Hsbc Holdings PLC lowered its holdings in Byline Bancorp, Inc. (NYSE:BY – Free Report) by 36.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,816 shares of the company’s stock after selling 25,686 shares during the quarter. Hsbc Holdings PLC’s holdings in Byline Bancorp were worth $1,422,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the business. AQR Capital Management LLC raised its holdings in shares of Byline Bancorp by 34.4% in the first quarter. AQR Capital Management LLC now owns 137,998 shares of the company’s stock valued at $3,610,000 after buying an additional 35,324 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Byline Bancorp by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,491 shares of the company’s stock worth $484,000 after acquiring an additional 770 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Byline Bancorp by 7.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,245 shares of the company’s stock valued at $1,995,000 after acquiring an additional 5,213 shares in the last quarter. Jane Street Group LLC increased its position in Byline Bancorp by 71.0% in the 1st quarter. Jane Street Group LLC now owns 152,478 shares of the company’s stock valued at $3,989,000 after acquiring an additional 63,317 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Byline Bancorp by 2.5% in the second quarter. Legal & General Group Plc now owns 29,577 shares of the company’s stock worth $791,000 after acquiring an additional 712 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the stock. Raymond James Financial began coverage on shares of Byline Bancorp in a research report on Wednesday, July 8th. They set a “market perform” rating on the stock. Piper Sandler raised their price target on shares of Byline Bancorp from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Keefe, Bruyette & Woods boosted their price objective on shares of Byline Bancorp from $37.00 to $41.00 and gave the stock a “market perform” rating in a research report on Monday. Hovde Group upped their price objective on Byline Bancorp from $39.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Zacks Research lowered Byline Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $41.50.
Byline Bancorp Trading Down 0.0%
Shares of NYSE:BY opened at $38.60 on Tuesday. Byline Bancorp, Inc. has a 1-year low of $25.38 and a 1-year high of $39.51. The stock has a market capitalization of $1.75 billion, a P/E ratio of 11.66 and a beta of 0.72. The business has a 50-day moving average price of $35.73 and a two-hundred day moving average price of $33.28.
Byline Bancorp (NYSE:BY – Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.12. Byline Bancorp had a net margin of 23.36% and a return on equity of 11.94%. The company had revenue of $117.71 million for the quarter, compared to analyst estimates of $115.78 million. As a group, equities analysts predict that Byline Bancorp, Inc. will post 3.28 EPS for the current year.
Byline Bancorp Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 18th. Investors of record on Tuesday, August 4th will be issued a $0.14 dividend. This is an increase from Byline Bancorp’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, August 4th. Byline Bancorp’s dividend payout ratio (DPR) is currently 14.50%.
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.
Read More
- Five stocks we like better than Byline Bancorp
- AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next
- Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now
- Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There?
- Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight
Want to see what other hedge funds are holding BY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Byline Bancorp, Inc. (NYSE:BY – Free Report).
Receive News & Ratings for Byline Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Byline Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
