Creative Planning Buys 7,966 Shares of Byline Bancorp, Inc. (NYSE:BY)

Creative Planning lifted its position in shares of Byline Bancorp, Inc. (NYSE:BY) by 79.7% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,958 shares of the company’s stock after buying an additional 7,966 shares during the quarter. Creative Planning’s holdings in Byline Bancorp were worth $426,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. CWM LLC grew its position in shares of Byline Bancorp by 104.5% during the second quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $31,000 after purchasing an additional 676 shares in the last quarter. Innealta Capital LLC purchased a new position in Byline Bancorp during the 2nd quarter valued at approximately $48,000. Ashton Thomas Private Wealth LLC bought a new stake in Byline Bancorp in the 2nd quarter worth approximately $61,000. nVerses Capital LLC purchased a new stake in shares of Byline Bancorp during the 2nd quarter worth approximately $88,000. Finally, Comerica Bank boosted its position 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 valued at $186,000 after acquiring an additional 8,533 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling at Byline Bancorp

In other news, insider John Barkidjija sold 1,488 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $29.26, for a total value of $43,538.88. Following the sale, the insider now directly owns 30,691 shares of the company’s stock, valued at $898,018.66. 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, insider Brogan Ptacin sold 11,812 shares of the 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 completion of the transaction, the insider now owns 25,588 shares of the company’s stock, valued at $707,508.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Barkidjija sold 1,488 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $29.26, for a total transaction of $43,538.88. Following the completion of the sale, the insider now owns 30,691 shares of the company’s stock, valued at $898,018.66. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,309 shares of company stock worth $1,131,254. 30.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BY has been the topic of several analyst reports. Piper Sandler reissued an “overweight” rating and set a $34.00 price objective (up from $27.00) on shares of Byline Bancorp in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods raised their target price on shares of Byline Bancorp from $25.00 to $29.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th. Finally, Stephens boosted their price target on Byline Bancorp from $27.00 to $29.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th.

Byline Bancorp Price Performance

Shares of Byline Bancorp stock opened at $26.49 on Wednesday. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 9.70 and a beta of 1.12. The firm’s 50-day moving average is $26.35 and its two-hundred day moving average is $24.46. Byline Bancorp, Inc. has a 1 year low of $18.39 and a 1 year high of $29.49.

Byline Bancorp (NYSE:BY) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05. The firm had revenue of $154.41 million for the quarter, compared to the consensus estimate of $99.25 million. Byline Bancorp had a net margin of 19.42% and a return on equity of 12.69%. During the same period last year, the firm earned $0.73 earnings per share. On average, equities analysts expect that Byline Bancorp, Inc. will post 2.67 earnings per share for the current year.

Byline Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 6th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Tuesday, August 6th. Byline Bancorp’s dividend payout ratio (DPR) is presently 13.19%.

Byline Bancorp 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.