Byline Bancorp Inc (NYSE:BY) Sees Large Decrease in Short Interest

Byline Bancorp Inc (NYSE:BY) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totalling 165,900 shares, a decrease of 15.2% from the May 15th total of 195,600 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 77,000 shares, the short-interest ratio is currently 2.2 days.

In other news, Director William G. Kistner bought 2,450 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were bought at an average price of $20.03 per share, with a total value of $49,073.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary Jo S. Herseth bought 2,250 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was purchased at an average cost of $19.96 per share, for a total transaction of $44,910.00. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 4,750 shares of company stock worth $94,969 and have sold 16,799 shares worth $335,170. Corporate insiders own 39.21% of the company’s stock.

Several large investors have recently bought and sold shares of BY. Rhumbline Advisers raised its position in Byline Bancorp by 44.6% during the 4th quarter. Rhumbline Advisers now owns 23,143 shares of the company’s stock worth $386,000 after purchasing an additional 7,137 shares during the last quarter. First Trust Advisors LP raised its position in Byline Bancorp by 19.0% during the 4th quarter. First Trust Advisors LP now owns 28,143 shares of the company’s stock worth $469,000 after purchasing an additional 4,488 shares during the last quarter. BlackRock Inc. raised its position in Byline Bancorp by 2.0% during the 4th quarter. BlackRock Inc. now owns 855,673 shares of the company’s stock worth $14,255,000 after purchasing an additional 16,721 shares during the last quarter. Bank of New York Mellon Corp raised its position in Byline Bancorp by 38.3% during the 4th quarter. Bank of New York Mellon Corp now owns 88,976 shares of the company’s stock worth $1,482,000 after purchasing an additional 24,618 shares during the last quarter. Finally, Advisor Group Inc. raised its position in Byline Bancorp by 6,390.0% during the 4th quarter. Advisor Group Inc. now owns 3,245 shares of the company’s stock worth $54,000 after purchasing an additional 3,195 shares during the last quarter. 29.40% of the stock is currently owned by institutional investors.

Shares of Byline Bancorp stock opened at $19.27 on Friday. 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’s 50-day simple moving average is $18.97. Byline Bancorp has a 1-year low of $15.39 and a 1-year high of $24.20. The firm has a market cap of $732.53 million, a P/E ratio of 12.35, a P/E/G ratio of 1.22 and a beta of 1.00.

Byline Bancorp (NYSE:BY) last issued its earnings results on Thursday, April 25th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.04. Byline Bancorp had a return on equity of 8.97% and a net margin of 16.67%. The company had revenue of $62.07 million during the quarter, compared to the consensus estimate of $61.70 million. Analysts forecast that Byline Bancorp will post 1.59 earnings per share for the current fiscal year.

Separately, Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th.

About Byline Bancorp

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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