Byline Bancorp, Inc. $BY Stock Position Raised by SG Americas Securities LLC

SG Americas Securities LLC raised its position in shares of Byline Bancorp, Inc. (NYSE:BY) by 89.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,731 shares of the company’s stock after purchasing an additional 16,881 shares during the period. SG Americas Securities LLC’s holdings in Byline Bancorp were worth $1,042,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in Byline Bancorp by 99.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,095 shares of the company’s stock valued at $30,000 after buying an additional 546 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in Byline Bancorp by 5.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 10,414 shares of the company’s stock valued at $289,000 after buying an additional 558 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Byline Bancorp by 3.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 17,586 shares of the company’s stock valued at $488,000 after buying an additional 588 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Byline Bancorp by 26.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,051 shares of the company’s stock valued at $85,000 after buying an additional 643 shares during the last quarter. Finally, Legal & General Group Plc grew 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 buying an additional 712 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BY has been the topic of a number of research analyst reports. Zacks Research lowered Byline Bancorp from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Byline Bancorp in a report on Wednesday, January 21st. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $37.00 target price on shares of Byline Bancorp in a report on Tuesday, January 27th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $33.67.

Byline Bancorp Price Performance

Shares of NYSE:BY opened at $33.07 on Thursday. Byline Bancorp, Inc. has a 1-year low of $22.63 and a 1-year high of $33.89. The firm has a market capitalization of $1.51 billion, a PE ratio of 11.48 and a beta of 0.81. The business’s 50 day moving average is $31.86 and its 200-day moving average is $29.75. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.27.

Byline Bancorp (NYSE:BY) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.04. Byline Bancorp had a return on equity of 11.19% and a net margin of 20.54%.The company had revenue of $117.01 million for the quarter, compared to analyst estimates of $112.51 million. Sell-side analysts predict that Byline Bancorp, Inc. will post 2.6 earnings per share for the current year.

Byline Bancorp announced that its Board of Directors has authorized a stock buyback program on Thursday, December 11th that permits the company to buyback $2.25 million in outstanding shares. This buyback authorization permits the company to buy up to 0.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Byline Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Tuesday, February 3rd were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, February 3rd. This is a boost from Byline Bancorp’s previous quarterly dividend of $0.10. Byline Bancorp’s payout ratio is 16.67%.

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.