Byline Bancorp, Inc. (NYSE:BY) Shares Sold by Mendon Capital Advisors Corp

Mendon Capital Advisors Corp cut its position in shares of Byline Bancorp, Inc. (NYSE:BY - Free Report) by 17.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 125,000 shares of the company's stock after selling 26,405 shares during the quarter. Byline Bancorp makes up 1.8% of Mendon Capital Advisors Corp's investment portfolio, making the stock its 19th largest position. Mendon Capital Advisors Corp owned about 0.28% of Byline Bancorp worth $3,625,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in Byline Bancorp by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,129,208 shares of the company's stock valued at $61,747,000 after acquiring an additional 94,849 shares during the last quarter. State Street Corp lifted its position in Byline Bancorp by 6.5% during the third quarter. State Street Corp now owns 845,405 shares of the company's stock worth $22,631,000 after buying an additional 51,603 shares during the period. Boston Partners boosted its stake in Byline Bancorp by 818.2% in the 4th quarter. Boston Partners now owns 722,295 shares of the company's stock worth $20,839,000 after buying an additional 643,628 shares during the last quarter. American Century Companies Inc. grew its holdings in Byline Bancorp by 7.7% in the 4th quarter. American Century Companies Inc. now owns 634,446 shares of the company's stock valued at $18,399,000 after buying an additional 45,228 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Byline Bancorp by 71.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 557,242 shares of the company's stock valued at $14,917,000 after acquiring an additional 232,530 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Transactions at Byline Bancorp

In other news, insider Thomas Abraham sold 6,658 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $28.86, for a total transaction of $192,149.88. Following the sale, the insider now directly owns 62,282 shares in the company, valued at approximately $1,797,458.52. This represents a 9.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 30.06% of the company's stock.

Byline Bancorp Stock Performance

Shares of NYSE:BY opened at $23.93 on Tuesday. The business's 50-day simple moving average is $26.47 and its 200 day simple moving average is $28.15. Byline Bancorp, Inc. has a one year low of $20.64 and a one year high of $32.89. The company has a market cap of $1.07 billion, a P/E ratio of 8.67 and a beta of 0.90.

Byline Bancorp (NYSE:BY - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The company reported $0.69 EPS for the quarter, topping 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%. Analysts predict that Byline Bancorp, Inc. will post 2.6 earnings per share for the current year.

Byline Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th were given a dividend of $0.10 per share. This is a boost from Byline Bancorp's previous quarterly dividend of $0.09. The ex-dividend date was Tuesday, February 4th. This represents a $0.40 annualized dividend and a dividend yield of 1.67%. Byline Bancorp's dividend payout ratio (DPR) is presently 14.49%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BY shares. Stephens boosted their target price on shares of Byline Bancorp from $33.00 to $34.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. Hovde Group boosted their price target on Byline Bancorp from $33.00 to $34.00 and gave the company an "outperform" rating in a research report on Monday, January 27th.

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.

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