Inspire Investing LLC Purchases 32,599 Shares of Byline Bancorp, Inc. (NYSE:BY)

Inspire Investing LLC raised its position in shares of Byline Bancorp, Inc. (NYSE:BY) by 196.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,169 shares of the company’s stock after purchasing an additional 32,599 shares during the period. Inspire Investing LLC owned about 0.11% of Byline Bancorp worth $1,167,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of BY. Swiss National Bank raised its position in Byline Bancorp by 12.9% during the 4th quarter. Swiss National Bank now owns 60,300 shares of the company’s stock valued at $1,421,000 after purchasing an additional 6,900 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Byline Bancorp by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 220,717 shares of the company’s stock valued at $5,200,000 after acquiring an additional 8,846 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Byline Bancorp by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,626,661 shares of the company’s stock valued at $38,325,000 after acquiring an additional 68,552 shares during the period. Trexquant Investment LP purchased a new position in shares of Byline Bancorp in the 4th quarter valued at $320,000. Finally, Quest Partners LLC purchased a new position in shares of Byline Bancorp in the 4th quarter valued at $371,000. 67.73% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Pamela C. Stewart purchased 3,850 shares of the stock in a transaction on Wednesday, August 7th. The stock was bought at an average price of $25.99 per share, with a total value of $100,061.50. Following the transaction, the director now owns 6,336 shares in the company, valued at approximately $164,672.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Pamela C. Stewart purchased 3,850 shares of the stock in a transaction on Wednesday, August 7th. The stock was bought at an average price of $25.99 per share, with a total value of $100,061.50. Following the transaction, the director now owns 6,336 shares in the company, valued at approximately $164,672.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Barkidjija sold 27,009 shares of Byline Bancorp stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $28.18, for a total value of $761,113.62. Following the sale, the insider now directly owns 22,691 shares of the company’s stock, valued at approximately $639,432.38. The disclosure for this sale can be found here. Insiders have sold a total of 40,309 shares of company stock worth $1,131,254 in the last ninety days. 30.06% of the stock is owned by insiders.

Byline Bancorp Price Performance

Shares of BY stock opened at $27.56 on Friday. Byline Bancorp, Inc. has a 1-year low of $18.39 and a 1-year high of $29.49. The stock’s fifty day moving average price is $26.84 and its 200 day moving average price is $23.75. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 10.09 and a beta of 1.12.

Byline Bancorp (NYSE:BY) last announced its earnings results on Thursday, July 25th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.05. Byline Bancorp had a return on equity of 12.69% and a net margin of 19.42%. The firm had revenue of $154.41 million for the quarter, compared to the consensus estimate of $99.25 million. During the same period in the previous year, the business earned $0.73 EPS. As a group, equities research analysts anticipate that Byline Bancorp, Inc. will post 2.67 earnings per share for the current year.

Byline Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, August 6th were paid a dividend of $0.09 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.36 annualized dividend and a yield of 1.31%. Byline Bancorp’s dividend payout ratio (DPR) is 13.19%.

Analyst Ratings Changes

BY has been the topic of a number of analyst reports. Stephens lifted 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. Piper Sandler reiterated an “overweight” rating and issued a $34.00 price target (up from $27.00) on shares of Byline Bancorp in a report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods lifted their price target on Byline Bancorp from $25.00 to $29.00 and gave the company a “market perform” rating in a report on Monday, July 29th.

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.