Aristotle Capital Boston LLC Has $32.07 Million Stake in Byline Bancorp, Inc. (NYSE:BY)

Aristotle Capital Boston LLC lessened its holdings in Byline Bancorp, Inc. (NYSE:BY - Free Report) by 10.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,105,686 shares of the company's stock after selling 132,995 shares during the period. Byline Bancorp comprises about 1.2% of Aristotle Capital Boston LLC's portfolio, making the stock its 29th largest holding. Aristotle Capital Boston LLC owned 2.49% of Byline Bancorp worth $32,065,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BY. Boston Partners lifted its stake in Byline Bancorp by 818.2% during the 4th quarter. Boston Partners now owns 722,295 shares of the company's stock worth $20,839,000 after acquiring an additional 643,628 shares in the last quarter. Next Century Growth Investors LLC acquired a new stake in Byline Bancorp during the fourth quarter worth approximately $9,599,000. JPMorgan Chase & Co. boosted its stake in Byline Bancorp by 71.6% in the third 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 in the last quarter. First Trust Advisors LP purchased a new position in Byline Bancorp during the 4th quarter worth approximately $3,609,000. Finally, Dimensional Fund Advisors LP increased its position in Byline Bancorp by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,129,208 shares of the company's stock valued at $61,747,000 after acquiring an additional 94,849 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

Byline Bancorp Stock Up 2.3 %

BY stock traded up $0.59 during mid-day trading on Thursday, reaching $26.54. The company had a trading volume of 34,999 shares, compared to its average volume of 154,213. The stock's 50-day simple moving average is $25.67 and its two-hundred day simple moving average is $28.12. The stock has a market capitalization of $1.22 billion, a P/E ratio of 9.62 and a beta of 0.85. Byline Bancorp, Inc. has a one year low of $21.96 and a one year high of $32.89.

Byline Bancorp (NYSE:BY - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.62 by $0.03. Byline Bancorp had a net margin of 19.33% and a return on equity of 11.61%. The firm had revenue of $103.08 million for the quarter, compared to analysts' expectations of $100.82 million. On average, research analysts forecast that Byline Bancorp, Inc. will post 2.6 EPS for the current fiscal 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 is Tuesday, May 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.51%. Byline Bancorp's dividend payout ratio is currently 14.81%.

Insider Activity at Byline Bancorp

In other news, insider Thomas Abraham sold 6,658 shares of the firm's stock in a transaction on 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 directly owns 62,282 shares in the company, valued at approximately $1,797,458.52. This trade represents a 9.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 30.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Hovde Group upped their price target on Byline Bancorp from $33.00 to $34.00 and gave the stock an "outperform" rating in a report on Monday, January 27th. Stephens increased 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 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.