Byline Bancorp, Inc. (NYSE:BY) Shares Acquired by Fmr LLC

FMR LLC lifted its position in Byline Bancorp, Inc. (NYSE:BY - Free Report) by 7.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,035,844 shares of the company's stock after buying an additional 70,863 shares during the quarter. FMR LLC owned approximately 2.33% of Byline Bancorp worth $27,730,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Asset Management L.P. acquired a new stake in shares of Byline Bancorp in the 2nd quarter valued at about $26,000. CWM LLC boosted its position in shares of Byline Bancorp by 104.5% in the 2nd quarter. CWM LLC now owns 1,323 shares of the company's stock valued at $31,000 after purchasing an additional 676 shares during the period. Innealta Capital LLC acquired a new stake in Byline Bancorp during the 2nd quarter worth approximately $48,000. Ashton Thomas Private Wealth LLC acquired a new stake in Byline Bancorp during the 2nd quarter worth approximately $61,000. Finally, New York State Teachers Retirement System lifted its position in Byline Bancorp by 25.3% during the 3rd quarter. New York State Teachers Retirement System now owns 2,842 shares of the company's stock worth $76,000 after acquiring an additional 574 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

Byline Bancorp Stock Up 0.3 %

NYSE BY traded up $0.09 during mid-day trading on Tuesday, hitting $31.25. The stock had a trading volume of 93,385 shares, compared to its average volume of 137,109. Byline Bancorp, Inc. has a 52-week low of $19.70 and a 52-week high of $32.89. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 11.33 and a beta of 1.15. The company has a 50 day simple moving average of $28.76 and a 200 day simple moving average of $26.59.

Byline Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Tuesday, November 5th. Byline Bancorp's payout ratio is 13.09%.

Byline Bancorp declared that its board has authorized a stock repurchase program on Thursday, December 5th that authorizes the company to buyback 1,250,000 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

BY has been the subject of a number of recent research reports. Piper Sandler reaffirmed an "overweight" rating and set a $34.00 price objective on shares of Byline Bancorp in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods raised their price objective on Byline Bancorp from $29.00 to $33.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th.

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.