Creative Planning Has $650,000 Stock Holdings in Byline Bancorp, Inc. (NYSE:BY)

Creative Planning boosted its stake in Byline Bancorp, Inc. (NYSE:BY) by 35.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 24,275 shares of the company’s stock after buying an additional 6,317 shares during the period. Creative Planning owned approximately 0.06% of Byline Bancorp worth $650,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BY. Dimensional Fund Advisors LP lifted its holdings in shares of Byline Bancorp by 6.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,855,547 shares of the company’s stock worth $44,049,000 after acquiring an additional 106,940 shares during the period. Vanguard Group Inc. increased its position in shares of Byline Bancorp by 3.4% during the first quarter. Vanguard Group Inc. now owns 1,551,552 shares of the company’s stock worth $33,700,000 after acquiring an additional 51,682 shares in the last quarter. American Century Companies Inc. boosted its holdings in Byline Bancorp by 20.4% during the second quarter. American Century Companies Inc. now owns 518,727 shares of the company’s stock worth $12,315,000 after purchasing an additional 87,796 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Byline Bancorp by 16.1% in the second quarter. Bank of New York Mellon Corp now owns 191,122 shares of the company’s stock valued at $4,537,000 after acquiring an additional 26,539 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Byline Bancorp by 5.4% in the first quarter. Sei Investments Co. now owns 171,282 shares of the company’s stock valued at $3,720,000 after acquiring an additional 8,847 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Byline Bancorp Stock Down 0.9 %

Shares of BY stock opened at $26.52 on Tuesday. The firm has a market capitalization of $1.17 billion, a PE ratio of 9.64 and a beta of 1.12. The company has a 50 day moving average price of $26.57 and a 200-day moving average price of $25.05. Byline Bancorp, Inc. has a 52 week low of $19.25 and a 52 week high of $29.49.

Byline Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th will be given a $0.09 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.36%. Byline Bancorp’s payout ratio is currently 13.09%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BY shares. Piper Sandler restated an “overweight” rating and set a $34.00 price target on shares of Byline Bancorp in a research note on Tuesday, October 29th. Stephens raised their target price on shares of Byline Bancorp from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Byline Bancorp from $25.00 to $29.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th.

Insider Buying and Selling at Byline Bancorp

In other news, Director Pamela C. Stewart bought 3,850 shares of Byline Bancorp stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average cost of $25.99 per share, with a total value of $100,061.50. Following the completion of the acquisition, the director now owns 6,336 shares of the company’s stock, valued at $164,672.64. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Byline Bancorp news, insider Brogan Ptacin sold 11,812 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $27.65, for a total transaction of $326,601.80. Following the sale, the insider now directly owns 25,588 shares of the company’s stock, valued at $707,508.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Pamela C. Stewart bought 3,850 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were acquired at an average price of $25.99 per share, with a total value of $100,061.50. Following the transaction, the director now directly owns 6,336 shares of the company’s stock, valued at approximately $164,672.64. This trade represents a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 30.06% of the company’s stock.

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.