Banc Funds Co. LLC reduced its position in Byline Bancorp, Inc. (NYSE:BY - Free Report) by 16.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,890 shares of the company's stock after selling 18,692 shares during the quarter. Banc Funds Co. LLC owned 0.22% of Byline Bancorp worth $2,594,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. Point72 Asset Management L.P. bought a new position in Byline Bancorp in the 2nd quarter worth about $26,000. CWM LLC increased its holdings in Byline Bancorp by 104.5% during the second quarter. CWM LLC now owns 1,323 shares of the company's stock valued at $31,000 after buying an additional 676 shares during the period. Innealta Capital LLC purchased a new stake in Byline Bancorp during the second quarter worth $48,000. Ashton Thomas Private Wealth LLC bought a new stake in Byline Bancorp during the 2nd quarter valued at $61,000. Finally, New York State Teachers Retirement System increased its holdings in shares of Byline Bancorp by 25.3% in the 3rd quarter. New York State Teachers Retirement System now owns 2,842 shares of the company's stock valued at $76,000 after acquiring an additional 574 shares during the period. Institutional investors own 67.73% of the company's stock.
Analyst Ratings Changes
Separately, Piper Sandler reiterated an "overweight" rating and set a $34.00 price objective on shares of Byline Bancorp in a research note on Tuesday, October 29th.
View Our Latest Stock Analysis on Byline Bancorp
Byline Bancorp Trading Up 0.9 %
Byline Bancorp stock traded up $0.29 during mid-day trading on Monday, hitting $31.71. The company had a trading volume of 40,534 shares, compared to its average volume of 138,124. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 11.43 and a beta of 1.12. Byline Bancorp, Inc. has a 12-month low of $19.70 and a 12-month high of $32.89. The company's fifty day moving average is $28.17 and its 200-day moving average is $26.26.
Byline Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Tuesday, November 5th. Byline Bancorp's dividend payout ratio (DPR) is presently 13.09%.
Byline Bancorp Profile
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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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