Curi RMB Capital LLC Sells 26,405 Shares of Byline Bancorp, Inc. (NYSE:BY)

Curi RMB Capital LLC lowered its holdings in Byline Bancorp, Inc. (NYSE:BY - Free Report) by 17.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,172 shares of the company's stock after selling 26,405 shares during the period. Curi RMB Capital LLC owned approximately 0.29% of Byline Bancorp worth $3,717,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Parkside Financial Bank & Trust acquired a new stake in Byline Bancorp during the fourth quarter valued at $63,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Byline Bancorp during the 4th quarter valued at about $148,000. Oceanside Advisors LLC bought a new stake in shares of Byline Bancorp in the 4th quarter valued at approximately $206,000. HighTower Advisors LLC acquired a new position in Byline Bancorp in the third quarter worth approximately $221,000. Finally, Marshall Wace LLP bought a new position in Byline Bancorp during the fourth quarter valued at approximately $299,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Buying and Selling at Byline Bancorp

In other news, insider Thomas Abraham sold 6,658 shares of Byline Bancorp stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $28.86, for a total transaction 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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 30.06% of the company's stock.

Byline Bancorp Price Performance

Shares of NYSE BY traded up $0.31 during trading hours on Friday, hitting $25.97. 71,006 shares of the company's stock were exchanged, compared to its average volume of 152,571. The company's 50-day moving average price is $26.22 and its 200-day moving average price is $28.11. Byline Bancorp, Inc. has a 1-year low of $20.93 and a 1-year high of $32.89. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 9.41 and a beta of 0.90.

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 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%. On average, research analysts expect that Byline Bancorp, Inc. will post 2.6 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.