SG Americas Securities LLC Invests $194,000 in Byline Bancorp, Inc. (NYSE:BY)

SG Americas Securities LLC acquired a new position in shares of Byline Bancorp, Inc. (NYSE:BY) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 8,216 shares of the company’s stock, valued at approximately $194,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC boosted its position in shares of Byline Bancorp by 18.4% during the third quarter. FMR LLC now owns 767,331 shares of the company’s stock worth $15,124,000 after buying an additional 119,383 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Byline Bancorp in the third quarter worth approximately $1,086,000. Alps Advisors Inc. lifted its position in Byline Bancorp by 14.1% in the third quarter. Alps Advisors Inc. now owns 16,362 shares of the company’s stock worth $322,000 after purchasing an additional 2,027 shares during the period. Wedge Capital Management L L P NC acquired a new stake in Byline Bancorp in the third quarter worth approximately $388,000. Finally, Barclays PLC lifted its position in Byline Bancorp by 28.1% in the second quarter. Barclays PLC now owns 48,651 shares of the company’s stock worth $881,000 after purchasing an additional 10,667 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Byline Bancorp

In other news, Director Valle Perochena Antonio Del bought 7,103 shares of the business’s stock in a transaction on Friday, March 1st. The shares were bought at an average cost of $20.65 per share, with a total value of $146,676.95. Following the purchase, the director now directly owns 11,835,145 shares in the company, valued at $244,395,744.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Byline Bancorp news, President Alberto J. Paracchini sold 20,000 shares of the business’s stock in a transaction 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 sale, the president now directly owns 205,537 shares of the company’s stock, valued at approximately $4,318,332.37. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Valle Perochena Antonio Del bought 7,103 shares of the business’s stock in a transaction on Friday, March 1st. The shares were purchased at an average cost of $20.65 per share, for a total transaction of $146,676.95. Following the completion of the purchase, the director now owns 11,835,145 shares in the company, valued at $244,395,744.25. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 10,585 shares of company stock valued at $218,810 and have sold 28,409 shares valued at $598,238. 35.04% of the stock is owned by corporate insiders.

Byline Bancorp Price Performance

NYSE BY opened at $20.19 on Friday. The stock has a market capitalization of $896.03 million, a P/E ratio of 7.56 and a beta of 1.14. Byline Bancorp, Inc. has a 1 year low of $16.40 and a 1 year high of $24.52. The business’s fifty day moving average is $20.84 and its two-hundred day moving average is $21.10. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.91 and a current ratio of 0.92.

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

Byline Bancorp Dividend Announcement

The business 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 was Monday, February 5th. This represents a $0.36 annualized dividend and a dividend yield of 1.78%. Byline Bancorp’s dividend payout ratio is currently 13.48%.

Analysts Set New Price Targets

A number of research firms have weighed in on BY. Stephens cut their target price on Byline Bancorp from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 3rd. Piper Sandler upped their target price on Byline Bancorp from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th.

Byline Bancorp 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.