired 1,160 shares of the company’s stock in a transaction on Monday, October 26th. The shares were purchased at an average cost of $38.61 per share, with a total value of $44,787.60. Following the completion of the acquisition, the director directly owned 7,496 shares in the company, valued at approximately $289,420.56. The trade was a 18.31% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Byline Bancorp Stock Performance

Byline Bancorp stock traded down $0.04 during trading hours on Monday, reaching $38.36. 319,303 shares of the company’s stock traded hands, compared to its average volume of 239,683. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 11.18 and a beta of 0.73. Byline Bancorp, Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $40.03. The firm’s 50 day moving average is $37.73 and its 200-day moving average is $34.80.

Byline Bancorp (NYSE:BY) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.82 by $0.12. The company had revenue of $121.01 million during the quarter, compared to analysts’ expectations of $116.88 million. Byline Bancorp had a net margin of 24.06% and a return on equity of 12.04%. Analysts predict that Byline Bancorp, Inc. will post 3.39 EPS for the current year.

Byline Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 17th. Shareholders of record on Tuesday, November 3rd will be given a dividend of $0.14 per share. The ex-dividend date is Tuesday, November 3rd. This represents a $0.56 annualized dividend and a dividend yield of 1.5%. Byline Bancorp’s payout ratio is presently 16.33%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BY. Piper Sandler boosted their price objective on shares of Byline Bancorp from $40.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Stephens set a $40.00 price objective on shares of Byline Bancorp in a report on Monday, July 27th. Weiss Ratings restated a “buy (b)” rating on shares of Byline Bancorp in a report on Friday, August 7th. Hovde Group raised their target price on shares of Byline Bancorp from $39.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Finally, Zacks Research downgraded shares of Byline Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Byline Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Hedge Funds Weigh In On Byline Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BY. Allworth Financial LP bought a new position in shares of Byline Bancorp in the second quarter valued at about $61,000. Royal Bank of Canada boosted its holdings in shares of Byline Bancorp by 58.3% during the 1st quarter. Royal Bank of Canada now owns 2,332 shares of the company’s stock worth $73,000 after buying an additional 859 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Byline Bancorp during the second quarter worth approximately $130,000. Globeflex Capital L P acquired a new position in shares of Byline Bancorp in the second quarter valued at approximately $154,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of Byline Bancorp by 72.8% during the third quarter. Nisa Investment Advisors LLC now owns 4,422 shares of the company’s stock worth $163,000 after purchasing an additional 1,863 shares during the period. 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. 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.