Byline Bancorp, Inc. (NYSE:BY) Director Buys $59,275.00 in Stock

Byline Bancorp, Inc. (NYSE:BYGet Rating) Director Steven P. Kent acquired 2,500 shares of the stock in a transaction that occurred on Thursday, May 19th. The stock was purchased at an average cost of $23.71 per share, with a total value of $59,275.00. Following the completion of the acquisition, the director now owns 48,125 shares of the company’s stock, valued at $1,141,043.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

BY stock traded up $0.71 during trading on Monday, reaching $24.45. 150,983 shares of the company were exchanged, compared to its average volume of 118,012. Byline Bancorp, Inc. has a twelve month low of $21.41 and a twelve month high of $29.15. The company has a 50-day moving average of $24.88 and a two-hundred day moving average of $26.43. The company has a market capitalization of $924.16 million, a price-to-earnings ratio of 9.81 and a beta of 1.29.

Byline Bancorp (NYSE:BYGet Rating) last released its quarterly earnings data on Thursday, April 28th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. Byline Bancorp had a net margin of 28.40% and a return on equity of 12.96%. During the same period last year, the business earned $0.57 EPS. As a group, research analysts forecast that Byline Bancorp, Inc. will post 2.1 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 23rd. Investors of record on Monday, May 9th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, May 6th. This represents a $0.36 dividend on an annualized basis and a yield of 1.47%. Byline Bancorp’s dividend payout ratio (DPR) is presently 14.88%.

A number of large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its position in shares of Byline Bancorp by 22.8% in the third quarter. Goldman Sachs Group Inc. now owns 195,178 shares of the company’s stock valued at $4,794,000 after acquiring an additional 36,197 shares during the period. Assenagon Asset Management S.A. bought a new stake in Byline Bancorp during the fourth quarter valued at approximately $3,199,000. Two Sigma Investments LP lifted its position in Byline Bancorp by 56.2% during the third quarter. Two Sigma Investments LP now owns 205,821 shares of the company’s stock valued at $5,055,000 after purchasing an additional 74,064 shares during the last quarter. Barclays PLC lifted its position in Byline Bancorp by 46.9% during the third quarter. Barclays PLC now owns 30,620 shares of the company’s stock valued at $752,000 after purchasing an additional 9,780 shares during the last quarter. Finally, Citigroup Inc. lifted its position in Byline Bancorp by 89.8% during the third quarter. Citigroup Inc. now owns 3,179 shares of the company’s stock valued at $78,000 after purchasing an additional 1,504 shares during the last quarter. Hedge funds and other institutional investors own 44.18% of the company’s stock.

BY has been the subject of a number of recent research reports. Janney Montgomery Scott upgraded shares of Byline Bancorp from a “neutral” rating to a “buy” rating in a report on Tuesday, May 17th. 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.

About Byline Bancorp (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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