Dimensional Fund Advisors LP Raises Stock Holdings in Byline Bancorp, Inc. (NYSE:BY)

Dimensional Fund Advisors LP increased its stake in shares of Byline Bancorp, Inc. (NYSE:BY - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,129,208 shares of the company's stock after buying an additional 94,849 shares during the quarter. Dimensional Fund Advisors LP owned about 4.80% of Byline Bancorp worth $61,747,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Invesco Ltd. grew its stake in Byline Bancorp by 0.9% during the 4th quarter. Invesco Ltd. now owns 50,451 shares of the company's stock valued at $1,463,000 after acquiring an additional 439 shares in the last quarter. Sterling Capital Management LLC grew its stake in Byline Bancorp by 5.9% in the 4th quarter. Sterling Capital Management LLC now owns 15,857 shares of the company's stock valued at $460,000 after buying an additional 886 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Byline Bancorp by 0.6% during the 4th quarter. Bank of New York Mellon Corp now owns 166,809 shares of the company's stock valued at $4,837,000 after purchasing an additional 973 shares during the period. Princeton Capital Management LLC increased its position in Byline Bancorp by 12.0% during the fourth quarter. Princeton Capital Management LLC now owns 11,200 shares of the company's stock worth $325,000 after acquiring an additional 1,200 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Byline Bancorp by 5.1% in the fourth quarter. Legal & General Group Plc now owns 29,008 shares of the company's stock valued at $841,000 after buying an additional 1,420 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.

Byline Bancorp Price Performance

NYSE BY traded up $0.06 on Wednesday, reaching $25.97. The stock had a trading volume of 151,801 shares, compared to its average volume of 154,687. Byline Bancorp, Inc. has a 1-year low of $21.96 and a 1-year high of $32.89. The company has a market cap of $1.20 billion, a P/E ratio of 9.41 and a beta of 0.85. The firm has a fifty day moving average of $25.67 and a two-hundred day moving average of $28.12.

Byline Bancorp (NYSE:BY - Get Free Report) last posted its quarterly 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 for the quarter, compared to analyst estimates of $100.82 million. Byline Bancorp had a net margin of 19.33% and a return on equity of 11.61%. Research analysts predict that Byline Bancorp, Inc. will post 2.6 EPS for the current fiscal year.

Byline Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.54%. Byline Bancorp's dividend payout ratio (DPR) is 14.81%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, insider Thomas Abraham sold 6,658 shares of the business'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 transaction, the insider now directly owns 62,282 shares in the company, valued at approximately $1,797,458.52. The trade was a 9.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 30.06% of the company's stock.

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.