Boston Partners Reduces Holdings in Byline Bancorp, Inc. (NYSE:BY)

Boston Partners lessened its stake in shares of Byline Bancorp, Inc. (NYSE:BY) by 4.2% in the second quarter, HoldingsChannel reports. The firm owned 156,330 shares of the company’s stock after selling 6,832 shares during the quarter. Boston Partners’ holdings in Byline Bancorp were worth $2,828,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Citigroup Inc. raised its holdings in shares of Byline Bancorp by 277.9% in the 1st quarter. Citigroup Inc. now owns 3,265 shares of the company’s stock worth $71,000 after purchasing an additional 2,401 shares during the period. Dark Forest Capital Management LP acquired a new stake in Byline Bancorp during the 1st quarter worth approximately $178,000. Prelude Capital Management LLC purchased a new position in Byline Bancorp in the first quarter valued at approximately $204,000. Hsbc Holdings PLC acquired a new position in Byline Bancorp during the first quarter valued at approximately $214,000. Finally, Citadel Advisors LLC grew its stake in Byline Bancorp by 45.0% during the second quarter. Citadel Advisors LLC now owns 11,015 shares of the company’s stock worth $262,000 after buying an additional 3,421 shares during the period. Hedge funds and other institutional investors own 41.12% of the company’s stock.

Insider Transactions at Byline Bancorp

In other Byline Bancorp news, Director Valle Perochena Antonio Del bought 10,000 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were acquired at an average cost of $19.00 per share, with a total value of $190,000.00. Following the completion of the transaction, the director now owns 11,805,601 shares in the company, valued at $224,306,419. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have acquired 15,140 shares of company stock valued at $288,734. 35.04% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Piper Sandler lifted their target price on shares of Byline Bancorp from $25.00 to $29.00 in a report on Tuesday, August 1st.

Byline Bancorp Price Performance

Shares of NYSE BY opened at $20.82 on Tuesday. Byline Bancorp, Inc. has a 1-year low of $16.40 and a 1-year high of $26.00. The company has a market capitalization of $910.19 million, a price-to-earnings ratio of 7.89 and a beta of 1.22. The business has a 50-day moving average of $19.69 and a 200-day moving average of $19.63.

Byline Bancorp (NYSE:BY) last announced its earnings results on Thursday, October 26th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.61 by $0.16. The business had revenue of $104.83 million for the quarter, compared to the consensus estimate of $103.33 million. Byline Bancorp had a return on equity of 13.37% and a net margin of 20.91%. Research analysts expect that Byline Bancorp, Inc. will post 2.79 EPS for the current fiscal year.

Byline Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Monday, November 6th. Byline Bancorp’s payout ratio is 13.64%.

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.