Byline Bancorp, Inc. (NYSE:BY) Short Interest Up 21.3% in April

Byline Bancorp, Inc. (NYSE:BYGet Rating) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 425,100 shares, an increase of 21.3% from the April 15th total of 350,500 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average trading volume of 117,700 shares, the days-to-cover ratio is presently 3.6 days.

In other news, insider John Barkidjija sold 20,000 shares of the stock in a transaction dated Friday, March 11th. The shares were sold at an average price of $27.38, for a total value of $547,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Hart Angela E. Major purchased 1,000 shares of the business’s stock in a transaction dated Friday, February 25th. The stock was bought at an average price of $27.30 per share, with a total value of $27,300.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 3,300 shares of company stock worth $81,170 over the last 90 days. Insiders own 34.96% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. River Oaks Capital LLC purchased a new stake in shares of Byline Bancorp during the fourth quarter valued at approximately $2,128,000. Thrivent Financial for Lutherans increased its stake in shares of Byline Bancorp by 233.8% in the third quarter. Thrivent Financial for Lutherans now owns 1,569,168 shares of the company’s stock valued at $38,539,000 after purchasing an additional 1,099,006 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Byline Bancorp by 100.0% in the first quarter. JPMorgan Chase & Co. now owns 477,177 shares of the company’s stock valued at $12,731,000 after purchasing an additional 238,563 shares during the period. State Street Corp boosted its holdings in shares of Byline Bancorp by 42.5% in the fourth quarter. State Street Corp now owns 774,511 shares of the company’s stock valued at $21,183,000 after acquiring an additional 231,100 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in Byline Bancorp by 274.1% during the third quarter. Millennium Management LLC now owns 217,521 shares of the company’s stock worth $5,342,000 after buying an additional 159,377 shares in the last quarter. Hedge funds and other institutional investors own 44.18% of the company’s stock.

A number of equities research analysts recently commented on the stock. Janney Montgomery Scott raised shares of Byline Bancorp from a “neutral” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research raised shares of Byline Bancorp from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective on the stock in a research note on Wednesday, May 4th.

Shares of BY stock traded down $0.24 during trading hours on Wednesday, hitting $23.92. 347 shares of the company were exchanged, compared to its average volume of 103,860. The firm has a market cap of $904.18 million, a PE ratio of 9.98 and a beta of 1.29. Byline Bancorp has a 1 year low of $21.41 and a 1 year high of $29.15. The firm has a fifty day moving average of $25.11 and a 200 day moving average of $26.50.

Byline Bancorp (NYSE:BYGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.11. Byline Bancorp had a net margin of 28.40% and a return on equity of 12.85%. During the same quarter last year, the company posted $0.57 EPS. As a group, equities research analysts predict that Byline Bancorp will post 2 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 23rd. Investors of record on Monday, May 9th will be issued a $0.09 dividend. The ex-dividend date is Friday, May 6th. This represents a $0.36 annualized dividend and a yield of 1.51%. Byline Bancorp’s payout ratio is 14.88%.

Byline Bancorp Company Profile (Get Rating)

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.

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