Curi RMB Capital LLC Sells 26,405 Shares of Byline Bancorp, Inc. (NYSE:BY)

Curi RMB Capital LLC reduced its position in Byline Bancorp, Inc. (NYSE:BY - Free Report) by 17.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 128,172 shares of the company's stock after selling 26,405 shares during the period. Curi RMB Capital LLC owned about 0.29% of Byline Bancorp worth $3,717,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BY. Dimensional Fund Advisors LP boosted its holdings in shares of Byline Bancorp by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,129,208 shares of the company's stock worth $61,747,000 after purchasing an additional 94,849 shares during the period. First Trust Advisors LP bought a new position in Byline Bancorp in the 4th quarter worth $3,609,000. Banc Funds Co. LLC increased its stake in shares of Byline Bancorp by 21.4% in the fourth quarter. Banc Funds Co. LLC now owns 117,612 shares of the company's stock worth $3,411,000 after purchasing an additional 20,722 shares during the period. Marshall Wace LLP acquired a new position in shares of Byline Bancorp during the fourth quarter worth approximately $299,000. Finally, Barclays PLC raised its stake in Byline Bancorp by 7.0% during the 4th quarter. Barclays PLC now owns 62,970 shares of the company's stock valued at $1,826,000 after purchasing an additional 4,096 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Buying and Selling

In related news, insider Thomas Abraham sold 6,658 shares of the stock in a transaction dated 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 in the company, valued at $1,797,458.52. This trade represents a 9.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 30.06% of the stock is owned by corporate insiders.

Byline Bancorp Stock Performance

Shares of BY stock traded up $0.29 during mid-day trading on Thursday, reaching $25.64. The company's stock had a trading volume of 192,646 shares, compared to its average volume of 149,029. The firm's 50-day moving average is $26.30 and its two-hundred day moving average is $28.13. The company has a market cap of $1.15 billion, a P/E ratio of 9.29 and a beta of 0.90. Byline Bancorp, Inc. has a 1-year low of $20.93 and a 1-year high of $32.89.

Byline Bancorp (NYSE:BY - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.03. Byline Bancorp had a net margin of 19.33% and a return on equity of 11.61%. Sell-side analysts anticipate that Byline Bancorp, Inc. will post 2.6 EPS for the current year.

Wall Street Analysts Forecast Growth

BY has been the subject of several research reports. Hovde Group increased their target price on shares of Byline Bancorp from $33.00 to $34.00 and gave the company an "outperform" rating in a research note on Monday, January 27th. Stephens raised their price objective on Byline Bancorp from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 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.