Mendon Capital Advisors Corp Has $3.63 Million Position in Byline Bancorp, Inc. (NYSE:BY)

Mendon Capital Advisors Corp lowered its holdings in Byline Bancorp, Inc. (NYSE:BY - Free Report) by 17.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 125,000 shares of the company's stock after selling 26,405 shares during the quarter. Byline Bancorp comprises 1.8% of Mendon Capital Advisors Corp's investment portfolio, making the stock its 19th biggest holding. Mendon Capital Advisors Corp owned about 0.28% of Byline Bancorp worth $3,625,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC increased its holdings in shares of 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 during the period. Parkside Financial Bank & Trust purchased a new position in shares of Byline Bancorp during the fourth quarter worth about $63,000. KLP Kapitalforvaltning AS purchased a new stake in Byline Bancorp during the 4th quarter valued at approximately $148,000. Oceanside Advisors LLC purchased a new position in Byline Bancorp in the 4th quarter valued at $206,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Byline Bancorp in the third quarter valued at about $221,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Byline Bancorp Stock Performance

BY traded down $0.11 on Friday, reaching $25.55. 189,830 shares of the company's stock were exchanged, compared to its average volume of 153,528. Byline Bancorp, Inc. has a twelve month low of $21.60 and a twelve month high of $32.89. The company's 50 day moving average is $26.13 and its 200-day moving average is $28.13. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 9.26 and a beta of 0.90.

Byline Bancorp (NYSE:BY - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.65 earnings per share (EPS) for the quarter, beating 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 company had revenue of $103.08 million during the quarter, compared to the consensus estimate of $100.82 million. Sell-side analysts forecast that Byline Bancorp, Inc. will post 2.6 EPS for the current year.

Byline Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Tuesday, May 6th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.57%. The ex-dividend date is Tuesday, May 6th. 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 company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $28.86, for a total transaction of $192,149.88. Following the completion of the transaction, the insider now owns 62,282 shares in the company, valued at approximately $1,797,458.52. This represents a 9.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 30.06% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

BY has been the subject of a number of recent analyst reports. Stephens raised their target price on Byline Bancorp from $33.00 to $34.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. Hovde Group increased 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.

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.