Boston Partners Acquires 13,818 Shares of Byline Bancorp, Inc. $BY

Boston Partners lifted its holdings in Byline Bancorp, Inc. (NYSE:BY) by 1.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 732,464 shares of the company’s stock after purchasing an additional 13,818 shares during the quarter. Boston Partners owned about 1.60% of Byline Bancorp worth $19,500,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Harbor Capital Advisors Inc. boosted its holdings in shares of Byline Bancorp by 5.9% in the second quarter. Harbor Capital Advisors Inc. now owns 9,856 shares of the company’s stock valued at $263,000 after buying an additional 552 shares during the period. Legal & General Group Plc raised its position in Byline Bancorp by 2.5% in the 2nd quarter. Legal & General Group Plc now owns 29,577 shares of the company’s stock valued at $791,000 after buying an additional 712 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Byline Bancorp by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,491 shares of the company’s stock valued at $484,000 after purchasing an additional 770 shares in the last quarter. CWM LLC increased its position in shares of 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 acquiring an additional 1,362 shares during the last quarter. Finally, Inspire Investing LLC increased its position in shares of Byline Bancorp by 11.0% during the 2nd quarter. Inspire Investing LLC now owns 14,526 shares of the company’s stock worth $388,000 after purchasing an additional 1,441 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BY shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Byline Bancorp in a research note on Wednesday, October 8th. 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 report on Tuesday, October 28th. Finally, Keefe, Bruyette & Woods lifted their target price on Byline Bancorp from $31.00 to $32.00 and gave the stock a “market perform” rating in a report on Monday, October 27th. Three investment 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.com, Byline Bancorp has an average rating of “Moderate Buy” and an average target price of $33.25.

Byline Bancorp Stock Down 0.7%

BY stock opened at $27.92 on Friday. Byline Bancorp, Inc. has a 12-month low of $22.63 and a 12-month high of $32.05. The company’s fifty day simple moving average is $27.35 and its 200 day simple moving average is $27.26. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 9.94 and a beta of 0.92.

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

Byline Bancorp Dividend Announcement

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

Insider Buying and Selling at Byline Bancorp

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

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.