Insider Buying: Byline Bancorp, Inc. (NYSE:BY) Director Acquires 600 Shares of Stock

Financial News Live · May 5, 2023 06:33

Byline Bancorp, Inc. (NYSE:BY – Get Rating) Director Mary Jo S. Herseth purchased 600 shares of the firm's stock in a transaction dated Tuesday, May 2nd. The shares were bought at an average price of $18.32 per share, for a total transaction of $10,992.00. Following the completion of the transaction, the director now owns 13,492 shares of the company's stock, valued at $247,173.44. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Byline Bancorp Price Performance

BY traded down $0.70 during midday trading on Thursday, hitting $16.87. The stock had a trading volume of 174,132 shares, compared to its average volume of 112,825. The company has a market cap of $636.17 million, a P/E ratio of 6.91 and a beta of 1.18. The business has a fifty day moving average of $21.22 and a 200 day moving average of $22.52. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.93 and a current ratio of 0.94. Byline Bancorp, Inc. has a 1 year low of $16.40 and a 1 year high of $26.00.

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Byline Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 23rd. Shareholders of record on Tuesday, May 9th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.13%. The ex-dividend date is Monday, May 8th. Byline Bancorp's dividend payout ratio is currently 14.75%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler decreased their price objective on shares of Byline Bancorp from $29.00 to $25.00 in a research report on Tuesday.

Institutional Trading of Byline Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of Byline Bancorp by 100.0% during 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. Bank of New York Mellon Corp increased its holdings in shares of Byline Bancorp by 1.7% during the first quarter. Bank of New York Mellon Corp now owns 127,968 shares of the company's stock valued at $3,414,000 after acquiring an additional 2,135 shares in the last quarter. MetLife Investment Management LLC increased its holdings in Byline Bancorp by 53.6% in the 1st quarter. MetLife Investment Management LLC now owns 13,551 shares of the company's stock worth $362,000 after buying an additional 4,730 shares in the last quarter. BlackRock Inc. boosted its position in Byline Bancorp by 2.2% in the first quarter. BlackRock Inc. now owns 1,942,398 shares of the company's stock worth $51,824,000 after purchasing an additional 42,019 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Byline Bancorp by 9.5% in the first quarter. Dimensional Fund Advisors LP now owns 942,858 shares of the company's stock worth $25,155,000 after purchasing an additional 81,774 shares during the last quarter. Hedge funds and other institutional investors own 47.06% of the company's stock.

Byline Bancorp Company Profile

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Byline Bancorp, Inc is a holding company, which engages in business through its subsidiary, Byline Bank, a full services commercial bank. It offers a broad range of banking products and service to small and medium sized businesses, commercial real estate and financial sponsors, and to consumers in the branch areas.