Byline Bancorp, Inc. (NYSE:BY) Short Interest Update

Byline Bancorp, Inc. (NYSE:BY) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 438,600 shares, an increase of 5.3% from the May 31st total of 416,600 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average daily trading volume, of 106,400 shares, the days-to-cover ratio is presently 4.1 days.

Byline Bancorp Trading Down 1.7 %

Shares of NYSE BY opened at $23.72 on Friday. Byline Bancorp has a 12 month low of $17.67 and a 12 month high of $24.52. The stock has a 50 day moving average of $23.02 and a 200-day moving average of $22.11. The company has a market capitalization of $1.05 billion, a P/E ratio of 8.69 and a beta of 1.14.

Byline Bancorp (NYSE:BY) last issued its earnings results on Friday, April 26th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07. Byline Bancorp had a return on equity of 13.18% and a net margin of 19.91%. The company had revenue of $153.79 million during the quarter, compared to the consensus estimate of $97.35 million. During the same period in the previous year, the company posted $0.65 EPS. Analysts predict that Byline Bancorp will post 2.62 EPS for the current fiscal year.

Byline Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 7th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Monday, May 6th. Byline Bancorp’s dividend payout ratio is 13.19%.

Insider Activity at Byline Bancorp

In other Byline Bancorp news, insider John Barkidjija sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $22.64, for a total transaction of $226,400.00. Following the transaction, the insider now owns 30,691 shares of the company’s stock, valued at approximately $694,844.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 30.06% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Comerica Bank grew its holdings in shares of Byline Bancorp by 17,066.0% during the 1st quarter. Comerica Bank now owns 8,583 shares of the company’s stock worth $186,000 after purchasing an additional 8,533 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Byline Bancorp during the 4th quarter worth $194,000. Arizona State Retirement System bought a new position in Byline Bancorp in the fourth quarter valued at about $201,000. Entropy Technologies LP bought a new position in Byline Bancorp in the first quarter valued at about $216,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Byline Bancorp by 115.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,793 shares of the company’s stock valued at $278,000 after purchasing an additional 6,307 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BY. Hovde Group began coverage on Byline Bancorp in a research report on Monday, May 20th. They set an “outperform” rating and a $27.50 price target on the stock. Stephens lowered their price target on Byline Bancorp from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 3rd.

Byline Bancorp Company Profile

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.