Jane Street Group LLC Increases Position in Byline Bancorp, Inc. (NYSE:BY)

Jane Street Group LLC raised its holdings in shares of Byline Bancorp, Inc. (NYSE:BY) by 146.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 89,161 shares of the company’s stock after purchasing an additional 52,952 shares during the quarter. Jane Street Group LLC’s holdings in Byline Bancorp were worth $2,586,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of Byline Bancorp by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,129,208 shares of the company’s stock valued at $61,747,000 after acquiring an additional 94,849 shares in the last quarter. Boston Partners raised its stake in Byline Bancorp by 818.2% in the fourth quarter. Boston Partners now owns 722,295 shares of the company’s stock worth $20,839,000 after buying an additional 643,628 shares in the last quarter. American Century Companies Inc. raised its stake in Byline Bancorp by 7.7% in the fourth quarter. American Century Companies Inc. now owns 634,446 shares of the company’s stock worth $18,399,000 after buying an additional 45,228 shares in the last quarter. Federated Hermes Inc. raised its stake in Byline Bancorp by 2.5% in the fourth quarter. Federated Hermes Inc. now owns 522,934 shares of the company’s stock worth $15,165,000 after buying an additional 12,913 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Byline Bancorp by 16.6% in the fourth quarter. Wellington Management Group LLP now owns 478,359 shares of the company’s stock worth $13,872,000 after buying an additional 68,000 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling at Byline Bancorp

In other Byline Bancorp news, insider Thomas Abraham sold 6,658 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $28.86, for a total value of $192,149.88. Following the sale, the insider now directly owns 62,282 shares of the company’s stock, valued at approximately $1,797,458.52. This represents a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 30.06% of the stock is owned by corporate insiders.

Byline Bancorp Trading Down 0.2%

Shares of BY stock opened at $27.13 on Thursday. The company has a market cap of $1.25 billion, a PE ratio of 9.83 and a beta of 0.85. Byline Bancorp, Inc. has a 12-month low of $21.96 and a 12-month high of $32.89. The business’s fifty day simple moving average is $25.59 and its 200-day simple moving average is $28.13.

Byline Bancorp (NYSE:BY) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. The firm had revenue of $103.08 million for the quarter, compared to analyst estimates of $100.82 million. Byline Bancorp had a net margin of 19.33% and a return on equity of 11.61%. On average, equities analysts forecast that Byline Bancorp, Inc. will post 2.6 earnings per share for the current year.

Byline Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 6th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.47%. The ex-dividend date is Tuesday, May 6th. Byline Bancorp’s payout ratio is 14.81%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Stephens boosted their price objective on shares of Byline Bancorp from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Hovde Group boosted their price objective on shares of Byline Bancorp from $33.00 to $34.00 and gave the stock an “outperform” rating in a research note on Monday, January 27th.

Byline Bancorp Company Profile

Byline Bancorp, Inc operates as the bank holding company for Byline Bank that provides various banking products and services for small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the United States. It offers various retail deposit products, including non-interest-bearing accounts, money market demand accounts, savings accounts, interest-bearing checking accounts, and time deposits; ATM and debit cards; and online, mobile, and text banking services, as well as commercial deposits.