Potential Byline Bancorp, Inc. (NYSE:BY) shareholders may wish to note that the Lead Independent Director, Antonio Del Valle Perochena, recently bought US$190k worth of stock, paying US$19.00 for each share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

View our latest analysis for Byline Bancorp

Byline Bancorp Insider Transactions Over The Last Year

In fact, the recent purchase by Lead Independent Director Antonio Del Valle Perochena was not their only acquisition of Byline Bancorp shares this year. Earlier in the year, they paid US$24.99 per share in a US$1.1m purchase. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$19.60). It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

Byline Bancorp insiders may have bought shares in the last year, but they didn't sell any. They paid about US$22.31 on average. These transactions suggest that insiders have considered the current price attractive. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Byline Bancorp is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership Of Byline Bancorp

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Byline Bancorp insiders own 34% of the company, currently worth about US$288m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The Byline Bancorp Insider Transactions Indicate?

It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Byline Bancorp. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Byline Bancorp. Every company has risks, and we've spotted 2 warning signs for Byline Bancorp you should know about.