Quest Partners LLC Purchases New Holdings in Byline Bancorp, Inc. (NYSE:BY)

Quest Partners LLC acquired a new stake in shares of Byline Bancorp, Inc. (NYSE:BY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,760 shares of the company’s stock, valued at approximately $371,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Quantbot Technologies LP increased its position in Byline Bancorp by 24.7% during the third quarter. Quantbot Technologies LP now owns 3,831 shares of the company’s stock valued at $76,000 after acquiring an additional 759 shares during the last quarter. SG Americas Securities LLC bought a new position in Byline Bancorp during the fourth quarter valued at $194,000. Arizona State Retirement System bought a new position in Byline Bancorp during the fourth quarter valued at $201,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Byline Bancorp by 115.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,793 shares of the company’s stock worth $278,000 after purchasing an additional 6,307 shares during the last quarter. Finally, Channing Capital Management LLC bought a new position in shares of Byline Bancorp in the third quarter worth about $305,000. 67.73% of the stock is currently owned by institutional investors.

Insider Transactions at Byline Bancorp

In other news, Director Valle Perochena Antonio Del purchased 7,103 shares of the business’s stock in a transaction on Friday, March 1st. The stock was purchased at an average price of $20.65 per share, with a total value of $146,676.95. Following the acquisition, the director now directly owns 11,835,145 shares in the company, valued at approximately $244,395,744.25. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In related news, President Alberto J. Paracchini sold 2,100 shares of Byline Bancorp stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $21.19, for a total value of $44,499.00. Following the sale, the president now owns 197,991 shares of the company’s stock, valued at $4,195,429.29. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Valle Perochena Antonio Del bought 7,103 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was purchased at an average cost of $20.65 per share, for a total transaction of $146,676.95. Following the transaction, the director now directly owns 11,835,145 shares of the company’s stock, valued at approximately $244,395,744.25. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 10,060 shares of company stock worth $208,084. 30.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BY shares. Hovde Group started coverage on shares of Byline Bancorp in a research note on Monday, May 20th. They issued an “outperform” rating and a $27.50 price target on the stock. Stephens dropped their price target on shares of Byline Bancorp from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 3rd. Finally, Piper Sandler raised their price objective on Byline Bancorp from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th.

Byline Bancorp Stock Up 0.1 %

Shares of NYSE BY traded up $0.03 during mid-day trading on Friday, hitting $23.28. 50,504 shares of the company were exchanged, compared to its average volume of 125,916. The stock has a 50 day simple moving average of $21.74 and a 200-day simple moving average of $21.71. Byline Bancorp, Inc. has a 1-year low of $17.49 and a 1-year high of $24.52. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 8.53 and a beta of 1.12.

Byline Bancorp (NYSE:BY) last issued its quarterly earnings results on Friday, April 26th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. The firm had revenue of $153.79 million for the quarter, compared to analyst estimates of $97.35 million. Byline Bancorp had a return on equity of 13.18% and a net margin of 19.91%. During the same period last year, the company earned $0.65 EPS. Analysts anticipate that Byline Bancorp, Inc. will post 2.62 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 21st. Stockholders of record on Tuesday, May 7th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.36 annualized dividend and a dividend yield of 1.55%. Byline Bancorp’s dividend payout ratio (DPR) is presently 13.19%.

Byline Bancorp Company 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.