Quattro Financial Advisors LLC Grows Holdings in Byline Bancorp, Inc. (NYSE:BY)

Quattro Financial Advisors LLC grew its position in Byline Bancorp, Inc. (NYSE:BY) by 124,900.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,000 shares of the company’s stock after purchasing an additional 29,976 shares during the quarter. Quattro Financial Advisors LLC owned approximately 0.07% of Byline Bancorp worth $652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in Byline Bancorp by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,626,661 shares of the company’s stock valued at $38,325,000 after acquiring an additional 68,552 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Byline Bancorp by 5.8% in the third quarter. Vanguard Group Inc. now owns 1,449,974 shares of the company’s stock worth $28,579,000 after purchasing an additional 79,051 shares during the last quarter. FMR LLC increased its holdings in shares of Byline Bancorp by 18.4% in the third quarter. FMR LLC now owns 767,331 shares of the company’s stock worth $15,124,000 after purchasing an additional 119,383 shares during the last quarter. Mendon Capital Advisors Corp purchased a new stake in shares of Byline Bancorp in the fourth quarter worth about $8,246,000. Finally, Federated Hermes Inc. boosted its stake in Byline Bancorp by 2.1% during the fourth quarter. Federated Hermes Inc. now owns 329,217 shares of the company’s stock valued at $7,756,000 after buying an additional 6,720 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider John Barkidjija sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $22.64, for a total value of $226,400.00. Following the transaction, the insider now owns 30,691 shares of the company’s stock, valued at approximately $694,844.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 30.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Stephens decreased their price objective on Byline Bancorp from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 3rd. Hovde Group assumed coverage on shares of Byline Bancorp in a research note on Monday, May 20th. They set an “outperform” rating and a $27.50 price target on the stock.

Byline Bancorp Price Performance

Shares of Byline Bancorp stock traded up $0.27 on Tuesday, reaching $24.12. The company had a trading volume of 143,553 shares, compared to its average volume of 115,299. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 8.78 and a beta of 1.14. The firm’s 50-day moving average price is $22.86 and its two-hundred day moving average price is $22.09. Byline Bancorp, Inc. has a 1 year low of $17.67 and a 1 year high of $24.52.

Byline Bancorp (NYSE:BY) last released its quarterly earnings results on Friday, April 26th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. Byline Bancorp had a net margin of 19.91% and a return on equity of 13.18%. The firm had revenue of $153.79 million during the quarter, compared to analysts’ expectations of $97.35 million. During the same period in the previous year, the company earned $0.65 EPS. As a group, analysts anticipate that Byline Bancorp, Inc. will post 2.62 EPS for the current year.

Byline Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 7th were issued a $0.09 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.36 annualized dividend and a dividend yield of 1.49%. Byline Bancorp’s payout ratio is 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.