Byline Bancorp, Inc. (NYSE:BY) Sees Significant Decrease in Short Interest

Byline Bancorp, Inc. (NYSE:BY) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 405,600 shares, a decrease of 7.2% from the March 15th total of 437,300 shares. Approximately 1.6% of the company’s shares are short sold. Based on an average daily volume of 100,400 shares, the short-interest ratio is currently 4.0 days.

Byline Bancorp Trading Down 0.0 %

Shares of Byline Bancorp stock opened at $20.18 on Tuesday. The company’s fifty day simple moving average is $20.83 and its 200-day simple moving average is $21.12. The stock has a market capitalization of $895.57 million, a PE ratio of 7.56 and a beta of 1.14. Byline Bancorp has a 1-year low of $16.40 and a 1-year high of $24.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.92 and a quick ratio of 0.91.

Byline Bancorp (NYSE:BY) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.06. The business had revenue of $100.79 million for the quarter, compared to analysts’ expectations of $101.07 million. Byline Bancorp had a net margin of 20.13% and a return on equity of 13.27%. As a group, equities analysts anticipate that Byline Bancorp will post 2.53 earnings per share for the current year.

Byline Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Tuesday, February 6th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Monday, February 5th. Byline Bancorp’s dividend payout ratio (DPR) is 13.48%.

Insider Transactions at Byline Bancorp

In related news, Director Valle Perochena Antonio Del purchased 7,103 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was bought at an average cost of $20.65 per share, with a total value of $146,676.95. Following the completion of the purchase, the director now directly owns 11,835,145 shares in the company, valued at $244,395,744.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Valle Perochena Antonio Del purchased 7,103 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was bought at an average cost of $20.65 per share, with a total value of $146,676.95. Following the completion of the purchase, the director now directly owns 11,835,145 shares in the company, valued at $244,395,744.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Alberto J. Paracchini sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $21.01, for a total transaction of $420,200.00. Following the transaction, the president now directly owns 205,537 shares of the company’s stock, valued at approximately $4,318,332.37. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 10,585 shares of company stock worth $218,810 and sold 28,409 shares worth $598,238. 35.04% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BY. BlackRock Inc. increased its holdings in shares of Byline Bancorp by 4.5% in the 2nd quarter. BlackRock Inc. now owns 2,235,462 shares of the company’s stock worth $40,439,000 after buying an additional 95,891 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Byline Bancorp by 11.3% during the 1st quarter. Thrivent Financial for Lutherans now owns 1,991,800 shares of the company’s stock worth $43,063,000 after acquiring an additional 202,612 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Byline Bancorp by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,626,661 shares of the company’s stock worth $38,325,000 after acquiring an additional 68,552 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Byline Bancorp by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 1,499,870 shares of the company’s stock worth $35,337,000 after acquiring an additional 49,896 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BY. Stephens reduced their price target on shares of 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. Piper Sandler raised their target price on shares of Byline Bancorp from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th.

About Byline Bancorp

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.