Byline Bancorp, Inc. (NYSE:BY) Holdings Reduced by Detalus Advisors LLC

Detalus Advisors LLC lowered its position in shares of Byline Bancorp, Inc. (NYSE:BY - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 206,052 shares of the company's stock after selling 16,500 shares during the quarter. Byline Bancorp comprises about 2.0% of Detalus Advisors LLC's portfolio, making the stock its 9th largest position. Detalus Advisors LLC owned about 0.46% of Byline Bancorp worth $5,976,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust acquired a new stake in shares of Byline Bancorp during the fourth quarter worth about $63,000. Bank of New York Mellon Corp raised its position in Byline Bancorp by 0.6% during the 4th quarter. Bank of New York Mellon Corp now owns 166,809 shares of the company's stock worth $4,837,000 after buying an additional 973 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Byline Bancorp by 9.2% during the 4th quarter. Principal Financial Group Inc. now owns 22,018 shares of the company's stock valued at $639,000 after acquiring an additional 1,854 shares during the period. Oceanside Advisors LLC purchased a new stake in shares of Byline Bancorp in the 4th quarter valued at $206,000. Finally, Empowered Funds LLC increased its stake in shares of Byline Bancorp by 5.1% in the fourth quarter. Empowered Funds LLC now owns 163,149 shares of the company's stock worth $4,731,000 after acquiring an additional 7,942 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

Byline Bancorp Trading Down 1.1 %

Shares of Byline Bancorp stock traded down $0.31 during trading hours on Monday, reaching $28.23. The stock had a trading volume of 116,890 shares, compared to its average volume of 133,907. The stock's 50 day moving average is $28.87 and its 200 day moving average is $28.45. Byline Bancorp, Inc. has a twelve month low of $19.70 and a twelve month high of $32.89. The firm has a market capitalization of $1.25 billion, a PE ratio of 10.23 and a beta of 1.15.

Byline Bancorp (NYSE:BY - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.08. Byline Bancorp had a return on equity of 11.61% and a net margin of 19.33%. As a group, sell-side analysts predict that Byline Bancorp, Inc. will post 2.6 earnings per share for the current year.

Byline Bancorp Increases Dividend

The firm also recently announced 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 positive change from Byline Bancorp's previous quarterly dividend of $0.09. The ex-dividend date was Tuesday, February 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.42%. Byline Bancorp's dividend payout ratio (DPR) is 14.49%.

Byline Bancorp announced that its Board of Directors has initiated a share buyback program on Thursday, December 5th that permits the company to repurchase 1,250,000 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have weighed in on BY. Stephens increased their price target 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. Keefe, Bruyette & Woods raised their target price on Byline Bancorp from $29.00 to $33.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Finally, Hovde Group boosted their price target on Byline Bancorp from $33.00 to $34.00 and gave the company an "outperform" rating in a report on Monday, January 27th.

Insider Activity at Byline Bancorp

In related news, insider Thomas Abraham sold 6,658 shares of Byline Bancorp stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $28.86, for a total value 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. The trade was a 9.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 30.06% of the stock is owned by corporate insiders.

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.