Byline Bancorp Inc (NYSE:BY) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 195,600 shares, a growth of 43.2% from the April 30th total of 136,600 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 69,400 shares, the short-interest ratio is currently 2.8 days.
Several analysts have commented on the stock. TheStreet upgraded shares of Byline Bancorp from a “d+” rating to a “c-” rating in a research note on Tuesday, February 19th. Zacks Investment Research lowered shares of Byline Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th.
In other Byline Bancorp news, Director Robert R. Yohanan sold 10,000 shares of Byline Bancorp stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $20.12, for a total transaction of $201,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary Jo S. Herseth acquired 2,250 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were acquired at an average price of $19.96 per share, with a total value of $44,910.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 4,750 shares of company stock valued at $94,969 and sold 16,799 shares valued at $335,170. 39.21% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of Byline Bancorp by 12.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 64,358 shares of the company’s stock valued at $1,461,000 after buying an additional 7,208 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Byline Bancorp by 24.0% in the 3rd quarter. Vanguard Group Inc. now owns 801,810 shares of the company’s stock valued at $18,201,000 after buying an additional 155,365 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Byline Bancorp by 44.6% in the 4th quarter. Rhumbline Advisers now owns 23,143 shares of the company’s stock valued at $386,000 after buying an additional 7,137 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Byline Bancorp by 0.7% in the 4th quarter. Jennison Associates LLC now owns 1,663,148 shares of the company’s stock valued at $27,708,000 after buying an additional 11,332 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Byline Bancorp by 19.0% in the 4th quarter. First Trust Advisors LP now owns 28,143 shares of the company’s stock valued at $469,000 after buying an additional 4,488 shares in the last quarter. 29.40% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:BY traded up $0.18 during trading on Monday, hitting $19.04. 5,670 shares of the stock traded hands, compared to its average volume of 64,487. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $716.95 million, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 1.18 and a beta of 1.06. The business’s fifty day simple moving average is $19.33. Byline Bancorp has a 52-week low of $15.39 and a 52-week high of $24.50.
Byline Bancorp (NYSE:BY) last posted its earnings results on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.04. The firm had revenue of $62.07 million during the quarter, compared to analyst estimates of $61.70 million. Byline Bancorp had a net margin of 16.67% and a return on equity of 8.97%. As a group, equities research analysts anticipate that Byline Bancorp will post 1.6 EPS for the current fiscal year.
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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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