Byline Bancorp, Inc. (NYSE:BY) Shares Bought by New York State Common Retirement Fund

Key Points

• The New York State Common Retirement Fund increased its stake in Byline Bancorp by 98.1% during the 1st quarter, owning a total of 21,809 shares, valued at $571,000, as per its latest SEC filing.
• Byline Bancorp reported earnings per share of $0.75 for the last quarter, exceeding the consensus estimate by $0.08, with revenue reaching $110.45 million.
• The company announced a quarterly dividend of $0.10 per share, yielding 1.48%, with the payment date set for August 19th.

New York State Common Retirement Fund lifted its holdings in Byline Bancorp, Inc. (NYSE:BY - Free Report) by 98.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,809 shares of the company's stock after purchasing an additional 10,800 shares during the period. New York State Common Retirement Fund's holdings in Byline Bancorp were worth $571,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BY. Invesco Ltd. boosted its holdings in Byline Bancorp by 0.9% in the 4th quarter. Invesco Ltd. now owns 50,451 shares of the company's stock worth $1,463,000 after buying an additional 439 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Byline Bancorp by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,721 shares of the company's stock worth $514,000 after buying an additional 620 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Byline Bancorp by 3.4% in the 1st quarter. Principal Financial Group Inc. now owns 22,758 shares of the company's stock worth $595,000 after buying an additional 740 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 886 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of 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 purchasing an additional 963 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Wall Street Analyst Weigh In

Separately, Hovde Group set a $32.00 target price on Byline Bancorp in a report on Monday, May 19th.

Insider Activity at Byline Bancorp

In other Byline Bancorp news, Director Phillip R. Cabrera acquired 2,360 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was bought at an average cost of $24.75 per share, for a total transaction of $58,410.00. Following the completion of the transaction, the director owned 3,960 shares of the company's stock, valued at approximately $98,010. The trade was a 147.50% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Megan Biggam sold 8,576 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $26.75, for a total value of $229,408.00. Following the completion of the transaction, the executive vice president owned 17,630 shares of the company's stock, valued at $471,602.50. The trade was a 32.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 28.79% of the company's stock.

Byline Bancorp Stock Up 0.4%

Shares of Byline Bancorp stock traded up $0.12 on Tuesday, hitting $27.49. 16,512 shares of the company were exchanged, compared to its average volume of 188,774. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 10.26 and a beta of 0.84. The company has a 50-day moving average price of $26.69 and a 200 day moving average price of $26.92. Byline Bancorp, Inc. has a 1-year low of $22.63 and a 1-year high of $32.89.

Byline Bancorp (NYSE:BY - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.08. Byline Bancorp had a return on equity of 11.19% and a net margin of 19.03%. The business had revenue of $110.45 million for the quarter, compared to analysts' expectations of $106.95 million. Research analysts forecast that Byline Bancorp, Inc. will post 2.6 EPS for the current year.

Byline Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 19th. Investors of record on Tuesday, August 5th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, August 5th. This represents a $0.40 annualized dividend and a yield of 1.46%. Byline Bancorp's payout ratio is 14.93%.

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.