Denali Advisors LLC Buys New Holdings in Byline Bancorp, Inc. (NYSE:BY)

Denali Advisors LLC purchased a new position in shares of Byline Bancorp, Inc. (NYSE:BY - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 34,819 shares of the company's stock, valued at approximately $911,000. Denali Advisors LLC owned about 0.08% of Byline Bancorp at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in Byline Bancorp by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,129,208 shares of the company's stock valued at $61,747,000 after buying an additional 94,849 shares during the last quarter. American Century Companies Inc. boosted its position in Byline Bancorp by 7.7% during the 4th quarter. American Century Companies Inc. now owns 634,446 shares of the company's stock valued at $18,399,000 after acquiring an additional 45,228 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Byline Bancorp by 2.5% in the 4th quarter. Federated Hermes Inc. now owns 522,934 shares of the company's stock worth $15,165,000 after purchasing an additional 12,913 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in Byline Bancorp by 1.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 522,749 shares of the company's stock worth $15,160,000 after acquiring an additional 8,542 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in Byline Bancorp by 16.6% in the 4th quarter. Wellington Management Group LLP now owns 478,359 shares of the company's stock worth $13,872,000 after acquiring an additional 68,000 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Byline Bancorp news, EVP Megan Biggam sold 3,611 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $26.75, for a total value of $96,594.25. Following the completion of the sale, the executive vice president directly owned 17,630 shares of the company's stock, valued at $471,602.50. This represents a 17.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Phillip R. Cabrera bought 2,360 shares of Byline Bancorp stock in a transaction dated Wednesday, June 11th. The stock was acquired at an average cost of $24.75 per share, for a total transaction of $58,410.00. Following the purchase, the director directly owned 3,960 shares in the company, valued at approximately $98,010. The trade was a 147.50% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 28.79% of the company's stock.

Byline Bancorp Stock Down 0.9%

Shares of NYSE BY traded down $0.25 during trading on Wednesday, hitting $27.66. 35,576 shares of the company traded hands, compared to its average volume of 171,582. Byline Bancorp, Inc. has a 1 year low of $22.63 and a 1 year high of $32.89. The company has a 50-day moving average price of $26.68 and a 200-day moving average price of $26.93. The firm has a market capitalization of $1.28 billion, a P/E ratio of 10.26 and a beta of 0.84.

Byline Bancorp (NYSE:BY - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.03. The firm had revenue of $103.08 million for the quarter, compared to analyst estimates of $100.82 million. Byline Bancorp had a net margin of 19.10% and a return on equity of 11.00%. Research analysts predict that Byline Bancorp, Inc. will post 2.6 EPS for the current fiscal year.

Byline Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 6th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Tuesday, May 6th. Byline Bancorp's dividend payout ratio (DPR) is 14.81%.

Analyst Upgrades and Downgrades

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

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.