Vanguard Group Inc. Increases Stake in Byline Bancorp, Inc. $BY

Vanguard Group Inc. grew its position in shares of Byline Bancorp, Inc. (NYSE:BY) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,822,619 shares of the company’s stock after buying an additional 47,798 shares during the quarter. Vanguard Group Inc. owned 3.98% of Byline Bancorp worth $53,129,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in Byline Bancorp by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,322,339 shares of the company’s stock worth $64,399,000 after buying an additional 24,507 shares during the last quarter. American Century Companies Inc. raised its position in Byline Bancorp by 9.3% during the 3rd quarter. American Century Companies Inc. now owns 803,287 shares of the company’s stock worth $22,275,000 after buying an additional 68,230 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Byline Bancorp by 31.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 588,359 shares of the company’s stock valued at $16,315,000 after purchasing an additional 140,219 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Byline Bancorp by 0.7% in the 3rd quarter. Federated Hermes Inc. now owns 491,510 shares of the company’s stock valued at $13,630,000 after purchasing an additional 3,273 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Byline Bancorp by 56.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 358,536 shares of the company’s stock valued at $9,942,000 after purchasing an additional 129,032 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Byline Bancorp Trading Down 2.1%

NYSE:BY opened at $31.88 on Friday. The firm has a 50-day moving average price of $32.06 and a two-hundred day moving average price of $30.71. Byline Bancorp, Inc. has a twelve month low of $24.75 and a twelve month high of $34.33. The company has a market capitalization of $1.45 billion, a P/E ratio of 10.38 and a beta of 0.75.

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

Byline Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 5th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, May 5th. Byline Bancorp’s dividend payout ratio (DPR) is 15.64%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Byline Bancorp in a report on Wednesday. Piper Sandler increased their price target on shares of Byline Bancorp from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Finally, Zacks Research downgraded shares of Byline Bancorp from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Byline Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $34.67.

Byline Bancorp Company 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.