Byline Bancorp, Inc. (NYSE:BY) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP lifted its stake in Byline Bancorp, Inc. (NYSE:BY - Free Report) by 16.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 478,359 shares of the company's stock after purchasing an additional 68,000 shares during the period. Wellington Management Group LLP owned about 1.08% of Byline Bancorp worth $13,872,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in Byline Bancorp by 48.3% in the third quarter. Barclays PLC now owns 58,874 shares of the company's stock worth $1,577,000 after purchasing an additional 19,187 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Byline Bancorp by 71.6% during the third quarter. JPMorgan Chase & Co. now owns 557,242 shares of the company's stock worth $14,917,000 after acquiring an additional 232,530 shares during the last quarter. State Street Corp raised its position in shares of Byline Bancorp by 6.5% in the 3rd quarter. State Street Corp now owns 845,405 shares of the company's stock valued at $22,631,000 after purchasing an additional 51,603 shares during the last quarter. Principal Financial Group Inc. increased its stake in Byline Bancorp by 21.4% during the 3rd 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 in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Byline Bancorp by 15.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,536 shares of the company's stock worth $2,510,000 after acquiring an additional 11,280 shares during the period. Institutional investors own 67.73% of the company's stock.

Insider Buying and Selling at Byline Bancorp

In other 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 sale, the insider now directly owns 62,282 shares of the company's stock, valued at $1,797,458.52. The trade was a 9.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 30.06% of the stock is owned by insiders.

Byline Bancorp Stock Performance

NYSE BY traded up $0.29 on Monday, reaching $23.54. The stock had a trading volume of 16,324 shares, compared to its average volume of 145,230. The business's 50-day moving average price is $27.17 and its 200 day moving average price is $28.24. Byline Bancorp, Inc. has a 12-month low of $19.82 and a 12-month high of $32.89. The stock has a market cap of $1.05 billion, a P/E ratio of 8.53 and a beta of 0.90.

Byline Bancorp (NYSE:BY - Get Free Report) last issued its earnings results on Thursday, January 23rd. The company reported $0.69 EPS for the quarter, topping 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%. On average, sell-side analysts predict that Byline Bancorp, Inc. will post 2.6 earnings per share for the current year.

Byline Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Tuesday, February 4th. This is a boost from Byline Bancorp's previous quarterly dividend of $0.09. Byline Bancorp's dividend payout ratio (DPR) is currently 14.49%.

Analysts Set New Price Targets

BY has been the topic of a number of recent analyst reports. Hovde Group increased their price target on Byline Bancorp from $33.00 to $34.00 and gave the stock an "outperform" rating in a research report on Monday, January 27th. Stephens lifted their target price on shares of Byline Bancorp from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 29th.

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.