PDT Partners LLC Acquires 17,288 Shares of Byline Bancorp, Inc. (NYSE:BY)

PDT Partners LLC increased its holdings in shares of Byline Bancorp, Inc. (NYSE:BY - Free Report) by 87.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,074 shares of the company's stock after acquiring an additional 17,288 shares during the quarter. PDT Partners LLC owned about 0.08% of Byline Bancorp worth $992,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of BY. Dimensional Fund Advisors LP increased its position in shares of Byline Bancorp by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,855,547 shares of the company's stock worth $44,049,000 after purchasing an additional 106,940 shares during the period. Vanguard Group Inc. increased its holdings in Byline Bancorp by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 1,551,552 shares of the company's stock valued at $33,700,000 after buying an additional 51,682 shares during the period. FMR LLC increased its holdings in Byline Bancorp by 7.3% in the 3rd quarter. FMR LLC now owns 1,035,844 shares of the company's stock valued at $27,730,000 after buying an additional 70,863 shares during the period. American Century Companies Inc. raised its position in shares of Byline Bancorp by 20.4% in the 2nd quarter. American Century Companies Inc. now owns 518,727 shares of the company's stock valued at $12,315,000 after buying an additional 87,796 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted 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. Institutional investors and hedge funds own 67.73% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler restated an "overweight" rating and set a $34.00 price objective on shares of Byline Bancorp in a research report on Tuesday, October 29th.

Byline Bancorp Stock Performance

Shares of NYSE BY remained flat at $31.42 during midday trading on Monday. 93,150 shares of the company's stock were exchanged, compared to its average volume of 138,361. The company's 50 day moving average price is $28.17 and its 200-day moving average price is $26.26. The stock has a market capitalization of $1.39 billion, a PE ratio of 11.43 and a beta of 1.12. Byline Bancorp, Inc. has a 12-month low of $19.70 and a 12-month high of $32.89.

Byline Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were issued a $0.09 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.36 dividend on an annualized basis and a yield of 1.15%. Byline Bancorp's payout ratio is presently 13.09%.

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.