Boston Partners Reduces Position in Byline Bancorp, Inc. (NYSE:BY)

Boston Partners lessened its holdings in shares of Byline Bancorp, Inc. (NYSE:BY) by 4.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,330 shares of the company’s stock after selling 6,832 shares during the period. Boston Partners owned 0.36% of Byline Bancorp worth $2,828,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Citigroup Inc. boosted its stake in Byline Bancorp by 277.9% during the first quarter. Citigroup Inc. now owns 3,265 shares of the company’s stock worth $71,000 after buying an additional 2,401 shares during the period. Hsbc Holdings PLC purchased a new position in Byline Bancorp during the first quarter worth about $214,000. Dark Forest Capital Management LP purchased a new position in Byline Bancorp during the first quarter worth about $178,000. Prelude Capital Management LLC purchased a new position in Byline Bancorp during the first quarter worth about $204,000. Finally, Citadel Advisors LLC boosted its stake in Byline Bancorp by 45.0% during the second quarter. Citadel Advisors LLC now owns 11,015 shares of the company’s stock worth $262,000 after buying an additional 3,421 shares during the period. Hedge funds and other institutional investors own 41.12% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler raised their target price on Byline Bancorp from $25.00 to $29.00 in a report on Tuesday, August 1st.

Byline Bancorp Price Performance

Shares of Byline Bancorp stock opened at $20.82 on Tuesday. The business has a 50-day moving average of $19.69 and a 200 day moving average of $19.63. Byline Bancorp, Inc. has a 12 month low of $16.40 and a 12 month high of $26.00. The stock has a market capitalization of $910.19 million, a price-to-earnings ratio of 7.89 and a beta of 1.22.

Byline Bancorp (NYSE:BY) last announced its earnings results on Thursday, October 26th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.16. The company had revenue of $104.83 million during the quarter, compared to analysts’ expectations of $103.33 million. Byline Bancorp had a return on equity of 13.37% and a net margin of 20.91%. Equities research analysts anticipate that Byline Bancorp, Inc. will post 2.79 earnings per share for the current year.

Byline Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $0.36 annualized dividend and a dividend yield of 1.73%. Byline Bancorp’s dividend payout ratio (DPR) is currently 13.64%.

Insider Transactions at Byline Bancorp

In other news, Director Valle Perochena Antonio Del acquired 10,000 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was acquired at an average cost of $19.00 per share, with a total value of $190,000.00. Following the transaction, the director now owns 11,805,601 shares in the company, valued at $224,306,419. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last three months, insiders bought 15,140 shares of company stock valued at $288,734. Insiders own 35.04% of the company’s stock.

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.