Hsbc Holdings PLC Purchases 40,613 Shares of Byline Bancorp, Inc. $BY

Hsbc Holdings PLC grew its position in Byline Bancorp, Inc. (NYSE:BY) by 135.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 70,502 shares of the company’s stock after purchasing an additional 40,613 shares during the period. Hsbc Holdings PLC’s holdings in Byline Bancorp were worth $2,056,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in BY. AQR Capital Management LLC grew its stake in shares of Byline Bancorp by 34.4% in the first quarter. AQR Capital Management LLC now owns 137,998 shares of the company’s stock valued at $3,610,000 after acquiring an additional 35,324 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Byline Bancorp by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,491 shares of the company’s stock worth $484,000 after purchasing an additional 770 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Byline Bancorp by 7.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,245 shares of the company’s stock worth $1,995,000 after purchasing an additional 5,213 shares in the last quarter. Jane Street Group LLC boosted its holdings in Byline Bancorp by 71.0% in the 1st quarter. Jane Street Group LLC now owns 152,478 shares of the company’s stock valued at $3,989,000 after purchasing an additional 63,317 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Byline Bancorp by 2.5% in the 2nd quarter. Legal & General Group Plc now owns 29,577 shares of the company’s stock valued at $791,000 after purchasing an additional 712 shares during the period. Institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

BY has been the topic of a number of analyst reports. Piper Sandler increased their target price on shares of Byline Bancorp from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Zacks Research upgraded Byline Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Byline Bancorp in a research report on Wednesday, May 13th. Finally, Raymond James Financial started coverage on Byline Bancorp in a research note on Wednesday. They set a “market perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.00.

Byline Bancorp Price Performance

BY traded up $0.08 on Friday, hitting $37.23. 191,696 shares of the stock were exchanged, compared to its average volume of 365,799. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 12.13 and a beta of 0.72. Byline Bancorp, Inc. has a 12 month low of $25.38 and a 12 month high of $38.83. The business has a 50-day moving average of $34.56 and a two-hundred day moving average of $32.61.

Byline Bancorp (NYSE:BY) last released its earnings results on Thursday, April 23rd. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.74 by $0.09. The firm had revenue of $112.40 million for the quarter, compared to analyst estimates of $113.89 million. Byline Bancorp had a net margin of 21.86% and a return on equity of 11.56%. Equities research analysts expect that Byline Bancorp, Inc. will post 3.29 earnings per share for the current fiscal year.

Byline Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 5th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.3%. The ex-dividend date was Tuesday, May 5th. Byline Bancorp’s payout ratio is currently 15.64%.

Byline Bancorp Profile

Byline Bancorp, Inc is the bank holding company for Byline Bank, a full-service commercial bank headquartered in Chicago, Illinois. Established under its current name in 2016, the company operates as a community-focused financial institution offering a broad array of banking products and services to corporate, professional and consumer clients.

On the commercial banking side, Byline Bancorp serves small and midsize businesses, real estate developers, professional services firms and nonprofit organizations.