Byline Bancorp, Inc. (NYSE:BY) Shares Purchased by Quattro Financial Advisors LLC

Quattro Financial Advisors LLC raised its position in Byline Bancorp, Inc. (NYSE:BY) by 124,900.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,000 shares of the company’s stock after purchasing an additional 29,976 shares during the quarter. Quattro Financial Advisors LLC’s holdings in Byline Bancorp were worth $652,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of Byline Bancorp by 21.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 211,871 shares of the company’s stock worth $4,176,000 after purchasing an additional 37,083 shares during the last quarter. FMR LLC increased its position in shares of Byline Bancorp by 18.4% during the third quarter. FMR LLC now owns 767,331 shares of the company’s stock valued at $15,124,000 after acquiring an additional 119,383 shares during the last quarter. Alps Advisors Inc. raised its stake in shares of Byline Bancorp by 14.1% in the 3rd quarter. Alps Advisors Inc. now owns 16,362 shares of the company’s stock valued at $322,000 after acquiring an additional 2,027 shares during the period. American Century Companies Inc. boosted its position in shares of Byline Bancorp by 13.8% during the 3rd quarter. American Century Companies Inc. now owns 250,504 shares of the company’s stock worth $4,937,000 after purchasing an additional 30,394 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Byline Bancorp by 5.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,449,974 shares of the company’s stock valued at $28,579,000 after purchasing an additional 79,051 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Hovde Group started coverage on Byline Bancorp in a research note on Monday, May 20th. They set an “outperform” rating and a $27.50 price target on the stock. Stephens lowered their target price on Byline Bancorp from $26.00 to $25.00 and set an “equal weight” rating for the company in a report on Wednesday, April 3rd.

Byline Bancorp Stock Performance

Shares of Byline Bancorp stock traded up $0.27 during trading hours on Tuesday, reaching $24.12. 143,553 shares of the company were exchanged, compared to its average volume of 115,299. The firm has a market cap of $1.06 billion, a PE ratio of 8.78 and a beta of 1.14. Byline Bancorp, Inc. has a 1 year low of $17.67 and a 1 year high of $24.52. The stock’s fifty day moving average is $22.86 and its 200 day moving average is $22.09.

Byline Bancorp (NYSE:BY) last issued its quarterly earnings results on Friday, April 26th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.07. The company had revenue of $153.79 million for the quarter, compared to the consensus estimate of $97.35 million. Byline Bancorp had a return on equity of 13.18% and a net margin of 19.91%. During the same quarter in the prior year, the business earned $0.65 EPS. Research analysts expect that Byline Bancorp, Inc. will post 2.62 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 21st. Investors of record on Tuesday, May 7th were issued a $0.09 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.36 annualized dividend and a yield of 1.49%. Byline Bancorp’s dividend payout ratio (DPR) is 13.19%.

Insider Buying and Selling

In other Byline Bancorp news, insider John Barkidjija sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $22.64, for a total value of $226,400.00. Following the sale, the insider now directly owns 30,691 shares in the company, valued at $694,844.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 30.06% of the stock is owned by insiders.

Byline Bancorp 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.