Byline Bancorp, Inc. (NYSE:BY) Shares Sold by Boston Partners

Boston Partners decreased its holdings in Byline Bancorp, Inc. (NYSE:BY) by 21.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 90,171 shares of the company’s stock after selling 25,076 shares during the quarter. Boston Partners’ holdings in Byline Bancorp were worth $1,959,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Comerica Bank boosted its holdings in shares of Byline Bancorp by 17,066.0% in the first quarter. Comerica Bank now owns 8,583 shares of the company’s stock worth $186,000 after buying an additional 8,533 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Byline Bancorp in the 4th quarter valued at approximately $194,000. Arizona State Retirement System acquired a new position in Byline Bancorp in the 4th quarter worth approximately $201,000. Entropy Technologies LP purchased a new position in Byline Bancorp during the 1st quarter worth approximately $216,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Byline Bancorp by 115.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,793 shares of the company’s stock valued at $278,000 after purchasing an additional 6,307 shares during the period. Institutional investors own 67.73% of the company’s stock.

Insider Activity at Byline Bancorp

In related news, insider John Barkidjija sold 10,000 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $22.64, for a total transaction of $226,400.00. Following the transaction, the insider now owns 30,691 shares of the company’s stock, valued at $694,844.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 38,497 shares of company stock worth $1,031,053 in the last 90 days. 30.06% of the stock is owned by company insiders.

Analyst Ratings Changes

BY has been the subject of several recent analyst reports. Stephens raised their target price on Byline Bancorp from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Piper Sandler restated an “overweight” rating and set a $34.00 price objective (up from $27.00) on shares of Byline Bancorp in a research report on Wednesday. Hovde Group initiated coverage on Byline Bancorp in a report on Monday, May 20th. They issued an “outperform” rating and a $27.50 target price on the stock. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Byline Bancorp from $25.00 to $29.00 and gave the company a “market perform” rating in a research report on Monday, July 29th.

Byline Bancorp Stock Performance

Shares of Byline Bancorp stock traded down $0.71 during trading on Friday, hitting $26.27. 183,504 shares of the stock traded hands, compared to its average volume of 218,563. The company has a fifty day moving average price of $24.55 and a two-hundred day moving average price of $22.61. Byline Bancorp, Inc. has a twelve month low of $18.39 and a twelve month high of $29.49. The stock has a market cap of $1.16 billion, a P/E ratio of 9.62 and a beta of 1.14.

Byline Bancorp (NYSE:BY) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.05. Byline Bancorp had a return on equity of 12.89% and a net margin of 19.42%. The company had revenue of $154.41 million during the quarter, compared to analysts’ expectations of $99.25 million. During the same quarter in the previous year, the firm earned $0.73 earnings per share. On average, equities research analysts expect that Byline Bancorp, Inc. will post 2.64 EPS for the current fiscal year.

Byline Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Tuesday, August 6th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.36 annualized dividend and a dividend yield of 1.37%. Byline Bancorp’s dividend payout ratio is presently 13.19%.

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.