Federated Hermes Inc. Purchases 12,913 Shares of Byline Bancorp, Inc. (NYSE:BY)

Federated Hermes Inc. raised its stake in shares of Byline Bancorp, Inc. (NYSE:BY - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 522,934 shares of the company's stock after buying an additional 12,913 shares during the period. Federated Hermes Inc. owned 1.18% of Byline Bancorp worth $15,165,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust bought a new stake in Byline Bancorp during the 4th quarter valued at approximately $63,000. KLP Kapitalforvaltning AS bought a new position in shares of Byline Bancorp during the 4th quarter worth about $148,000. Point72 Asset Management L.P. boosted its position in shares of Byline Bancorp by 481.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 6,462 shares of the company's stock valued at $173,000 after acquiring an additional 5,350 shares in the last quarter. Oceanside Advisors LLC bought a new stake in Byline Bancorp in the fourth quarter valued at about $206,000. Finally, HighTower Advisors LLC acquired a new position in Byline Bancorp in the third quarter worth about $221,000. Institutional investors own 67.73% of the company's stock.

Insider Activity at Byline Bancorp

In other news, insider Thomas Abraham sold 6,658 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $28.86, for a total transaction of $192,149.88. Following the completion of the sale, the insider now owns 62,282 shares of the company's stock, valued at approximately $1,797,458.52. This represents a 9.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 30.06% of the stock is currently owned by company insiders.

Byline Bancorp Stock Performance

NYSE:BY traded up $0.34 during mid-day trading on Tuesday, hitting $23.93. The company had a trading volume of 35,459 shares, compared to its average volume of 149,798. The firm has a market cap of $1.07 billion, a P/E ratio of 8.67 and a beta of 0.90. The business's fifty day moving average is $27.05 and its two-hundred day moving average is $28.22. Byline Bancorp, Inc. has a fifty-two week low of $19.82 and a fifty-two week high of $32.89.

Byline Bancorp (NYSE:BY - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.61 by $0.08. Byline Bancorp had a return on equity of 11.61% and a net margin of 19.33%. Equities analysts forecast that Byline Bancorp, Inc. will post 2.6 earnings per share for the current year.

Byline Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.67%. This is a boost from Byline Bancorp's previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Tuesday, February 4th. Byline Bancorp's dividend payout ratio is presently 14.49%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BY. Hovde Group raised their target price on Byline Bancorp from $33.00 to $34.00 and gave the stock an "outperform" rating in a research report on Monday, January 27th. Stephens boosted their target price on Byline Bancorp from $33.00 to $34.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th.

About Byline Bancorp

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.