Aristotle Capital Boston LLC trimmed its holdings in shares of Byline Bancorp, Inc. (NYSE:BY – Free Report) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 801,227 shares of the company’s stock after selling 85,097 shares during the period. Byline Bancorp comprises about 1.3% of Aristotle Capital Boston LLC’s portfolio, making the stock its 23rd largest position. Aristotle Capital Boston LLC’s holdings in Byline Bancorp were worth $23,356,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in Byline Bancorp by 31.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 588,359 shares of the company’s stock worth $16,315,000 after acquiring an additional 140,219 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Byline Bancorp by 9.3% during the third quarter. American Century Companies Inc. now owns 803,287 shares of the company’s stock valued at $22,275,000 after buying an additional 68,230 shares during the last quarter. Blair William & Co. IL raised its position in shares of Byline Bancorp by 924.5% in the 3rd quarter. Blair William & Co. IL now owns 79,124 shares of the company’s stock valued at $2,194,000 after purchasing an additional 71,401 shares during the last quarter. Denali Advisors LLC raised its position in shares of Byline Bancorp by 32.3% in the 4th quarter. Denali Advisors LLC now owns 125,752 shares of the company’s stock valued at $3,666,000 after purchasing an additional 30,711 shares during the last quarter. Finally, Tudor Investment Corp ET AL raised its position in shares of Byline Bancorp by 33.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 116,780 shares of the company’s stock valued at $3,238,000 after purchasing an additional 29,008 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have issued reports on BY shares. Zacks Research lowered shares of Byline Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Byline Bancorp in a research report on Wednesday, May 13th. Finally, Piper Sandler raised their price target on shares of Byline Bancorp from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Byline Bancorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.00.
Byline Bancorp Price Performance
NYSE:BY opened at $34.98 on Thursday. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 11.39 and a beta of 0.75. The company has a 50 day moving average price of $33.28 and a 200-day moving average price of $31.78. Byline Bancorp, Inc. has a 1-year low of $24.75 and a 1-year high of $35.84.
Byline Bancorp (NYSE:BY – Get Free Report) last posted its earnings results on Thursday, April 23rd. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.09. The firm had revenue of $112.40 million during the quarter, compared to analyst estimates of $113.89 million. Byline Bancorp had a net margin of 21.86% and a return on equity of 11.56%. On average, sell-side analysts anticipate that Byline Bancorp, Inc. will post 3.28 earnings per share for the current fiscal year.
Byline Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Tuesday, May 5th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, May 5th. Byline Bancorp’s payout ratio is presently 15.64%.
Byline Bancorp Profile
Byline Bancorp, Inc is the bank holding company for Byline Bank, a full-service commercial bank headquartered in Chicago, Illinois. Established under its current name in 2016, the company operates as a community-focused financial institution offering a broad array of banking products and services to corporate, professional and consumer clients.
On the commercial banking side, Byline Bancorp serves small and midsize businesses, real estate developers, professional services firms and nonprofit organizations.
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