Detalus Advisors LLC Sells 68,558 Shares of Byline Bancorp, Inc. (NYSE:BY)

Detalus Advisors LLC reduced its position in shares of Byline Bancorp, Inc. (NYSE:BY - Free Report) by 23.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 222,552 shares of the company's stock after selling 68,558 shares during the period. Byline Bancorp comprises about 2.0% of Detalus Advisors LLC's investment portfolio, making the stock its 10th largest holding. Detalus Advisors LLC owned 0.50% of Byline Bancorp worth $5,958,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in Byline Bancorp by 6.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,855,547 shares of the company's stock worth $44,049,000 after buying an additional 106,940 shares in the last quarter. American Century Companies Inc. boosted its position in Byline Bancorp by 20.4% during the second quarter. American Century Companies Inc. now owns 518,727 shares of the company's stock valued at $12,315,000 after purchasing an additional 87,796 shares during the last quarter. Vanguard Group Inc. grew its stake in Byline Bancorp by 3.4% in the first quarter. Vanguard Group Inc. now owns 1,551,552 shares of the company's stock valued at $33,700,000 after purchasing an additional 51,682 shares in the last quarter. Inspire Investing LLC raised its stake in shares of Byline Bancorp by 196.7% during the 2nd quarter. Inspire Investing LLC now owns 49,169 shares of the company's stock worth $1,167,000 after purchasing an additional 32,599 shares in the last quarter. Finally, Quattro Financial Advisors LLC boosted its holdings in shares of Byline Bancorp by 124,900.0% in the 1st quarter. Quattro Financial Advisors LLC now owns 30,000 shares of the company's stock valued at $652,000 after buying an additional 29,976 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BY has been the topic of a number of recent analyst reports. Piper Sandler reaffirmed an "overweight" rating and set a $34.00 price target (up from $27.00) on shares of Byline Bancorp in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods lifted their price target on Byline Bancorp from $25.00 to $29.00 and gave the stock a "market perform" rating in a report on Monday, July 29th. Finally, Stephens boosted their price target on Byline Bancorp from $27.00 to $29.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 30th.

Insider Buying and Selling

In related 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 transaction of $326,601.80. Following the sale, the insider now owns 25,588 shares of the company's stock, valued at $707,508.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider John Barkidjija sold 1,488 shares of Byline Bancorp stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $29.26, for a total value of $43,538.88. Following the transaction, the insider now directly owns 30,691 shares of the company's stock, valued at $898,018.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brogan Ptacin sold 11,812 shares of the company's stock in a transaction 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 owns 25,588 shares of the company's stock, valued at $707,508.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,309 shares of company stock valued at $1,131,254. 30.06% of the stock is owned by company insiders.

Byline Bancorp Price Performance

Byline Bancorp stock traded up $0.14 during trading hours on Wednesday, hitting $26.73. The company had a trading volume of 209,042 shares, compared to its average volume of 132,012. Byline Bancorp, Inc. has a one year low of $18.39 and a one year high of $29.49. The firm has a market cap of $1.18 billion, a PE ratio of 9.78 and a beta of 1.12. The firm has a 50-day moving average of $26.46 and a 200 day moving average of $24.67.

Byline Bancorp (NYSE:BY - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.05. The business had revenue of $154.41 million during the quarter, compared to the consensus estimate of $99.25 million. Byline Bancorp had a return on equity of 12.69% and a net margin of 19.42%. During the same period in the previous year, the company posted $0.73 EPS. As a group, research analysts expect that Byline Bancorp, Inc. will post 2.67 earnings per share for the current year.

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.