Dynamic Technology Lab Private Ltd Makes New $417,000 Investment in Byline Bancorp, Inc. $BY

Key Points

• Dynamic Technology Lab Private Ltd invested approximately $417,000 in Byline Bancorp, acquiring 15,950 shares in the 1st quarter, indicating growing institutional interest in the bank.
• Byline Bancorp reported a quarterly earnings per share (EPS) of $0.75, exceeding analysts’ expectations of $0.67, with revenues reaching $110.45 million.
• The company recently declared a quarterly dividend of $0.10, reflecting a 1.4% dividend yield, and its dividend payout ratio stands at 14.93%.

Dynamic Technology Lab Private Ltd purchased a new position in shares of Byline Bancorp, Inc. (NYSE:BY - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,950 shares of the company's stock, valued at approximately $417,000.

Several other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Byline Bancorp by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,721 shares of the company's stock worth $514,000 after acquiring an additional 620 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Byline Bancorp by 3.4% in the 1st quarter. Principal Financial Group Inc. now owns 22,758 shares of the company's stock valued at $595,000 after buying an additional 740 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Byline Bancorp by 1.0% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 118,978 shares of the company's stock valued at $3,450,000 after buying an additional 1,198 shares in the last quarter. GAMMA Investing LLC lifted its stake in Byline Bancorp by 1,726.4% in the 1st quarter. GAMMA Investing LLC now owns 1,936 shares of the company's stock valued at $51,000 after buying an additional 1,830 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Byline Bancorp by 20.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,359 shares of the company's stock valued at $359,000 after buying an additional 2,064 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Buying and Selling at Byline Bancorp

In other Byline Bancorp news, insider Dana Rose sold 1,999 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $28.76, for a total transaction of $57,491.24. Following the transaction, the insider owned 10,192 shares of the company's stock, valued at $293,121.92. This represents a 16.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 28.79% of the stock is currently owned by corporate insiders.

Byline Bancorp Stock Performance

BY stock traded up $0.42 on Wednesday, reaching $28.72. The company had a trading volume of 15,748 shares, compared to its average volume of 188,505. Byline Bancorp, Inc. has a 1 year low of $22.63 and a 1 year high of $32.89. The company's fifty day moving average is $27.79 and its 200 day moving average is $26.63. The company has a market cap of $1.32 billion, a P/E ratio of 10.71 and a beta of 0.91.

Byline Bancorp (NYSE:BY - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.08. Byline Bancorp had a return on equity of 10.98% and a net margin of 19.03%.The firm had revenue of $110.45 million for the quarter, compared to analyst estimates of $106.95 million. On average, sell-side analysts predict that Byline Bancorp, Inc. will post 2.6 earnings per share for the current year.

Byline Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 5th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, August 5th. Byline Bancorp's dividend payout ratio is currently 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.