Trexquant Investment LP Makes New Investment in Byline Bancorp, Inc. (NYSE:BY)

Trexquant Investment LP purchased a new stake in shares of Byline Bancorp, Inc. (NYSE:BY - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 42,662 shares of the company's stock, valued at approximately $1,237,000. Trexquant Investment LP owned approximately 0.10% of Byline Bancorp as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BY. Parkside Financial Bank & Trust purchased a new position in Byline Bancorp during the fourth quarter valued at $63,000. KLP Kapitalforvaltning AS purchased a new position in Byline Bancorp during the 4th quarter valued at about $148,000. Point72 Asset Management L.P. boosted its stake 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 acquiring an additional 5,350 shares in the last quarter. Oceanside Advisors LLC purchased a new stake in Byline Bancorp in the fourth quarter worth about $206,000. Finally, HighTower Advisors LLC purchased a new stake in Byline Bancorp in the third quarter worth about $221,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Byline Bancorp Stock Performance

Shares of BY stock traded down $0.16 during mid-day trading on Friday, hitting $23.25. The company's stock had a trading volume of 165,372 shares, compared to its average volume of 149,738. Byline Bancorp, Inc. has a 52-week low of $19.82 and a 52-week high of $32.89. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 8.42 and a beta of 0.90. The business has a 50-day moving average price of $27.17 and a 200 day moving average price of $28.22.

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

Byline Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 4th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, February 4th. This is a positive change from Byline Bancorp's previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a yield of 1.72%. Byline Bancorp's payout ratio is currently 14.49%.

Insider Activity

In other news, insider Thomas Abraham sold 6,658 shares of the company's stock in a transaction dated 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 sale, the insider now owns 62,282 shares of the company's stock, valued at $1,797,458.52. This represents a 9.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 30.06% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on BY shares. Stephens boosted their price target on Byline Bancorp from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. Hovde Group upped 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.

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.