Vanguard Group Inc. Acquires 79,051 Shares of Byline Bancorp, Inc. (NYSE:BY)

Vanguard Group Inc. lifted its holdings in shares of Byline Bancorp, Inc. (NYSE:BY) by 5.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,449,974 shares of the company’s stock after purchasing an additional 79,051 shares during the period. Vanguard Group Inc.’s holdings in Byline Bancorp were worth $28,579,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in BY. JPMorgan Chase & Co. lifted its stake in shares of Byline Bancorp by 100.0% during the first quarter. JPMorgan Chase & Co. now owns 477,177 shares of the company’s stock valued at $12,731,000 after acquiring an additional 238,563 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Byline Bancorp by 1.7% during the first quarter. Bank of New York Mellon Corp now owns 127,968 shares of the company’s stock valued at $3,414,000 after acquiring an additional 2,135 shares during the period. MetLife Investment Management LLC lifted its stake in shares of Byline Bancorp by 53.6% during the first quarter. MetLife Investment Management LLC now owns 13,551 shares of the company’s stock valued at $362,000 after acquiring an additional 4,730 shares during the period. BlackRock Inc. lifted its stake in shares of Byline Bancorp by 2.2% during the first quarter. BlackRock Inc. now owns 1,942,398 shares of the company’s stock valued at $51,824,000 after acquiring an additional 42,019 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Byline Bancorp by 9.5% during the first quarter. Dimensional Fund Advisors LP now owns 942,858 shares of the company’s stock valued at $25,155,000 after acquiring an additional 81,774 shares during the period. Institutional investors own 67.73% of the company’s stock.

Byline Bancorp Trading Down 0.3 %

NYSE:BY opened at $20.20 on Friday. Byline Bancorp, Inc. has a 1-year low of $16.40 and a 1-year high of $24.52. The business’s 50-day moving average price is $20.84 and its two-hundred day moving average price is $21.09. 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 firm has a market capitalization of $896.25 million, a price-to-earnings ratio of 7.56 and a beta of 1.14.

Byline Bancorp (NYSE:BY) last released its earnings results on Thursday, January 25th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.06. Byline Bancorp had a return on equity of 13.27% and a net margin of 20.13%. The firm had revenue of $100.79 million for the quarter, compared to analyst estimates of $101.07 million. On average, equities analysts expect that Byline Bancorp, Inc. will post 2.53 earnings per share for the current year.

Byline Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Tuesday, February 6th were issued a $0.09 dividend. The ex-dividend date of this dividend was Monday, February 5th. This represents a $0.36 annualized dividend and a dividend yield of 1.78%. Byline Bancorp’s dividend payout ratio (DPR) is currently 13.48%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BY shares. Stephens cut their price target on Byline Bancorp from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 3rd. Piper Sandler increased their target price on Byline Bancorp from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th.

Insiders Place Their Bets

In other Byline Bancorp news, President Alberto J. Paracchini sold 20,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $21.01, for a total value of $420,200.00. Following the completion of the sale, the president now directly owns 205,537 shares in the company, valued at $4,318,332.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Byline Bancorp news, President Alberto J. Paracchini sold 20,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $21.01, for a total value of $420,200.00. Following the completion of the sale, the president now directly owns 205,537 shares in the company, valued at $4,318,332.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Alberto J. Paracchini sold 2,100 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $21.19, for a total value of $44,499.00. Following the completion of the sale, the president now owns 197,991 shares of the company’s stock, valued at $4,195,429.29. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 10,585 shares of company stock worth $218,810 and sold 28,409 shares worth $598,238. Corporate insiders own 35.04% of the company’s stock.

Byline Bancorp Company Profile

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.