The Manufacturers Life Insurance Company Purchases New Position in Byline Bancorp, Inc. $BY

Posted by George Bondi on Sep 7th, 2026

The Manufacturers Life Insurance Company acquired a new position in Byline Bancorp, Inc. (NYSE:BY – Free Report) during the second quarter, Holdings Channel reports. The institutional investor acquired 14,870 shares of the company’s stock, valued at approximately $560,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dearborn Partners LLC bought a new stake in Byline Bancorp in the second quarter worth approximately $202,000. Algert Global LLC acquired a new position in shares of Byline Bancorp during the 2nd quarter worth $1,943,000. Globeflex Capital L P bought a new position in shares of Byline Bancorp during the 2nd quarter valued at $154,000. Quantbot Technologies LP bought a new position in shares of Byline Bancorp during the 2nd quarter valued at $691,000. Finally, Ieq Capital LLC acquired a new stake in shares of Byline Bancorp in the 2nd quarter valued at $2,524,000. Institutional investors own 67.73% of the company’s stock.

Insiders Place Their Bets

In related news, Director Antonio del Valle Perochena sold 300,000 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $39.10, for a total transaction of $11,730,000.00. Following the transaction, the director owned 11,535,145 shares of the company’s stock, valued at approximately $451,024,169.50. The trade was a 2.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Roberto Herencia sold 19,750 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $39.21, for a total transaction of $774,397.50. Following the completion of the sale, the chief executive officer directly owned 411,643 shares of the company’s stock, valued at approximately $16,140,522.03. This trade represents a 4.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 622,171 shares of company stock valued at $24,328,816 over the last ninety days. 29.09% of the stock is owned by insiders.

Byline Bancorp Stock Performance

Byline Bancorp stock opened at $38.81 on Monday. The business’s 50-day simple moving average is $38.32 and its 200-day simple moving average is $34.74. The firm has a market capitalization of $1.75 billion, a PE ratio of 11.73 and a beta of 0.71. Byline Bancorp, Inc. has a 52 week low of $25.57 and a 52 week high of $40.03.

Byline Bancorp (NYSE:BY – Get Free Report) last announced its earnings results on Thursday, July 23rd. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.12. The firm had revenue of $117.71 million during the quarter, compared to the consensus estimate of $115.78 million. Byline Bancorp had a return on equity of 11.84% and a net margin of 23.36%. Research analysts forecast that Byline Bancorp, Inc. will post 3.35 earnings per share for the current year.

Byline Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Tuesday, August 4th were given a $0.14 dividend. This is a positive change from Byline Bancorp’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, August 4th. Byline Bancorp’s dividend payout ratio (DPR) is currently 16.92%.

Analyst Ratings Changes

BY has been the topic of several analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Byline Bancorp in a research report on Friday, August 7th. Zacks Research cut Byline Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Hovde Group raised their price objective on Byline Bancorp from $39.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Keefe, Bruyette & Woods raised their price objective on Byline Bancorp from $37.00 to $41.00 and gave the company a “market perform” rating in a research note on Monday, July 27th. Finally, Stephens set a $40.00 target price on Byline Bancorp in a report on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Byline Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $43.00.

Check Out Our Latest Stock Report on BY

Byline Bancorp Company Profile

(Free Report)

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.