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

Byline Bancorp, Inc. (NYSE:BY – Get Rating) was the target of a significant growth in short interest in the month of December. As of December 30th, there was short interest totalling 959,900 shares, a growth of 7.1% from the December 15th total of 895,900 shares. Approximately 4.2% of the shares of the company are sold short. Based on an average daily volume of 98,200 shares, the short-interest ratio is currently 9.8 days.

Byline Bancorp Price Performance

NYSE BY opened at $22.87 on Wednesday. Byline Bancorp has a 1-year low of $20.15 and a 1-year high of $28.50. The business has a 50 day simple moving average of $22.79 and a two-hundred day simple moving average of $22.64. The stock has a market capitalization of $856.85 million, a PE ratio of 10.49 and a beta of 1.16.

Byline Bancorp (NYSE:BY – Get Rating) last posted its earnings results on Thursday, October 27th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. The firm had revenue of $80.87 million during the quarter, compared to analyst estimates of $79.13 million. Byline Bancorp had a net margin of 24.42% and a return on equity of 11.70%. On average, analysts anticipate that Byline Bancorp will post 2.32 EPS for the current fiscal year.

Insider Buying and Selling at Byline Bancorp

In related news, major shareholder Investors I. L.P. Mbg acquired 45,000 shares of the firm’s stock in a transaction dated Wednesday, December 7th. The shares were purchased at an average price of $22.55 per share, with a total value of $1,014,750.00. Following the completion of the purchase, the insider now directly owns 11,555,601 shares of the company’s stock, valued at $260,578,802.55. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, major shareholder Investors I. L.P. Mbg acquired 45,000 shares of the firm’s stock in a transaction dated Wednesday, December 7th. The shares were purchased at an average cost of $22.55 per share, for a total transaction of $1,014,750.00. Following the transaction, the insider now directly owns 11,555,601 shares of the company’s stock, valued at $260,578,802.55. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Investors I. L.P. Mbg bought 43,478 shares of the stock in a transaction that occurred on Monday, December 5th. The shares were purchased at an average price of $22.52 per share, for a total transaction of $979,124.56. Following the purchase, the insider now owns 11,510,601 shares in the company, valued at approximately $259,218,734.52. The disclosure for this purchase can be found here. 35.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Byline Bancorp

A number of large investors have recently made changes to their positions in the business. Lazard Asset Management LLC purchased a new position in Byline Bancorp during the second quarter worth $28,000. Romano Brothers AND Company purchased a new position in shares of Byline Bancorp during the 4th quarter worth about $37,000. Quantbot Technologies LP bought a new position in Byline Bancorp during the 3rd quarter valued at about $42,000. Amalgamated Bank bought a new position in Byline Bancorp during the 1st quarter valued at about $80,000. Finally, Hsbc Holdings PLC purchased a new stake in Byline Bancorp in the 1st quarter worth about $214,000. 47.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BY. Piper Sandler upped their price target on Byline Bancorp to $27.00 in a research note on Friday, November 4th. Hovde Group dropped their target price on shares of Byline Bancorp to $28.00 in a research report on Tuesday, November 1st.

About Byline Bancorp

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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.