Byline Bancorp, Inc. $BY Shares Purchased by Creative Planning

Creative Planning raised its position in Byline Bancorp, Inc. (NYSE:BY) by 67.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,061 shares of the company’s stock after purchasing an additional 30,169 shares during the quarter. Creative Planning owned 0.16% of Byline Bancorp worth $2,006,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Byline Bancorp by 51.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,780 shares of the company’s stock valued at $517,000 after acquiring an additional 6,710 shares in the last quarter. XTX Topco Ltd purchased a new position in Byline Bancorp in the first quarter valued at about $310,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Byline Bancorp by 3.0% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 89,141 shares of the company’s stock worth $2,332,000 after purchasing an additional 2,605 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Byline Bancorp by 8.2% during the first quarter. Invesco Ltd. now owns 54,568 shares of the company’s stock worth $1,427,000 after purchasing an additional 4,117 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Byline Bancorp in the first quarter worth about $6,848,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BY. Weiss Ratings reissued a “buy (b-)” rating on shares of Byline Bancorp in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their price target on shares of Byline Bancorp from $31.00 to $32.00 and gave the stock a “market perform” rating in a research note on Monday, October 27th. Finally, Piper Sandler upped their price objective on shares of Byline Bancorp from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Byline Bancorp has an average rating of “Moderate Buy” and an average price target of $33.25.

Insider Activity

In other news, insider Dana Rose sold 1,999 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $28.76, for a total value of $57,491.24. Following the completion of the transaction, the insider directly owned 10,192 shares in the company, valued at $293,121.92. This trade represents a 16.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thomas Abraham sold 23,400 shares of the business’s stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $26.89, for a total value of $629,226.00. Following the sale, the insider owned 38,882 shares in the company, valued at approximately $1,045,536.98. The trade was a 37.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 28.79% of the stock is currently owned by company insiders.

Byline Bancorp Price Performance

BY stock opened at $28.35 on Wednesday. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 10.09 and a beta of 0.92. Byline Bancorp, Inc. has a 1-year low of $22.63 and a 1-year high of $32.13. The firm has a fifty day moving average price of $27.39 and a two-hundred day moving average price of $27.24.

Byline Bancorp (NYSE:BY) last announced its quarterly earnings results on Monday, June 6th. The company reported $0.57 earnings per share for the quarter. Byline Bancorp had a return on equity of 11.26% and a net margin of 20.01%.The business had revenue of $72.38 million for the quarter. As a group, analysts expect that Byline Bancorp, Inc. will post 2.6 EPS for the current fiscal year.

Byline Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Tuesday, November 4th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Tuesday, November 4th. Byline Bancorp’s dividend payout ratio is currently 14.23%.

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.