Barclays PLC Has $1.58 Million Stake in Byline Bancorp, Inc. (NYSE:BY)

Barclays PLC boosted its stake in shares of Byline Bancorp, Inc. (NYSE:BY - Free Report) by 48.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,874 shares of the company's stock after purchasing an additional 19,187 shares during the quarter. Barclays PLC owned about 0.13% of Byline Bancorp worth $1,577,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Point72 Asset Management L.P. acquired a new stake in Byline Bancorp in the 2nd quarter valued at approximately $26,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Byline Bancorp in the second quarter worth $61,000. New York State Teachers Retirement System increased its position in 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 worth $76,000 after acquiring an additional 574 shares during the period. US Bancorp DE raised its stake in Byline Bancorp by 995.8% during the 3rd quarter. US Bancorp DE now owns 4,646 shares of the company's stock valued at $124,000 after purchasing an additional 4,222 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Byline Bancorp in the 3rd quarter valued at $127,000. Institutional investors own 67.73% of the company's stock.

Byline Bancorp Stock Down 3.2 %

BY traded down $0.90 during trading on Friday, reaching $26.96. 121,352 shares of the company's stock were exchanged, compared to its average volume of 123,592. The business has a 50 day moving average price of $30.19 and a 200 day moving average price of $27.69. Byline Bancorp, Inc. has a fifty-two week low of $19.70 and a fifty-two week high of $32.89. The company has a market capitalization of $1.20 billion, a P/E ratio of 9.80 and a beta of 1.15.

Byline Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Tuesday, November 5th. Byline Bancorp's dividend payout ratio is 13.09%.

Byline Bancorp declared that its board has approved a stock buyback program on Thursday, December 5th that authorizes the company to buyback 1,250,000 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Byline Bancorp from $29.00 to $33.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Piper Sandler reissued an "overweight" rating and set a $34.00 target price on shares of Byline Bancorp in a research report on Tuesday, October 29th.

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.