Endeavour Capital Advisors Inc. grew its stake in Byline Bancorp Inc (NYSE:BY) by 951.2% during the 4th quarter, HoldingsChannel reports. The firm owned 683,021 shares of the company’s stock after buying an additional 618,044 shares during the quarter. Byline Bancorp accounts for about 6.4% of Endeavour Capital Advisors Inc.’s investment portfolio, making the stock its 6th biggest holding. Endeavour Capital Advisors Inc.’s holdings in Byline Bancorp were worth $15,689,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. American International Group Inc. acquired a new position in shares of Byline Bancorp during the 4th quarter worth approximately $102,000. The Manufacturers Life Insurance Company raised its stake in shares of Byline Bancorp by 870.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 6,308 shares of the company’s stock worth $145,000 after buying an additional 5,658 shares during the period. Wells Fargo & Company MN raised its stake in shares of Byline Bancorp by 2,180.7% during the 4th quarter. Wells Fargo & Company MN now owns 9,328 shares of the company’s stock worth $214,000 after buying an additional 8,919 shares during the period. California State Teachers Retirement System acquired a new position in shares of Byline Bancorp during the 3rd quarter worth approximately $227,000. Finally, Citadel Advisors LLC acquired a new position in shares of Byline Bancorp during the 4th quarter worth approximately $255,000. Institutional investors and hedge funds own 27.30% of the company’s stock.
In related news, EVP Donald J. Meyer sold 27,500 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $22.10, for a total value of $607,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Donald J. Meyer sold 30,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $22.51, for a total value of $675,300.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,500 shares of company stock valued at $1,400,550.
Byline Bancorp Inc (BY) opened at $23.29 on Monday. Byline Bancorp Inc has a 52 week low of $19.02 and a 52 week high of $24.52. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.88 and a quick ratio of 0.88.
Byline Bancorp (NYSE:BY) last posted its quarterly earnings data on Thursday, January 25th. The company reported $0.24 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.24. The firm had revenue of $44.79 million during the quarter, compared to analyst estimates of $44.90 million. analysts anticipate that Byline Bancorp Inc will post 1.27 EPS for the current fiscal year.
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About Byline Bancorp
Byline Bancorp, Inc is a bank holding company. The Company operates through its subsidiary, Byline Bank (the Bank). Byline Bank is a full service commercial bank. The Bank operates through 56 branches in the Chicago metropolitan area. The Bank offers a broad range of banking products and services to small and medium sized businesses, commercial real estate and financial sponsors, and to consumers.
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