Rosenthal Henry Capital Advisors Inc. Invests $1.01 Million in Byline Bancorp, Inc. (NYSE:BY)

Rosenthal Henry Capital Advisors Inc. acquired a new position in Byline Bancorp, Inc. (NYSE:BY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 34,900 shares of the company's stock, valued at approximately $1,012,000. Rosenthal Henry Capital Advisors Inc. owned approximately 0.08% of Byline Bancorp at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Point72 Asset Management L.P. bought a new stake in Byline Bancorp in the second quarter worth approximately $26,000. New York State Teachers Retirement System raised its position in shares of Byline Bancorp by 25.3% during the third quarter. New York State Teachers Retirement System now owns 2,842 shares of the company's stock valued at $76,000 after buying an additional 574 shares during the last quarter. US Bancorp DE lifted its position in shares of Byline Bancorp by 995.8% in the 3rd quarter. US Bancorp DE now owns 4,646 shares of the company's stock worth $124,000 after acquiring an additional 4,222 shares during the period. Quantbot Technologies LP acquired a new stake in Byline Bancorp during the third quarter worth $127,000. Finally, Chicago Partners Investment Group LLC increased its stake in Byline Bancorp by 8.5% in the third quarter. Chicago Partners Investment Group LLC now owns 7,934 shares of the company's stock valued at $212,000 after acquiring an additional 619 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Byline Bancorp Stock Up 1.8 %

Shares of NYSE BY traded up $0.55 during mid-day trading on Thursday, reaching $30.26. 125,434 shares of the company were exchanged, compared to its average volume of 134,372. The stock has a market capitalization of $1.34 billion, a P/E ratio of 10.96 and a beta of 1.15. The company's 50-day simple moving average is $29.40 and its 200-day simple moving average is $28.17. Byline Bancorp, Inc. has a twelve month low of $19.70 and a twelve month high of $32.89.

Byline Bancorp (NYSE:BY - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.08. Byline Bancorp had a net margin of 19.33% and a return on equity of 11.61%. As a group, equities research analysts expect that Byline Bancorp, Inc. will post 2.58 EPS for the current year.

Byline Bancorp declared that its board has approved a share buyback plan on Thursday, December 5th that authorizes the company to repurchase 1,250,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Byline Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th will be paid a $0.10 dividend. This is a boost from Byline Bancorp's previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Tuesday, February 4th. Byline Bancorp's payout ratio is 14.49%.

Analysts Set New Price Targets

Several research firms have issued reports on BY. Hovde Group increased their price objective on Byline Bancorp from $33.00 to $34.00 and gave the stock an "outperform" rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods boosted their target price on Byline Bancorp from $29.00 to $33.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Stephens raised their target price on shares of Byline Bancorp from $33.00 to $34.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $34.00 price objective on shares of Byline Bancorp in a report on Tuesday, October 29th.

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.