Fiducient Advisors LLC Takes $1.73 Million Position in Byline Bancorp, Inc. (NYSE:BY)

Fiducient Advisors LLC acquired a new stake in Byline Bancorp, Inc. (NYSE:BY - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 64,607 shares of the company's stock, valued at approximately $1,730,000. Fiducient Advisors LLC owned approximately 0.15% of Byline Bancorp as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Byline Bancorp by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 1,551,552 shares of the company's stock worth $33,700,000 after acquiring an additional 51,682 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Byline Bancorp by 16.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 191,122 shares of the company's stock worth $4,537,000 after acquiring an additional 26,539 shares during the period. Bailard Inc. raised its holdings in Byline Bancorp by 72.3% in the 2nd quarter. Bailard Inc. now owns 19,300 shares of the company's stock valued at $458,000 after buying an additional 8,100 shares during the period. Entropy Technologies LP purchased a new stake in Byline Bancorp in the 1st quarter valued at about $216,000. Finally, Comerica Bank lifted its position in Byline Bancorp by 17,066.0% in the first quarter. Comerica Bank now owns 8,583 shares of the company's stock valued at $186,000 after buying an additional 8,533 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on BY shares. Keefe, Bruyette & Woods upped their target price on shares of Byline Bancorp from $25.00 to $29.00 and gave the company a "market perform" rating in a research report on Monday, July 29th. Stephens upped their target price on shares of Byline Bancorp from $27.00 to $29.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 30th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $34.00 target price on shares of Byline Bancorp in a research report on Tuesday.

Insiders Place Their Bets

In related news, insider Brogan Ptacin sold 11,812 shares of the company's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $27.65, for a total transaction of $326,601.80. Following the sale, the insider now directly owns 25,588 shares in the company, valued at approximately $707,508.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Pamela C. Stewart purchased 3,850 shares of the company's stock in a transaction on Wednesday, August 7th. The shares were bought at an average cost of $25.99 per share, for a total transaction of $100,061.50. Following the completion of the purchase, the director now directly owns 6,336 shares of the company's stock, valued at approximately $164,672.64. This trade represents a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brogan Ptacin sold 11,812 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $27.65, for a total transaction of $326,601.80. Following the completion of the transaction, the insider now owns 25,588 shares in the company, valued at $707,508.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 30.06% of the company's stock.

Byline Bancorp Stock Down 2.7 %

NYSE:BY traded down $0.75 on Thursday, reaching $26.91. 139,456 shares of the company's stock were exchanged, compared to its average volume of 134,084. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 9.86 and a beta of 1.12. The business has a fifty day moving average of $26.58 and a 200-day moving average of $24.92. Byline Bancorp, Inc. has a 52-week low of $18.95 and a 52-week high of $29.49.

Byline Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, November 5th. This represents a $0.36 dividend on an annualized basis and a yield of 1.34%. Byline Bancorp's dividend payout ratio (DPR) is presently 13.19%.

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.