Antonio Del Valle Perochena Buys Handful Of Shares In Byline Bancorp

Byline Bancorp, Inc. (NYSE:BY) shareholders (or potential shareholders) will be happy to see that the Lead Independent Director, Antonio Del Valle Perochena, recently bought a whopping US$1.0m worth of stock, at a price of US$24.75. While that only increased their holding size by 0.3%, it is still a big swing by our standards.

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Byline Bancorp Insider Transactions Over The Last Year

Notably, that recent purchase by Antonio Del Valle Perochena is the biggest insider purchase of Byline Bancorp shares that we've seen in the last year. That implies that an insider found the current price of US$25.21 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Byline Bancorp insiders decided to buy shares at close to current prices.

Happily, we note that in the last year insiders paid US$1.4m for 57.79k shares. On the other hand they divested 42.51k shares, for US$1.2m. In total, Byline Bancorp insiders bought more than they sold over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

Check out our latest analysis for Byline Bancorp

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Does Byline Bancorp Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Byline Bancorp insiders own about US$377m worth of shares (which is 34% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Byline Bancorp Tell Us?

It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Byline Bancorp. That's what I like to see! Of course, the future is what matters most. So if you are interested in Byline Bancorp, you should check out this free report on analyst forecasts for the company.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.