Byline Bancorp, Inc. (NYSE:BY) Shares Sold by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC decreased its holdings in shares of Byline Bancorp, Inc. (NYSE:BY - Free Report) by 10.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,105,686 shares of the company's stock after selling 132,995 shares during the quarter. Byline Bancorp makes up about 1.2% of Aristotle Capital Boston LLC's investment portfolio, making the stock its 29th biggest holding. Aristotle Capital Boston LLC owned 2.49% of Byline Bancorp worth $32,065,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Tower Research Capital LLC TRC raised its holdings in Byline Bancorp by 88.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,053 shares of the company's stock valued at $60,000 after acquiring an additional 963 shares in the last quarter. Parkside Financial Bank & Trust acquired a new position in Byline Bancorp in the 4th quarter worth about $63,000. KLP Kapitalforvaltning AS bought a new stake in Byline Bancorp during the 4th quarter worth approximately $148,000. Oceanside Advisors LLC bought a new stake in shares of Byline Bancorp in the fourth quarter worth $206,000. Finally, Marshall Wace LLP bought a new position in shares of Byline Bancorp during the fourth quarter worth about $299,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Byline Bancorp Price Performance

Byline Bancorp stock traded down $0.08 during mid-day trading on Tuesday, reaching $25.93. The stock had a trading volume of 213,636 shares, compared to its average volume of 154,457. The company has a 50-day moving average price of $25.72 and a two-hundred day moving average price of $28.14. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 9.39 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 analysts' consensus estimates of $0.62 by $0.03. The business 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%. On average, equities research analysts anticipate that Byline Bancorp, Inc. will post 2.6 earnings per share for the current fiscal year.

Byline Bancorp Announces Dividend

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 dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Tuesday, May 6th. Byline Bancorp's dividend payout ratio (DPR) is 14.81%.

Wall Street Analyst Weigh In

Several research firms have weighed in on BY. Hovde Group lifted their price target on shares of Byline Bancorp from $33.00 to $34.00 and gave the company an "outperform" rating in a research note on Monday, January 27th. Stephens increased their price target on Byline Bancorp from $33.00 to $34.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 29th.

Insider Buying and Selling

In other Byline Bancorp news, insider Thomas Abraham sold 6,658 shares of the firm'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 approximately $1,797,458.52. This trade represents a 9.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 30.06% of the stock is owned by corporate insiders.

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.