JPMorgan Chase & Co. Has $15.47 Million Stake in Byline Bancorp, Inc. (NYSE:BY)

JPMorgan Chase & Co. cut its stake in Byline Bancorp, Inc. (NYSE:BY - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 533,292 shares of the company's stock after selling 23,950 shares during the period. JPMorgan Chase & Co. owned about 1.20% of Byline Bancorp worth $15,465,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its holdings in shares of Byline Bancorp by 22.5% in the third quarter. The Manufacturers Life Insurance Company now owns 15,198 shares of the company's stock worth $407,000 after acquiring an additional 2,795 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Byline Bancorp by 89.9% in the third quarter. BNP Paribas Financial Markets now owns 13,093 shares of the company's stock valued at $350,000 after buying an additional 6,198 shares during the last quarter. HighTower Advisors LLC acquired a new position in Byline Bancorp in the 3rd quarter valued at $221,000. Point72 Asset Management L.P. lifted its position in Byline Bancorp by 481.1% during the third quarter. Point72 Asset Management L.P. now owns 6,462 shares of the company's stock worth $173,000 after buying an additional 5,350 shares during the period. Finally, State Street Corp lifted its holdings in shares of Byline Bancorp by 6.5% during the 3rd quarter. State Street Corp now owns 845,405 shares of the company's stock worth $22,631,000 after acquiring an additional 51,603 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.

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Byline Bancorp Stock Up 1.4 %

NYSE:BY traded up $0.32 during trading hours on Monday, reaching $23.57. 190,151 shares of the stock were exchanged, compared to its average volume of 150,243. The stock has a market capitalization of $1.05 billion, a P/E ratio of 8.54 and a beta of 0.90. The firm has a 50 day simple moving average of $27.05 and a 200-day simple moving average of $28.22. Byline Bancorp, Inc. has a 52 week low of $19.82 and a 52 week high of $32.89.

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

Byline Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, February 4th. This represents a $0.40 annualized dividend and a yield of 1.70%. This is a boost from Byline Bancorp's previous quarterly dividend of $0.09. Byline Bancorp's dividend payout ratio (DPR) is currently 14.49%.

Insider Buying and Selling

In other news, insider Thomas Abraham sold 6,658 shares of the firm's stock in a transaction 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 completion of the sale, the insider now directly owns 62,282 shares of the company's stock, valued at $1,797,458.52. This trade represents a 9.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 30.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.