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

Renaissance Technologies LLC increased its stake in Byline Bancorp, Inc. (NYSE:BY - Free Report) by 70.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,000 shares of the company's stock after purchasing an additional 40,900 shares during the quarter. Renaissance Technologies LLC owned 0.22% of Byline Bancorp worth $2,871,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BY. Jane Street Group LLC lifted its holdings in Byline Bancorp by 21.0% during the third quarter. Jane Street Group LLC now owns 36,209 shares of the company's stock valued at $969,000 after purchasing an additional 6,294 shares in the last quarter. Barclays PLC raised its holdings in shares of Byline Bancorp by 48.3% during the 3rd quarter. Barclays PLC now owns 58,874 shares of the company's stock worth $1,577,000 after acquiring an additional 19,187 shares in the last quarter. Principal Financial Group Inc. lifted its position in Byline Bancorp by 21.4% during the third quarter. Principal Financial Group Inc. now owns 20,164 shares of the company's stock valued at $540,000 after purchasing an additional 3,550 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Byline Bancorp by 71.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 557,242 shares of the company's stock valued at $14,917,000 after acquiring an additional 232,530 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Byline Bancorp by 39.9% during the 4th quarter. SG Americas Securities LLC now owns 13,767 shares of the company's stock valued at $399,000 after purchasing an additional 3,926 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Wall Street Analysts Forecast Growth

BY has been the subject of several analyst reports. Stephens raised their target price on shares of Byline Bancorp from $33.00 to $34.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. Hovde Group boosted their price objective on shares of Byline Bancorp from $33.00 to $34.00 and gave the company an "outperform" rating in a research report on Monday, January 27th.

Insiders Place Their Bets

In related news, insider Thomas Abraham sold 6,658 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $28.86, for a total transaction of $192,149.88. Following the completion of the transaction, the insider now directly owns 62,282 shares in the company, valued at $1,797,458.52. The trade was a 9.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 30.06% of the stock is currently owned by insiders.

Byline Bancorp Price Performance

NYSE BY traded up $0.23 during midday trading on Tuesday, hitting $25.88. 70,467 shares of the company traded hands, compared to its average volume of 149,713. Byline Bancorp, Inc. has a 52 week low of $21.60 and a 52 week high of $32.89. The company's 50-day simple moving average is $26.05 and its 200-day simple moving average is $28.16. The company has a market cap of $1.20 billion, a PE ratio of 9.38 and a beta of 0.90.

Byline Bancorp (NYSE:BY - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.03. The firm had revenue of $103.08 million during the quarter, compared to analysts' expectations of $100.82 million. Byline Bancorp had a return on equity of 11.61% and a net margin of 19.33%. On average, research analysts predict that Byline Bancorp, Inc. will post 2.6 earnings per share for the current year.

Byline Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 6th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Tuesday, May 6th. Byline Bancorp's dividend payout ratio (DPR) is presently 14.81%.

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.