Marshall Wace LLP Acquires New Position in Byline Bancorp, Inc. (NYSE:BY)

Marshall Wace LLP acquired a new position in shares of Byline Bancorp, Inc. (NYSE:BY - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,327 shares of the company's stock, valued at approximately $299,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Invesco Ltd. raised its position in shares of Byline Bancorp by 0.9% in the fourth quarter. Invesco Ltd. now owns 50,451 shares of the company's stock valued at $1,463,000 after buying an additional 439 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Byline Bancorp by 5.9% during the fourth quarter. Sterling Capital Management LLC now owns 15,857 shares of the company's stock worth $460,000 after purchasing an additional 886 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Byline Bancorp by 0.6% in the fourth quarter. Bank of New York Mellon Corp now owns 166,809 shares of the company's stock valued at $4,837,000 after purchasing an additional 973 shares during the period. Princeton Capital Management LLC lifted its position in 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 during the period. Finally, Legal & General Group Plc boosted its stake in Byline Bancorp by 5.1% in the 4th quarter. Legal & General Group Plc now owns 29,008 shares of the company's stock worth $841,000 after buying an additional 1,420 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. 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 research report on Wednesday, January 29th. Hovde Group lifted their target price on Byline Bancorp from $33.00 to $34.00 and gave the company an "outperform" rating in a report on Monday, January 27th.

Byline Bancorp Stock Performance

Byline Bancorp stock traded up $0.06 during trading on Wednesday, reaching $25.97. 151,801 shares of the company's stock were exchanged, compared to its average volume of 154,687. The company's 50-day moving average is $25.67 and its two-hundred day moving average is $28.12. Byline Bancorp, Inc. has a 52-week low of $21.96 and a 52-week high of $32.89. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 9.41 and a beta of 0.85.

Byline Bancorp (NYSE:BY - Get Free Report) last released its quarterly earnings results 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%. Analysts anticipate that Byline Bancorp, Inc. will post 2.6 EPS for the current year.

Byline Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 6th will be given a $0.10 dividend. 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 1.54%. Byline Bancorp's payout ratio is currently 14.81%.

Insider Activity

In other news, insider Thomas Abraham sold 6,658 shares of the firm's stock in a transaction that occurred 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 owns 62,282 shares of the company's stock, valued at approximately $1,797,458.52. This trade represents a 9.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 30.06% of the company's stock.

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.