Ararat Capital Management LP Reduces Holdings in Byline Bancorp, Inc. (NYSE:BY)

Ararat Capital Management LP cut its holdings 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 & Exchange Commission. The fund 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 largest position. Ararat Capital Management LP owned 1.81% of Byline Bancorp worth $23,256,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Barclays PLC increased its stake in shares of Byline Bancorp by 48.3% in the third quarter. Barclays PLC now owns 58,874 shares of the company's stock worth $1,577,000 after buying an additional 19,187 shares during the period. Principal Financial Group Inc. lifted its holdings in Byline Bancorp by 21.4% in the 3rd quarter. Principal Financial Group Inc. now owns 20,164 shares of the company's stock worth $540,000 after buying an additional 3,550 shares during the period. JPMorgan Chase & Co. increased its position in Byline Bancorp by 71.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 557,242 shares of the company's stock valued at $14,917,000 after purchasing an additional 232,530 shares during the period. SG Americas Securities LLC raised its stake in Byline Bancorp by 39.9% in the fourth quarter. SG Americas Securities LLC now owns 13,767 shares of the company's stock worth $399,000 after buying an additional 3,926 shares in the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. bought a new stake in shares of Byline Bancorp during the fourth quarter valued at approximately $1,012,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BY has been the topic of a number of research reports. Hovde Group boosted their target price on shares of Byline Bancorp from $33.00 to $34.00 and gave the company an "outperform" rating in a report on Monday, January 27th. 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.

Byline Bancorp Stock Performance

Shares of BY traded up $0.59 during trading hours on Thursday, hitting $26.54. The company had a trading volume of 34,999 shares, compared to its average volume of 154,213. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 9.62 and a beta of 0.85. The firm has a fifty day moving average price of $25.67 and a 200-day moving average price of $28.12. Byline Bancorp, Inc. has a 52-week low of $21.96 and a 52-week high of $32.89.

Byline Bancorp (NYSE:BY - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 19.33% and a return on equity of 11.61%. Research analysts anticipate that Byline Bancorp, Inc. will post 2.6 earnings per share for the current fiscal year.

Byline Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Tuesday, May 6th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, May 6th. This represents a $0.40 annualized dividend and a dividend yield of 1.51%. Byline Bancorp's dividend payout ratio (DPR) is presently 14.81%.

Insider Buying and Selling

In other news, insider Thomas Abraham sold 6,658 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $28.86, for a total value of $192,149.88. Following the transaction, the insider now owns 62,282 shares in the company, valued at $1,797,458.52. This represents a 9.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.