Byline Bancorp (NYSE:BY) Sees Strong Trading Volume

Shares of Byline Bancorp, Inc. (NYSE:BY) saw unusually-strong trading volume on Friday . Approximately 250,860 shares were traded during trading, an increase of 115% from the previous session’s volume of 116,940 shares.The stock last traded at $25.29 and had previously closed at $24.90.

Analyst Ratings Changes

Several analysts have weighed in on BY shares. Hovde Group initiated coverage on shares of Byline Bancorp in a research note on Monday, May 20th. They issued an “outperform” rating and a $27.50 price target for the company. Stephens lowered their price target on Byline Bancorp from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 3rd.

Byline Bancorp Price Performance

The company has a market cap of $1.12 billion, a P/E ratio of 9.12 and a beta of 1.14. The stock’s 50-day moving average is $23.19 and its two-hundred day moving average is $22.11.

Byline Bancorp (NYSE:BY) last posted its earnings results on Friday, April 26th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The company had revenue of $153.79 million for the quarter, compared to the consensus estimate of $97.35 million. Byline Bancorp had a return on equity of 13.18% and a net margin of 19.91%. During the same quarter in the prior year, the company earned $0.65 earnings per share. On average, analysts predict that Byline Bancorp, Inc. will post 2.62 EPS for the current year.

Byline Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 7th were given a dividend of $0.09 per share. The ex-dividend date was Monday, May 6th. This represents a $0.36 annualized dividend and a yield of 1.42%. Byline Bancorp’s dividend payout ratio (DPR) is presently 13.19%.

Insiders Place Their Bets

In other Byline Bancorp news, insider John Barkidjija sold 10,000 shares of Byline Bancorp stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $22.64, for a total transaction of $226,400.00. Following the transaction, the insider now owns 30,691 shares of the company’s stock, valued at $694,844.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 30.06% of the company’s stock.

Hedge Funds Weigh In On Byline Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of BY. CWM LLC boosted its position in shares of Byline Bancorp by 104.5% during the 2nd quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $31,000 after acquiring an additional 676 shares during the last quarter. SG Americas Securities LLC bought a new position in Byline Bancorp during the fourth quarter valued at $194,000. Arizona State Retirement System bought a new stake in shares of Byline Bancorp in the 4th quarter worth about $201,000. Comerica Bank raised its position in shares of Byline Bancorp by 17,066.0% during the 1st quarter. Comerica Bank now owns 8,583 shares of the company’s stock valued at $186,000 after buying an additional 8,533 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in shares of Byline Bancorp in the 1st quarter valued at about $216,000. 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.