UBS Group AG Lowers Position in Byline Bancorp, Inc. $BY

UBS Group AG cut its stake in shares of Byline Bancorp, Inc. (NYSE:BY) by 34.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 92,400 shares of the company’s stock after selling 48,667 shares during the period. UBS Group AG owned about 0.20% of Byline Bancorp worth $2,693,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in Byline Bancorp by 99.5% during the third quarter. EverSource Wealth Advisors LLC now owns 1,095 shares of the company’s stock valued at $30,000 after purchasing an additional 546 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Byline Bancorp by 1,572.5% in the third quarter. Russell Investments Group Ltd. now owns 2,860 shares of the company’s stock valued at $79,000 after acquiring an additional 2,689 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Byline Bancorp by 319.3% in the second quarter. Tower Research Capital LLC TRC now owns 3,904 shares of the company’s stock valued at $104,000 after acquiring an additional 2,973 shares in the last quarter. LSV Asset Management purchased a new position in shares of Byline Bancorp in the third quarter valued at about $139,000. Finally, Quadrant Capital Group LLC purchased a new position in shares of Byline Bancorp in the third quarter valued at about $174,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Byline Bancorp Stock Up 0.5%

Shares of Byline Bancorp stock opened at $33.33 on Wednesday. Byline Bancorp, Inc. has a 52 week low of $24.75 and a 52 week high of $34.33. The stock’s 50-day simple moving average is $32.35 and its 200-day simple moving average is $31.03. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 10.86 and a beta of 0.75.

Byline Bancorp (NYSE:BY) last issued its earnings results on Thursday, April 23rd. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.09. Byline Bancorp had a return on equity of 11.56% and a net margin of 21.86%.The firm had revenue of $112.40 million for the quarter, compared to analysts’ expectations of $113.89 million. On average, equities analysts expect that Byline Bancorp, Inc. will post 3.28 earnings per share for the current year.

Byline Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 5th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, May 5th. Byline Bancorp’s payout ratio is 15.64%.

Analyst Ratings Changes

Several brokerages have recently commented on BY. Weiss Ratings restated a “buy (b)” rating on shares of Byline Bancorp in a research report on Wednesday, May 13th. Zacks Research downgraded Byline Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 27th. Finally, Piper Sandler boosted their price objective on Byline Bancorp from $37.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.00.

About Byline Bancorp

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.