Curi RMB Capital LLC Sells 138,595 Shares of Byline Bancorp, Inc. (NYSE:BY)

Curi RMB Capital LLC reduced its position in shares of Byline Bancorp, Inc. (NYSE:BY - Free Report) by 47.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 154,577 shares of the company's stock after selling 138,595 shares during the quarter. Curi RMB Capital LLC owned 0.35% of Byline Bancorp worth $4,138,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in shares of Byline Bancorp by 21.4% during the 3rd quarter. Principal Financial Group Inc. now owns 20,164 shares of the company's stock valued at $540,000 after buying an additional 3,550 shares during the period. Chicago Partners Investment Group LLC boosted its stake in Byline Bancorp by 8.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 7,934 shares of the company's stock worth $212,000 after purchasing an additional 619 shares during the period. US Bancorp DE lifted its holdings in shares of Byline Bancorp by 995.8% in the third quarter. US Bancorp DE now owns 4,646 shares of the company's stock worth $124,000 after buying an additional 4,222 shares in the last quarter. Fiducient Advisors LLC bought a new position in shares of Byline Bancorp during the third quarter worth $1,730,000. Finally, New York State Teachers Retirement System grew its stake 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 valued at $76,000 after acquiring an additional 574 shares in the last quarter. Institutional investors own 67.73% of the company's stock.

Byline Bancorp Stock Down 1.0 %

BY traded down $0.31 on Friday, hitting $31.14. The company had a trading volume of 118,025 shares, compared to its average volume of 138,835. The company has a market cap of $1.38 billion, a PE ratio of 11.32 and a beta of 1.12. Byline Bancorp, Inc. has a 12-month low of $19.70 and a 12-month high of $32.53. The business's fifty day simple moving average is $27.20 and its 200 day simple moving average is $25.64.

Byline Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Tuesday, November 5th. Byline Bancorp's dividend payout ratio is currently 13.09%.

Insider Transactions at Byline Bancorp

In other news, insider Brogan Ptacin sold 11,812 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $27.65, for a total value of $326,601.80. Following the sale, the insider now directly owns 25,588 shares in the company, valued at approximately $707,508.20. This represents a 31.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 30.06% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on BY shares. Keefe, Bruyette & Woods increased their price objective on shares of Byline Bancorp from $25.00 to $29.00 and gave the company a "market perform" rating in a report on Monday, July 29th. Piper Sandler reissued an "overweight" rating and set a $34.00 price target on shares of Byline Bancorp in a research note on Tuesday, October 29th. Finally, Stephens lifted their price objective on Byline Bancorp from $27.00 to $29.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 30th.

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.