Byline Bancorp (NYSE:BY) Given Overweight Rating at Piper Sandler

Piper Sandler reiterated their overweight rating on shares of Byline Bancorp (NYSE:BY) in a report released on Tuesday morning, Benzinga reports. The brokerage currently has a $34.00 target price on the stock.

A number of other research firms have also weighed in on BY. Stephens increased their target price on shares of Byline Bancorp from $27.00 to $29.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Keefe, Bruyette & Woods increased their price objective on Byline Bancorp from $25.00 to $29.00 and gave the stock a “market perform” rating in a report on Monday, July 29th.

Byline Bancorp Stock Down 0.6 %

Shares of NYSE BY opened at $26.74 on Tuesday. The firm’s fifty day moving average is $26.59 and its 200 day moving average is $24.93. Byline Bancorp has a 52 week low of $19.25 and a 52 week high of $29.49. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 9.72 and a beta of 1.12.

Byline Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Tuesday, November 5th. Byline Bancorp’s dividend payout ratio is currently 13.09%.

Insider Buying and Selling

In other Byline Bancorp news, insider Brogan Ptacin sold 11,812 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $27.65, for a total transaction of $326,601.80. Following the transaction, the insider now owns 25,588 shares in the company, valued at approximately $707,508.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Byline Bancorp news, Director Pamela C. Stewart purchased 3,850 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average cost of $25.99 per share, for a total transaction of $100,061.50. Following the purchase, the director now directly owns 6,336 shares in the company, valued at $164,672.64. The trade was a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brogan Ptacin sold 11,812 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $27.65, for a total transaction of $326,601.80. Following the sale, the insider now directly owns 25,588 shares in the company, valued at $707,508.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 30.06% of the stock is owned by insiders.

Hedge Funds Weigh In On Byline Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in shares of Byline Bancorp by 6.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,855,547 shares of the company’s stock worth $44,049,000 after buying an additional 106,940 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Byline Bancorp by 20.4% during the second quarter. American Century Companies Inc. now owns 518,727 shares of the company’s stock valued at $12,315,000 after acquiring an additional 87,796 shares in the last quarter. Fiducient Advisors LLC purchased a new position in shares of Byline Bancorp in the 3rd quarter worth about $1,730,000. Vanguard Group Inc. raised its position in shares of Byline Bancorp by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 1,551,552 shares of the company’s stock worth $33,700,000 after purchasing an additional 51,682 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Byline Bancorp by 48.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 140,630 shares of the company’s stock worth $3,765,000 after purchasing an additional 46,052 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

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.