Two Sigma Investments LP Sells 6,312 Shares of Byline Bancorp, Inc. (NYSE:BY)

Two Sigma Investments LP cut its stake in shares of Byline Bancorp, Inc. (NYSE:BY) by 10.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,968 shares of the company’s stock after selling 6,312 shares during the quarter. Two Sigma Investments LP owned about 0.12% of Byline Bancorp worth $1,507,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its holdings in shares of Byline Bancorp by 88.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,053 shares of the company’s stock valued at $60,000 after acquiring an additional 963 shares in the last quarter. Parkside Financial Bank & Trust bought a new position in shares of Byline Bancorp during the fourth quarter valued at $63,000. KLP Kapitalforvaltning AS bought a new position in shares of Byline Bancorp during the fourth quarter valued at $148,000. Oceanside Advisors LLC bought a new position in shares of Byline Bancorp during the fourth quarter valued at $206,000. Finally, ProShare Advisors LLC bought a new stake in Byline Bancorp in the 4th quarter worth about $254,000. 67.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Hovde Group set a $32.00 price objective on Byline Bancorp in a report on Monday, May 19th.

Byline Bancorp Stock Performance

NYSE BY opened at $26.06 on Wednesday. Byline Bancorp, Inc. has a one year low of $21.96 and a one year high of $32.89. The stock has a 50-day moving average of $25.54 and a 200 day moving average of $27.82. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 9.44 and a beta of 0.85.

Byline Bancorp (NYSE:BY) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.62 by $0.03. The company had revenue of $103.08 million during the quarter, compared to the consensus estimate of $100.82 million. Byline Bancorp had a return on equity of 11.61% and a net margin of 19.33%. On average, equities analysts predict that Byline Bancorp, Inc. will post 2.6 earnings per share for the current fiscal year.

Byline Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 6th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.53%. Byline Bancorp’s dividend payout ratio is currently 14.81%.

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.