PDT Partners LLC Has $992,000 Stake in Byline Bancorp, Inc. (NYSE:BY)

PDT Partners LLC lifted its holdings in shares of Byline Bancorp, Inc. (NYSE:BY) by 87.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 37,074 shares of the company’s stock after purchasing an additional 17,288 shares during the quarter. PDT Partners LLC’s holdings in Byline Bancorp were worth $992,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new position in Byline Bancorp in the 2nd quarter valued at about $26,000. CWM LLC grew its holdings in Byline Bancorp by 104.5% in the 2nd quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $31,000 after buying an additional 676 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Byline Bancorp during the second quarter worth $48,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Byline Bancorp in the second quarter valued at about $61,000. Finally, New York State Teachers Retirement System increased its position in Byline Bancorp by 25.3% during the third quarter. New York State Teachers Retirement System now owns 2,842 shares of the company’s stock worth $76,000 after acquiring an additional 574 shares during the period. Institutional investors own 67.73% of the company’s stock.

Byline Bancorp Stock Performance

BY opened at $31.42 on Monday. The firm has a market cap of $1.39 billion, a P/E ratio of 11.43 and a beta of 1.12. The business’s fifty day moving average is $28.17 and its 200-day moving average is $26.25. Byline Bancorp, Inc. has a 52-week low of $19.70 and a 52-week high of $32.89.

Byline Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.15%. The ex-dividend date was Tuesday, November 5th. Byline Bancorp’s dividend payout ratio is currently 13.09%.

Analyst Ratings Changes

Separately, Piper Sandler restated an “overweight” rating and set a $34.00 target price on shares of Byline Bancorp in a research report on Tuesday, October 29th.

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.