Marshall Wace LLP Makes New $299,000 Investment in Byline Bancorp, Inc. (NYSE:BY)

Marshall Wace LLP acquired a new position in Byline Bancorp, Inc. (NYSE:BY - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 10,327 shares of the company's stock, valued at approximately $299,000.

A number of other large investors have also recently added to or reduced their stakes in BY. Parkside Financial Bank & Trust acquired a new stake in shares of Byline Bancorp during the fourth quarter valued at $63,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Byline Bancorp during the 4th quarter worth about $148,000. Oceanside Advisors LLC purchased a new stake in shares of Byline Bancorp during the fourth quarter worth about $206,000. Princeton Capital Management LLC grew its holdings in shares of Byline Bancorp by 12.0% during the fourth quarter. Princeton Capital Management LLC now owns 11,200 shares of the company's stock worth $325,000 after buying an additional 1,200 shares in the last quarter. Finally, Inceptionr LLC purchased a new position in shares of Byline Bancorp during the fourth quarter valued at approximately $356,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Byline Bancorp Stock Down 0.5 %

Shares of BY stock traded down $0.13 on Friday, reaching $26.22. 160,412 shares of the stock were exchanged, compared to its average volume of 155,213. The stock has a market cap of $1.21 billion, a P/E ratio of 9.50 and a beta of 0.85. The firm has a 50 day moving average of $25.60 and a two-hundred day moving average of $28.12. Byline Bancorp, Inc. has a 1-year low of $21.96 and a 1-year high of $32.89.

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

Byline Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 6th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $0.40 dividend on an annualized basis and a yield of 1.53%. Byline Bancorp's dividend payout ratio (DPR) is 14.81%.

Insiders Place Their Bets

In other news, insider Thomas Abraham sold 6,658 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $28.86, for a total value 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 30.06% of the stock is owned by insiders.

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.