Byline Bancorp, Inc. (NYSE:BY) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its position in shares of Byline Bancorp, Inc. (NYSE:BY) by 8.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,318 shares of the company’s stock after selling 8,722 shares during the period. Russell Investments Group Ltd. owned 0.23% of Byline Bancorp worth $2,340,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BY. Bank of New York Mellon Corp boosted its position in shares of Byline Bancorp by 3.7% during the third quarter. Bank of New York Mellon Corp now owns 155,191 shares of the company’s stock worth $3,059,000 after buying an additional 5,539 shares during the period. Assenagon Asset Management S.A. acquired a new position in Byline Bancorp during the 3rd quarter worth $1,086,000. Quantbot Technologies LP grew its stake 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 worth $76,000 after purchasing an additional 759 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Byline Bancorp by 21.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 211,871 shares of the company’s stock valued at $4,176,000 after purchasing an additional 37,083 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Byline Bancorp by 18.4% during the third quarter. FMR LLC now owns 767,331 shares of the company’s stock valued at $15,124,000 after purchasing an additional 119,383 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Insiders Place Their Bets

In other news, Director Valle Perochena Antonio Del bought 7,103 shares of the company’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 transaction, the director now directly owns 11,835,145 shares in the company, valued at approximately $244,395,744.25. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Byline Bancorp news, insider Dana Rose sold 4,809 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $21.05, for a total transaction of $101,229.45. Following the transaction, the insider now owns 11,602 shares in the company, valued at $244,222.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Valle Perochena Antonio Del acquired 7,103 shares of Byline Bancorp stock in a transaction dated Friday, March 1st. The stock was purchased at an average price of $20.65 per share, with a total value of $146,676.95. Following the completion of the purchase, the director now directly owns 11,835,145 shares of the company’s stock, valued at approximately $244,395,744.25. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 10,060 shares of company stock worth $208,084 and sold 28,409 shares worth $598,238. Insiders own 30.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BY shares. Stephens lowered their price objective on shares of 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 lifted their price target on Byline Bancorp from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th.

Byline Bancorp Trading Up 0.4 %

Shares of BY opened at $23.39 on Wednesday. The business’s 50-day moving average price is $21.29 and its 200 day moving average price is $21.51. The stock has a market capitalization of $1.03 billion, a P/E ratio of 8.57 and a beta of 1.12. Byline Bancorp, Inc. has a 1-year low of $17.16 and a 1-year high of $24.52.

Byline Bancorp (NYSE:BY) last announced its earnings results on Friday, April 26th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.07. The company had revenue of $153.79 million for the quarter, compared to the consensus estimate of $97.35 million. Byline Bancorp had a net margin of 19.91% and a return on equity of 13.18%. During the same period in the previous year, the business earned $0.65 EPS. On average, research analysts predict that Byline Bancorp, Inc. will post 2.62 earnings per share for the current year.

Byline Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 7th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.36 annualized dividend and a yield of 1.54%. Byline Bancorp’s dividend payout ratio is presently 13.19%.

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.