Creative Planning Has $2.01 Million Stock Position in Byline Bancorp, Inc. $BY

Creative Planning increased its stake in shares of Byline Bancorp, Inc. (NYSE:BY) by 67.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,061 shares of the company’s stock after acquiring an additional 30,169 shares during the quarter. Creative Planning owned about 0.16% of Byline Bancorp worth $2,006,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BY. Farther Finance Advisors LLC bought a new stake in shares of Byline Bancorp during the second quarter valued at approximately $64,000. CWM LLC boosted its position in Byline Bancorp by 59.5% in the second quarter. CWM LLC now owns 3,650 shares of the company’s stock valued at $98,000 after buying an additional 1,362 shares in the last quarter. Blair William & Co. IL bought a new stake in Byline Bancorp during the 2nd quarter worth approximately $206,000. Harbor Capital Advisors Inc. grew its holdings in shares of Byline Bancorp by 5.9% during the second quarter. Harbor Capital Advisors Inc. now owns 9,856 shares of the company’s stock worth $263,000 after purchasing an additional 552 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in Byline Bancorp in the 1st quarter valued at about $310,000. 67.73% of the stock is currently owned by institutional investors.

Byline Bancorp Stock Performance

NYSE:BY opened at $28.35 on Wednesday. Byline Bancorp, Inc. has a 52-week low of $22.63 and a 52-week high of $32.13. The company has a market cap of $1.30 billion, a P/E ratio of 10.09 and a beta of 0.92. The stock’s 50-day simple moving average is $27.39 and its 200 day simple moving average is $27.24.

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

Byline Bancorp Announces Dividend

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

Insider Activity at Byline Bancorp

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

Analyst Upgrades and Downgrades

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

About Byline Bancorp

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.