Byline Bancorp, Inc. (NYSE:BY) Shares Sold by Ararat Capital Management LP

Ararat Capital Management LP decreased its stake in Byline Bancorp, Inc. (NYSE:BY - Free Report) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 801,925 shares of the company's stock after selling 25,387 shares during the period. Byline Bancorp makes up 9.3% of Ararat Capital Management LP's portfolio, making the stock its 4th biggest position. Ararat Capital Management LP owned 1.81% of Byline Bancorp worth $23,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of BY. Invesco Ltd. raised its stake in shares of Byline Bancorp by 0.9% during the fourth quarter. Invesco Ltd. now owns 50,451 shares of the company's stock valued at $1,463,000 after purchasing an additional 439 shares during the period. Sterling Capital Management LLC increased its stake in Byline Bancorp by 5.9% during the 4th quarter. Sterling Capital Management LLC now owns 15,857 shares of the company's stock worth $460,000 after buying an additional 886 shares during the period. Tower Research Capital LLC TRC increased its stake in Byline Bancorp by 88.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,053 shares of the company's stock worth $60,000 after buying an additional 963 shares during the period. Bank of New York Mellon Corp lifted its holdings in Byline Bancorp by 0.6% in the 4th quarter. Bank of New York Mellon Corp now owns 166,809 shares of the company's stock worth $4,837,000 after buying an additional 973 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its position in Byline Bancorp by 5.8% in the 4th quarter. MetLife Investment Management LLC now owns 19,049 shares of the company's stock valued at $552,000 after buying an additional 1,038 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Transactions at Byline Bancorp

In related news, insider Thomas Abraham sold 6,658 shares of the firm's stock in a transaction that occurred 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 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 30.06% of the company's stock.

Byline Bancorp Price Performance

NYSE:BY traded down $0.39 during mid-day trading on Monday, reaching $26.04. The stock had a trading volume of 141,750 shares, compared to its average volume of 153,945. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 9.43 and a beta of 0.85. Byline Bancorp, Inc. has a 1-year low of $21.96 and a 1-year high of $32.89. The stock's 50 day simple moving average is $25.77 and its two-hundred day simple moving average is $28.14.

Byline Bancorp (NYSE:BY - Get Free Report) last issued its 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. The company had revenue of $103.08 million during the quarter, compared to analyst estimates of $100.82 million. Byline Bancorp had a return on equity of 11.61% and a net margin of 19.33%. Sell-side analysts anticipate that Byline Bancorp, Inc. will post 2.6 EPS for the current fiscal year.

Byline Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 6th will be issued 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 dividend yield of 1.54%. Byline Bancorp's dividend payout ratio (DPR) is 14.81%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Stephens lifted their target price on 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 price objective on Byline Bancorp from $33.00 to $34.00 and gave the stock an "outperform" rating in a report on Monday, January 27th.

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.