American Century Companies Inc. Purchases 55,858 Shares of Byline Bancorp, Inc. $BY

American Century Companies Inc. lifted its position in Byline Bancorp, Inc. (NYSE:BY) by 8.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 690,304 shares of the company’s stock after acquiring an additional 55,858 shares during the period. American Century Companies Inc. owned 1.50% of Byline Bancorp worth $18,058,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Byline Bancorp by 1,726.4% in the 1st quarter. GAMMA Investing LLC now owns 1,936 shares of the company’s stock worth $51,000 after acquiring an additional 1,830 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Byline Bancorp by 88.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,053 shares of the company’s stock worth $60,000 after acquiring an additional 963 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Byline Bancorp by 44.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 9,304 shares of the company’s stock worth $243,000 after buying an additional 2,874 shares during the last quarter. ProShare Advisors LLC purchased a new stake in shares of Byline Bancorp in the 4th quarter worth approximately $254,000. Finally, Marshall Wace LLP purchased a new stake in shares of Byline Bancorp in the 4th quarter worth approximately $299,000. Institutional investors own 67.73% of the company’s stock.

Byline Bancorp Stock Up 5.0%

Byline Bancorp stock opened at $28.9370 on Monday. The company has a market capitalization of $1.33 billion, a P/E ratio of 10.80 and a beta of 0.86. The stock’s 50 day moving average is $26.98 and its 200 day moving average is $26.67. Byline Bancorp, Inc. has a twelve month low of $22.63 and a twelve month high of $32.89.

Byline Bancorp (NYSE:BY) last issued its earnings results on Thursday, July 24th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.67 by $0.08. Byline Bancorp had a return on equity of 10.98% and a net margin of 19.03%.The business had revenue of $110.45 million for the quarter, compared to the consensus estimate of $106.95 million. As a group, equities analysts expect that Byline Bancorp, Inc. will post 2.6 EPS for the current year.

Byline Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 5th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, August 5th. Byline Bancorp’s dividend payout ratio (DPR) is currently 14.93%.

Insider Buying and Selling at Byline Bancorp

In other Byline Bancorp news, Director Phillip R. Cabrera bought 2,360 shares of the business’s stock in a transaction on Wednesday, June 11th. The shares were acquired at an average cost of $24.75 per share, for a total transaction of $58,410.00. Following the purchase, the director owned 3,960 shares in the company, valued at approximately $98,010. This trade represents a 147.50% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Megan Biggam sold 3,611 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $26.75, for a total value of $96,594.25. Following the sale, the executive vice president owned 17,630 shares in the company, valued at approximately $471,602.50. This represents a 17.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 2,584 shares of company stock worth $64,100. Company insiders own 28.79% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Hovde Group set a $32.00 price target on Byline Bancorp in a research note on Monday, May 19th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.25.

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.