Arrowstreet Capital Limited Partnership Sells 135,788 Shares of Byline Bancorp, Inc. (NYSE:BY)

Arrowstreet Capital Limited Partnership decreased its holdings in shares of Byline Bancorp, Inc. (NYSE:BY - Free Report) by 52.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 123,393 shares of the company's stock after selling 135,788 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.28% of Byline Bancorp worth $3,578,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of BY. Parkside Financial Bank & Trust acquired a new position in Byline Bancorp during the 4th quarter valued at about $63,000. KLP Kapitalforvaltning AS acquired a new position in shares of Byline Bancorp during the fourth quarter worth approximately $148,000. Point72 Asset Management L.P. grew its holdings in Byline Bancorp by 481.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 6,462 shares of the company's stock worth $173,000 after buying an additional 5,350 shares in the last quarter. Oceanside Advisors LLC acquired a new stake in Byline Bancorp in the 4th quarter valued at approximately $206,000. Finally, HighTower Advisors LLC acquired a new position in Byline Bancorp during the 3rd quarter worth $221,000. Institutional investors own 67.73% of the company's stock.

Byline Bancorp Trading Up 1.3 %

Shares of BY traded up $0.30 during midday trading on Monday, hitting $23.55. The stock had a trading volume of 14,747 shares, compared to its average volume of 149,560. The business has a 50-day simple moving average of $27.17 and a two-hundred day simple moving average of $28.24. The firm has a market cap of $1.05 billion, a P/E ratio of 8.50 and a beta of 0.90. Byline Bancorp, Inc. has a fifty-two week low of $19.82 and a fifty-two week high of $32.89.

Byline Bancorp (NYSE:BY - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $0.69 earnings per share 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, analysts expect that Byline Bancorp, Inc. will post 2.6 earnings per share for the current fiscal year.

Byline Bancorp Increases Dividend

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

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 transaction, the insider now directly owns 62,282 shares in the company, valued at $1,797,458.52. The trade was a 9.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 30.06% of the company's stock.

Analysts Set New Price Targets

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

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.