Byline Bancorp, Inc. (NYSE:BY) Shares Bought by Northern Trust Corp

Northern Trust Corp boosted its position in shares of Byline Bancorp, Inc. (NYSE:BY) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 273,390 shares of the company’s stock after buying an additional 18,236 shares during the quarter. Northern Trust Corp’s holdings in Byline Bancorp were worth $7,928,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BY. Invesco Ltd. grew its position in shares of Byline Bancorp by 0.9% in the fourth quarter. Invesco Ltd. now owns 50,451 shares of the company’s stock valued at $1,463,000 after purchasing an additional 439 shares during the period. Sterling Capital Management LLC grew its position in shares of Byline Bancorp by 5.9% in the fourth quarter. Sterling Capital Management LLC now owns 15,857 shares of the company’s stock valued at $460,000 after purchasing an additional 886 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Byline Bancorp by 88.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,053 shares of the company’s stock valued at $60,000 after purchasing an additional 963 shares during the period. Bank of New York Mellon Corp grew its position in shares of Byline Bancorp by 0.6% in the fourth quarter. Bank of New York Mellon Corp now owns 166,809 shares of the company’s stock valued at $4,837,000 after purchasing an additional 973 shares during the period. Finally, MetLife Investment Management LLC grew its position in shares of Byline Bancorp by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 19,049 shares of the company’s stock valued at $552,000 after purchasing an additional 1,038 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Byline Bancorp Trading Down 0.4%

NYSE:BY opened at $27.08 on Monday. The company’s 50-day moving average price is $25.62 and its 200-day moving average price is $28.13. The company has a market cap of $1.25 billion, a P/E ratio of 9.81 and a beta of 0.85. Byline Bancorp, Inc. has a twelve month low of $21.96 and a twelve month high of $32.89.

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

Byline Bancorp Dividend Announcement

The company also recently announced 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. The ex-dividend date is Tuesday, May 6th. This represents a $0.40 annualized dividend and a yield of 1.48%. Byline Bancorp’s payout ratio is 14.81%.

Analysts Set New Price Targets

BY has been the topic of several research reports. Stephens raised their price target 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 raised their price target 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.

Insider Buying and Selling at Byline Bancorp

In other Byline Bancorp news, insider Thomas Abraham sold 6,658 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $28.86, for a total value of $192,149.88. Following the transaction, the insider now directly owns 62,282 shares in the company, valued at $1,797,458.52. The trade was a 9.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 30.06% of the stock is currently owned by company insiders.

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.