Byline Bancorp Inc (NYSE:BY) insider Owen Beacom sold 28,350 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $13.48, for a total transaction of $382,158.00. Following the completion of the transaction, the insider now owns 63,291 shares in the company, valued at approximately $853,162.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Owen Beacom also recently made the following trade(s):
- On Monday, August 10th, Owen Beacom sold 13,647 shares of Byline Bancorp stock. The stock was sold at an average price of $13.78, for a total transaction of $188,055.66.
- On Friday, July 31st, Owen Beacom sold 10,956 shares of Byline Bancorp stock. The stock was sold at an average price of $13.04, for a total transaction of $142,866.24.
- On Monday, August 3rd, Owen Beacom sold 5,387 shares of Byline Bancorp stock. The stock was sold at an average price of $12.82, for a total transaction of $69,061.34.
Byline Bancorp stock opened at $12.91 on Friday. Byline Bancorp Inc has a 12-month low of $8.13 and a 12-month high of $20.73. The firm’s fifty day moving average is $12.89 and its 200 day moving average is $13.09. The company has a market capitalization of $502.81 million, a PE ratio of 11.28, a PEG ratio of 1.42 and a beta of 1.52.
Byline Bancorp (NYSE:BY) last announced its quarterly earnings results on Friday, July 24th. The company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.20. The business had revenue of $65.40 million during the quarter, compared to analyst estimates of $62.10 million. Byline Bancorp had a net margin of 14.00% and a return on equity of 6.00%. On average, analysts anticipate that Byline Bancorp Inc will post 0.93 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in BY. Advisor Group Holdings Inc. bought a new stake in Byline Bancorp during the 1st quarter valued at $33,000. Denali Advisors LLC bought a new stake in Byline Bancorp during the 2nd quarter valued at $35,000. Nisa Investment Advisors LLC bought a new stake in Byline Bancorp during the 1st quarter valued at $65,000. Citigroup Inc. increased its stake in Byline Bancorp by 39.1% during the 1st quarter. Citigroup Inc. now owns 6,578 shares of the company’s stock valued at $68,000 after purchasing an additional 1,850 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in Byline Bancorp by 27.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,205 shares of the company’s stock valued at $75,000 after purchasing an additional 1,543 shares in the last quarter. Institutional investors and hedge funds own 40.83% of the company’s stock.
A number of research analysts recently issued reports on BY shares. Piper Sandler boosted their target price on shares of Byline Bancorp from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. TheStreet upgraded shares of Byline Bancorp from a “d” rating to a “c” rating in a research report on Monday, June 29th. ValuEngine downgraded shares of Byline Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Finally, Zacks Investment Research upgraded shares of Byline Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Byline Bancorp currently has an average rating of “Hold” and a consensus price target of $18.33.
Byline Bancorp Company Profile
Byline Bancorp, Inc operates as the bank holding company for Byline Bank that provides a range of banking products and services to small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the United States. It offers non-interest bearing accounts, money market demand accounts, savings accounts, interest bearing checking accounts, and time deposits, as well as certificates of deposit.
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