During December, the number of short positions opened in Byline Bancorp, Inc. (NYSE: BY) saw a significant increase from the previous month. A total of 895,900 shares were available for a short sale as of December 15. This represents a 12.7% increase from the 795,000 shares made available for short sale one month earlier. As a result, 3.9% of the company’s shares are sold on the short market. The current short-interest ratio is 9.1 days, calculated based on an average trading volume of 98,800 shares. The short-interest ratio determined this number.
The most recent earnings report for Byline Bancorp, which is traded on the New York Stock Exchange under the symbol “BY,” was made public on October 27. The company’s earnings per share (EPS) for the quarter came in at $0.61, which was $0.06 higher than the estimates floating around the market, which were $0.55. Byline Bancorp had a return on equity of 11.70% and a net margin of 24.42% for the company overall. In addition, the company reported quarterly revenue of $80.87 million, significantly higher than the estimates provided by industry professionals, which came in at $79.13 million. Sell-side analysts anticipate that Byline Bancorp will generate earnings of 2.33 cents per share during the current fiscal year.
In addition, the company announced and paid out a quarterly dividend on November 22, which was paid out to shareholders at the end of the previous month. On Tuesday, November 8, shareholders who were already on record received their dividend payment of $0.09 per share, which was distributed. As a direct result, the dividend payment is calculated to be $0.36 per year, and the yield comes in at 1.57%. This dividend had its NY announced and paid out a quarterly dividend on November 22, which was paid out to shareholders at the end of the previous month. On Tuesday, November 8, shareholders who were already on record received their dividend payment of $0.09 per share, which was distributed. As a direct result, the dividend payment is calculated to be $0.36 per year, and the yield comes in at 1.57%. This dividend had its ex-dividend date set for November 7, which was a Monday, and it was also the dividend payment date. Byline Bancorp’s payout ratio has currently reached 16.51% as of right now.
The price of one share of NYSE BY fell by $0.22 during trading on Monday, bringing the total cost of ownership for the company to $22.97. The volume of transactions involving the company’s stock was 2,670, compared to the daily average of 113,967 transactions. The company currently has a P/E ratio of 10.54, a market capitalization of $860.59 million, and a beta value of 1.16. The stock’s simple moving average over the past 50 days is $22.78, and its simple moving average over the past 200 days is $22.75, respectively. Byline Bancorp’s stock has traded as low as $20.15 and as high as $20.15 over the past year.
Recently, the organization has had comments from a wide variety of equity research professionals. For example, Piper Sandler stated that they had increased their price objective on Byline Bancorp to $27.00, and the announcement was made public in a research note published on November 4. In addition, Hovde Group stated in a research note released on November 1, 2018, that they now believe Byline Bancorp will reach a price of $28.00 and that this is the price they are targeting as their goal.
In related news, on December 7, the major shareholder Investors I. L. P. Mbg, purchased 45,000 shares of the company’s stock. This is another piece of information that is pertinent. A total investment of $1,014,750.00 was needed to purchase a single share of stock, which works out to an average price of $22.55 per share. As a result of the transaction being completed, the insider now directly owns 11,555,601 shares of the company, which have a value of $260,578,802.55. One can access the file in which it was announced that the acquisition took place by going to the Securities and Exchange Commission (SEC) website. In other news, the significant shareholder Investors I. L. P. Mbg purchased 45,000 shares of the company’s stock on December 7. A total expenditure of $1,014,750.00 is associated with the purchase of the stock. This equates to an average price of $22.55 per share. As a result of the successful transaction completion, the insider now directly owns 11,555,601 shares of the company’s stock, which have a value of $260,578,802.55. You can obtain additional information regarding the acquisition by clicking on the link provided, which will take you to a legal file that has been presented to the SEC. A significant shareholder, Investors I. L. P. Mbg, made an additional purchase of 43,478 shares of the company’s stock on Monday, December 5. The price paid for each share came out to an average of $22.52; the total amount of money spent on the stock transactions was $979,124.56. One of the company’s insiders is the owner of 11,510,601 shares, which have a value of $259,218,734.52 as of now. You should look in this location if you are looking for the disclosure that pertains to this transaction. A stake in the company that is equivalent to 35.50% of the total stock is held by insiders.