American Century Companies Inc. Grows Holdings in Byline Bancorp, Inc. (NYSE:BY)

American Century Companies Inc. increased its position in shares of Byline Bancorp, Inc. (NYSE:BY) by 13.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 250,504 shares of the company’s stock after purchasing an additional 30,394 shares during the quarter. American Century Companies Inc. owned approximately 0.57% of Byline Bancorp worth $4,937,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BY. JPMorgan Chase & Co. boosted its holdings in Byline Bancorp by 100.0% during the first quarter. JPMorgan Chase & Co. now owns 477,177 shares of the company’s stock worth $12,731,000 after purchasing an additional 238,563 shares during the last quarter. Bank of New York Mellon Corp raised its position in Byline Bancorp by 1.7% in the first quarter. Bank of New York Mellon Corp now owns 127,968 shares of the company’s stock worth $3,414,000 after acquiring an additional 2,135 shares during the period. MetLife Investment Management LLC raised its position in Byline Bancorp by 53.6% in the first quarter. MetLife Investment Management LLC now owns 13,551 shares of the company’s stock worth $362,000 after acquiring an additional 4,730 shares during the period. BlackRock Inc. raised its position in Byline Bancorp by 2.2% in the first quarter. BlackRock Inc. now owns 1,942,398 shares of the company’s stock worth $51,824,000 after acquiring an additional 42,019 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Byline Bancorp by 9.5% in the first quarter. Dimensional Fund Advisors LP now owns 942,858 shares of the company’s stock worth $25,155,000 after acquiring an additional 81,774 shares during the period. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Byline Bancorp news, Director Ana Casanueva sold 1,500 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $21.54, for a total value of $32,310.00. Following the completion of the transaction, the director now owns 2,131 shares in the company, valued at $45,901.74. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Valle Perochena Antonio Del purchased 7,103 shares of Byline Bancorp stock in a transaction dated Friday, March 1st. The stock was purchased at an average cost of $20.65 per share, for a total transaction of $146,676.95. Following the completion of the acquisition, the director now directly owns 11,835,145 shares of the company’s stock, valued at $244,395,744.25. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ana Casanueva sold 1,500 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $21.54, for a total value of $32,310.00. Following the transaction, the director now owns 2,131 shares of the company’s stock, valued at $45,901.74. The disclosure for this sale can be found here. Over the last three months, insiders purchased 10,585 shares of company stock worth $218,810 and sold 28,409 shares worth $598,238. 35.04% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Piper Sandler lifted their price objective on shares of Byline Bancorp from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th.

Byline Bancorp Stock Performance

Byline Bancorp stock opened at $21.61 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.35. Byline Bancorp, Inc. has a 1-year low of $16.40 and a 1-year high of $24.52. The firm has a market capitalization of $959.05 million, a PE ratio of 8.09 and a beta of 1.13. The firm’s 50 day simple moving average is $21.24 and its 200 day simple moving average is $21.04.

Byline Bancorp (NYSE:BY) last announced its quarterly earnings data on Thursday, January 25th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.06. Byline Bancorp had a net margin of 20.13% and a return on equity of 13.27%. The company had revenue of $100.79 million during the quarter, compared to analysts’ expectations of $101.07 million. As a group, analysts expect that Byline Bancorp, Inc. will post 2.53 earnings per share for the current fiscal year.

Byline Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Tuesday, February 6th were given a $0.09 dividend. The ex-dividend date of this dividend was Monday, February 5th. This represents a $0.36 annualized dividend and a dividend yield of 1.67%. Byline Bancorp’s dividend payout ratio is 13.48%.

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.