Assenagon Asset Management S.A. Raises Stake in Byline Bancorp, Inc. (NYSE:BY)

Assenagon Asset Management S.A. boosted its holdings in shares of Byline Bancorp, Inc. (NYSE:BYFree Report) by 122.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 122,735 shares of the company’s stock after purchasing an additional 67,614 shares during the period. Assenagon Asset Management S.A. owned approximately 0.28% of Byline Bancorp worth $2,892,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP boosted its holdings in shares of Byline Bancorp by 24.7% in the third quarter. Quantbot Technologies LP now owns 3,831 shares of the company’s stock valued at $76,000 after acquiring an additional 759 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Byline Bancorp by 1.7% in the first quarter. Rhumbline Advisers now owns 49,760 shares of the company’s stock valued at $1,076,000 after acquiring an additional 840 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Byline Bancorp by 0.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 172,801 shares of the company’s stock valued at $3,736,000 after acquiring an additional 986 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Byline Bancorp by 0.7% in the second quarter. Sei Investments Co. now owns 174,299 shares of the company’s stock valued at $4,148,000 after purchasing an additional 1,295 shares during the period. Finally, Capstone Financial Advisors Inc. lifted its stake in shares of Byline Bancorp by 9.3% in the second quarter. Capstone Financial Advisors Inc. now owns 15,871 shares of the company’s stock valued at $287,000 after purchasing an additional 1,350 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, President Alberto J. Paracchini sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $21.01, for a total value of $420,200.00. Following the completion of the transaction, the president now owns 205,537 shares of the company’s stock, valued at $4,318,332.37. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Valle Perochena Antonio Del bought 7,103 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was purchased at an average cost of $20.65 per share, for a total transaction of $146,676.95. Following the completion of the acquisition, the director now owns 11,835,145 shares in the company, valued at $244,395,744.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Alberto J. Paracchini sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $21.01, for a total transaction of $420,200.00. Following the completion of the sale, the president now owns 205,537 shares of the company’s stock, valued at $4,318,332.37. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 10,585 shares of company stock valued at $218,810 and sold 28,409 shares valued at $598,238. Company insiders own 35.04% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler lifted their target price on shares of Byline Bancorp from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th.

Check Out Our Latest Research Report on Byline Bancorp

Byline Bancorp Stock Performance

Shares of BY opened at $20.87 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.35. The stock has a market cap of $926.21 million, a P/E ratio of 7.82 and a beta of 1.14. The company has a 50-day moving average of $21.12 and a two-hundred day moving average of $21.06. Byline Bancorp, Inc. has a 12-month low of $16.40 and a 12-month high of $24.52.

Byline Bancorp (NYSE:BYGet Free Report) last announced its earnings results on Thursday, January 25th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.06. The company had revenue of $100.79 million during the quarter, compared to analysts’ expectations of $101.07 million. Byline Bancorp had a net margin of 20.13% and a return on equity of 13.27%. As a group, research analysts predict that Byline Bancorp, Inc. will post 2.53 EPS for the current fiscal year.

Byline Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Tuesday, February 6th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Monday, February 5th. Byline Bancorp’s dividend payout ratio is presently 13.48%.

About Byline Bancorp

(Free Report)

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.

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Institutional Ownership by Quarter for Byline Bancorp (NYSE:BY)

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