15,760 Shares in Byline Bancorp, Inc. (NYSE:BY) Acquired by Quest Partners LLC

Quest Partners LLC acquired a new position in shares of Byline Bancorp, Inc. (NYSE:BY) during the 4th quarter, Holdings Channel reports. The firm acquired 15,760 shares of the company’s stock, valued at approximately $371,000.

Several other large investors have also recently added to or reduced their stakes in BY. Los Angeles Capital Management LLC lifted its stake in shares of Byline Bancorp by 2.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 24,330 shares of the company’s stock worth $573,000 after acquiring an additional 570 shares during the period. Quantbot Technologies LP increased its holdings in Byline Bancorp by 24.7% in the third quarter. Quantbot Technologies LP now owns 3,831 shares of the company’s stock worth $76,000 after purchasing an additional 759 shares in the last quarter. Alps Advisors Inc. increased its holdings in Byline Bancorp by 14.1% in the third quarter. Alps Advisors Inc. now owns 16,362 shares of the company’s stock worth $322,000 after purchasing an additional 2,027 shares in the last quarter. Denali Advisors LLC increased its holdings in Byline Bancorp by 19.2% in the fourth quarter. Denali Advisors LLC now owns 18,000 shares of the company’s stock worth $424,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its holdings in Byline Bancorp by 19.6% in the fourth quarter. Wedge Capital Management L L P NC now owns 23,546 shares of the company’s stock worth $555,000 after purchasing an additional 3,863 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Byline Bancorp Price Performance

NYSE BY traded up $0.03 during trading on Friday, reaching $23.28. The company’s stock had a trading volume of 50,504 shares, compared to its average volume of 125,916. The stock has a market capitalization of $1.03 billion, a PE ratio of 8.53 and a beta of 1.12. The firm has a fifty day moving average of $21.74 and a 200 day moving average of $21.71. Byline Bancorp, Inc. has a one year low of $17.49 and a one year high of $24.52.

Byline Bancorp (NYSE:BY) last announced its quarterly earnings data on Friday, April 26th. The company reported $0.70 EPS for the quarter, beating the consensus estimate 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 in the prior year, the company earned $0.65 EPS. Research analysts expect that Byline Bancorp, Inc. will post 2.62 earnings per share for the current fiscal year.

Byline Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 7th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend was Monday, May 6th. Byline Bancorp’s dividend payout ratio (DPR) is currently 13.19%.

Insiders Place Their Bets

In other news, Director Valle Perochena Antonio Del purchased 7,103 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were purchased at an average cost of $20.65 per share, for a total transaction of $146,676.95. Following the purchase, the director now directly owns 11,835,145 shares in the company, valued at approximately $244,395,744.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Valle Perochena Antonio Del bought 7,103 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were bought at an average cost of $20.65 per share, for a total transaction of $146,676.95. Following the completion of the transaction, the director now owns 11,835,145 shares of the company’s stock, valued at $244,395,744.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dana Rose sold 4,809 shares of Byline Bancorp stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $21.05, for a total value of $101,229.45. Following the completion of the sale, the insider now directly owns 11,602 shares in the company, valued at $244,222.10. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 10,060 shares of company stock worth $208,084. 30.06% of the stock is currently owned by company insiders.

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.