Federated Hermes Inc. Acquires 6,720 Shares of Byline Bancorp, Inc. (NYSE:BY)

Federated Hermes Inc. lifted its position in Byline Bancorp, Inc. (NYSE:BY) by 2.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 329,217 shares of the company’s stock after acquiring an additional 6,720 shares during the period. Federated Hermes Inc.’s holdings in Byline Bancorp were worth $7,756,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Byline Bancorp by 115.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,793 shares of the company’s stock worth $278,000 after acquiring an additional 6,307 shares in the last quarter. Arizona State Retirement System bought a new position in shares of Byline Bancorp in the 4th quarter worth approximately $201,000. Denali Advisors LLC raised its position in shares of Byline Bancorp by 19.2% in the 4th quarter. Denali Advisors LLC now owns 18,000 shares of the company’s stock worth $424,000 after acquiring an additional 2,900 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Byline Bancorp by 122.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 122,735 shares of the company’s stock worth $2,892,000 after acquiring an additional 67,614 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Byline Bancorp in the 4th quarter worth approximately $194,000. Institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in 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 upped their price target on Byline Bancorp from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th.

Byline Bancorp Stock Performance

Byline Bancorp stock opened at $21.41 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $950.15 million, a P/E ratio of 8.02 and a beta of 1.14. The stock’s 50 day moving average is $20.80 and its 200 day moving average is $21.16. Byline Bancorp, Inc. has a twelve month low of $16.40 and a twelve month high of $24.52.

Byline Bancorp (NYSE:BY) last issued its earnings results on Thursday, January 25th. The company reported $0.73 EPS 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 business had revenue of $100.79 million for the quarter, compared to the consensus estimate of $101.07 million. On average, equities research analysts predict that Byline Bancorp, Inc. will post 2.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Byline Bancorp

In other Byline Bancorp news, Director Ana Casanueva sold 1,500 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $21.54, for a total transaction of $32,310.00. Following the sale, the director now directly owns 2,131 shares in the company, valued at approximately $45,901.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Valle Perochena Antonio Del purchased 7,103 shares of the stock in a transaction dated Friday, March 1st. The shares were purchased at an average cost of $20.65 per share, with a total value of $146,676.95. Following the acquisition, the director now directly owns 11,835,145 shares of the company’s stock, valued at $244,395,744.25. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ana Casanueva sold 1,500 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $21.54, for a total value of $32,310.00. Following the transaction, the director now directly owns 2,131 shares in the company, valued at $45,901.74. The disclosure for this sale can be found here. In the last three months, insiders have acquired 10,585 shares of company stock worth $218,810 and have sold 28,409 shares worth $598,238. Company insiders own 35.04% of the company’s stock.

About Byline Bancorp

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.