UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in Byline Bancorp, Inc. (NYSE:BY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Byline Bancorp, Inc. (NYSE:BY) by 25.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 71,032 shares of the company’s stock after buying an additional 14,307 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.16% of Byline Bancorp worth $2,060,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of BY. Nuveen Asset Management LLC increased its stake in Byline Bancorp by 1.0% during the 4th quarter. Nuveen Asset Management LLC now owns 325,516 shares of the company’s stock worth $9,440,000 after buying an additional 3,343 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Byline Bancorp during the fourth quarter valued at about $444,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Byline Bancorp by 15.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,536 shares of the company’s stock worth $2,510,000 after acquiring an additional 11,280 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Byline Bancorp by 54.3% in the fourth quarter. Deutsche Bank AG now owns 27,086 shares of the company’s stock worth $785,000 after acquiring an additional 9,528 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Byline Bancorp by 146.2% in the fourth quarter. Jane Street Group LLC now owns 89,161 shares of the company’s stock worth $2,586,000 after acquiring an additional 52,952 shares in the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Byline Bancorp Price Performance

Shares of BY stock opened at $26.30 on Friday. The firm has a fifty day moving average of $25.52 and a two-hundred day moving average of $27.74. The firm has a market cap of $1.21 billion, a P/E ratio of 9.53 and a beta of 0.85. Byline Bancorp, Inc. has a 1-year low of $21.96 and a 1-year high of $32.89.

Byline Bancorp (NYSE:BY) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.62 by $0.03. The business had revenue of $103.08 million for the quarter, compared to analysts’ expectations of $100.82 million. Byline Bancorp had a net margin of 19.33% and a return on equity of 11.61%. On average, sell-side analysts expect that Byline Bancorp, Inc. will post 2.6 EPS for the current year.

Byline Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 6th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Tuesday, May 6th. Byline Bancorp’s dividend payout ratio is presently 14.81%.

Wall Street Analysts Forecast Growth

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

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.