Cubist Systematic Strategies LLC Invests $379,000 in Byline Bancorp, Inc. (NYSE:BY)

Cubist Systematic Strategies LLC acquired a new position in shares of Byline Bancorp, Inc. (NYSE:BY) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 16,726 shares of the company’s stock, valued at approximately $379,000.

Several other hedge funds have also recently added to or reduced their stakes in BY. Royal Bank of Canada increased its holdings in shares of Byline Bancorp by 177.1% during the 1st quarter. Royal Bank of Canada now owns 2,078 shares of the company’s stock worth $44,000 after buying an additional 1,328 shares during the last quarter. IAG Wealth Partners LLC purchased a new stake in Byline Bancorp during the 2nd quarter worth $54,000. Tudor Investment Corp Et Al purchased a new stake in Byline Bancorp during the 1st quarter worth $202,000. Jump Financial LLC purchased a new stake in Byline Bancorp during the 2nd quarter worth $210,000. Finally, Jane Street Group LLC purchased a new stake in Byline Bancorp during the 1st quarter worth $211,000. Institutional investors and hedge funds own 41.85% of the company’s stock.

A number of analysts recently weighed in on the stock. Hovde Group assumed coverage on shares of Byline Bancorp in a research report on Monday, September 13th. They set an “outperform” rating and a $28.00 price target for the company. Zacks Investment Research cut shares of Byline Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 2nd. Finally, Stephens cut shares of Byline Bancorp from an “overweight” rating to an “equal weight” rating and set a $27.00 price target for the company. in a research report on Monday, August 2nd.

NYSE:BY opened at $28.39 on Thursday. The firm has a 50-day moving average of $25.49 and a two-hundred day moving average of $24.12. The stock has a market cap of $1.07 billion, a P/E ratio of 12.56 and a beta of 1.36. Byline Bancorp, Inc. has a 1-year low of $14.59 and a 1-year high of $28.49.

Byline Bancorp (NYSE:BY) last posted its quarterly earnings data on Thursday, October 28th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.13. Byline Bancorp had a net margin of 27.72% and a return on equity of 11.71%. During the same period in the previous year, the company posted $0.34 earnings per share. On average, analysts predict that Byline Bancorp, Inc. will post 2.58 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 23rd. Stockholders of record on Tuesday, November 9th were paid a $0.09 dividend. The ex-dividend date was Monday, November 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.27%. Byline Bancorp’s dividend payout ratio (DPR) is presently 15.93%.

About Byline Bancorp

Byline Bancorp, Inc is a holding company, which engages in business through its subsidiary, Byline Bank, a full services commercial bank. It offers a broad range of banking products and service to small and medium sized businesses, commercial real estate and financial sponsors, and to consumers in the branch areas.

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Institutional Ownership by Quarter for Byline Bancorp (NYSE:BY)

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