Byline Bancorp, Inc. (NYSE:BY) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC raised its position in Byline Bancorp, Inc. (NYSE:BYFree Report) by 1,726.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,936 shares of the company’s stock after acquiring an additional 1,830 shares during the quarter. GAMMA Investing LLC’s holdings in Byline Bancorp were worth $51,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Invesco Ltd. boosted its position in shares of Byline Bancorp by 0.9% during the 4th quarter. Invesco Ltd. now owns 50,451 shares of the company’s stock worth $1,463,000 after purchasing an additional 439 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Byline Bancorp by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,721 shares of the company’s stock worth $514,000 after purchasing an additional 620 shares in the last quarter. Sterling Capital Management LLC boosted its position in shares of Byline Bancorp by 5.9% during the 4th quarter. Sterling Capital Management LLC now owns 15,857 shares of the company’s stock worth $460,000 after purchasing an additional 886 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Byline Bancorp by 88.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,053 shares of the company’s stock worth $60,000 after purchasing an additional 963 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Byline Bancorp by 0.6% during the 4th quarter. Bank of New York Mellon Corp now owns 166,809 shares of the company’s stock worth $4,837,000 after purchasing an additional 973 shares in the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Hovde Group set a $32.00 target price on shares of Byline Bancorp in a research report on Monday, May 19th.

View Our Latest Stock Report on BY

Byline Bancorp Stock Performance

Shares of NYSE BY opened at $25.71 on Thursday. The firm has a market capitalization of $1.19 billion, a P/E ratio of 9.52 and a beta of 0.85. Byline Bancorp, Inc. has a one year low of $22.36 and a one year high of $32.89. The company’s fifty day moving average is $25.87 and its two-hundred day moving average is $27.21.

Byline Bancorp (NYSE:BYGet Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.62 by $0.03. Byline Bancorp had a net margin of 19.10% and a return on equity of 11.00%. The business had revenue of $103.08 million for the quarter, compared to analyst estimates of $100.82 million. On average, sell-side analysts forecast that Byline Bancorp, Inc. will post 2.6 earnings per share for the current fiscal year.

Byline Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Tuesday, May 6th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.40 annualized dividend and a dividend yield of 1.56%. Byline Bancorp’s dividend payout ratio is presently 14.81%.

Insider Buying and Selling

In related news, EVP Megan Biggam sold 8,576 shares of the business’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $26.75, for a total value of $229,408.00. Following the sale, the executive vice president now directly owns 17,630 shares in the company, valued at $471,602.50. The trade was a 32.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Phillip R. Cabrera acquired 2,360 shares of the firm’s stock in a transaction that occurred on Wednesday, June 11th. The stock was acquired at an average price of $24.75 per share, for a total transaction of $58,410.00. Following the completion of the transaction, the director now directly owns 3,960 shares in the company, valued at approximately $98,010. This represents a 147.50% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 28.79% of the company’s stock.

About Byline Bancorp

(Free Report)

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.

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Want to see what other hedge funds are holding BY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Byline Bancorp, Inc. (NYSE:BYFree Report).

Institutional Ownership by Quarter for Byline Bancorp (NYSE:BY)

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