Byline Bancorp (NYSE:BY) Sees Strong Trading Volume

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Byline Bancorp, Inc. (NYSE:BYGet Rating) saw strong trading volume on Friday . 7,041 shares were traded during mid-day trading, a decline of 93% from the previous session’s volume of 98,888 shares.The stock last traded at $24.05 and had previously closed at $24.13.

Separately, Janney Montgomery Scott upgraded Byline Bancorp from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 17th.

The stock has a market capitalization of $906.44 million, a PE ratio of 9.91 and a beta of 1.24. The firm has a 50 day moving average price of $24.00 and a 200-day moving average price of $25.72.

Byline Bancorp (NYSE:BYGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.11. The company had revenue of $78.16 million during the quarter, compared to analysts’ expectations of $69.00 million. Byline Bancorp had a return on equity of 12.85% and a net margin of 28.40%. During the same period last year, the business earned $0.57 earnings per share. As a group, equities research analysts predict that Byline Bancorp, Inc. will post 2.23 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 23rd. Shareholders of record on Monday, May 9th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Friday, May 6th. Byline Bancorp’s payout ratio is currently 14.88%.

In related news, EVP Hart Angela E. Major acquired 1,500 shares of Byline Bancorp stock in a transaction that occurred on Thursday, May 12th. The shares were purchased at an average price of $23.46 per share, for a total transaction of $35,190.00. Following the completion of the transaction, the executive vice president now owns 4,169 shares in the company, valued at approximately $97,804.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven P. Kent acquired 2,500 shares of Byline Bancorp stock in a transaction that occurred on Thursday, May 19th. The shares were bought at an average price of $23.71 per share, for a total transaction of $59,275.00. Following the transaction, the director now owns 48,125 shares of the company’s stock, valued at approximately $1,141,043.75. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 4,800 shares of company stock worth $113,145 and sold 23,622 shares worth $586,398. 34.96% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. Lazard Asset Management LLC purchased a new stake in Byline Bancorp in the fourth quarter valued at $27,000. Amalgamated Bank purchased a new stake in Byline Bancorp in the first quarter valued at $80,000. Parkside Investments LLC purchased a new stake in shares of Byline Bancorp in the 1st quarter valued at $105,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Byline Bancorp by 39.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,582 shares of the company’s stock valued at $125,000 after buying an additional 1,289 shares during the period. Finally, Dupont Capital Management Corp purchased a new stake in shares of Byline Bancorp in the 4th quarter valued at $193,000. Institutional investors own 44.18% of the company’s stock.

About Byline Bancorp (NYSE:BY)

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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