Deutsche Bank AG Increases Stock Holdings in Byline Bancorp, Inc. (NYSE:BY)

Deutsche Bank AG boosted its stake in shares of Byline Bancorp, Inc. (NYSE:BY - Free Report) by 54.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,086 shares of the company's stock after purchasing an additional 9,528 shares during the period. Deutsche Bank AG owned approximately 0.06% of Byline Bancorp worth $785,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BY. Boston Partners grew its position in Byline Bancorp by 818.2% during the 4th quarter. Boston Partners now owns 722,295 shares of the company's stock worth $20,839,000 after purchasing an additional 643,628 shares during the last quarter. Next Century Growth Investors LLC acquired a new stake in Byline Bancorp during the 4th quarter valued at approximately $9,599,000. First Trust Advisors LP acquired a new stake in Byline Bancorp during the 4th quarter valued at approximately $3,609,000. Dimensional Fund Advisors LP lifted its stake in Byline Bancorp by 4.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,129,208 shares of the company's stock valued at $61,747,000 after acquiring an additional 94,849 shares during the period. Finally, Wellington Management Group LLP lifted its stake in Byline Bancorp by 16.6% during the 4th quarter. Wellington Management Group LLP now owns 478,359 shares of the company's stock valued at $13,872,000 after acquiring an additional 68,000 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

Byline Bancorp Trading Down 0.7%

NYSE:BY traded down $0.19 during trading hours on Friday, reaching $25.89. 109,241 shares of the company were exchanged, compared to its average volume of 155,518. Byline Bancorp, Inc. has a twelve month low of $21.96 and a twelve month high of $32.89. The firm has a market cap of $1.19 billion, a PE ratio of 9.38 and a beta of 0.85. The stock's 50-day moving average is $25.58 and its 200-day moving average is $27.95.

Byline Bancorp (NYSE:BY - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.03. Byline Bancorp had a net margin of 19.33% and a return on equity of 11.61%. The business had revenue of $103.08 million during the quarter, compared to analyst estimates of $100.82 million. As a group, research analysts anticipate that Byline Bancorp, Inc. will post 2.6 EPS for the current year.

Byline Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Tuesday, May 6th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Tuesday, May 6th. Byline Bancorp's dividend payout ratio is currently 14.81%.

Analysts Set New Price Targets

Separately, Hovde Group set a $32.00 target price on shares of Byline Bancorp in a research note on Monday, May 19th.

Byline Bancorp Company 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.