Empowered Funds LLC Sells 16,101 Shares of Byline Bancorp, Inc. $BY

Key Points

• Empowered Funds LLC has reduced its holdings in Byline Bancorp by 9.9%, selling 16,101 shares and now owning 147,048 shares valued at approximately $3.85 million.
• Other institutional investors, including MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. and Harbor Capital Advisors Inc., have also adjusted their stakes, with Harbor increasing its position by 44.7%.
• Byline Bancorp reported $0.75 earnings per share for its latest quarter, exceeding analysts' expectations, and has declared a quarterly dividend yielding 1.4%.

Empowered Funds LLC trimmed its holdings in shares of Byline Bancorp, Inc. (NYSE:BY - Free Report) by 9.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 147,048 shares of the company's stock after selling 16,101 shares during the period. Empowered Funds LLC owned about 0.32% of Byline Bancorp worth $3,847,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of 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 purchasing an additional 1,830 shares during the period. ProShare Advisors LLC bought a new position in Byline Bancorp in the 4th quarter valued at about $254,000. Harbor Capital Advisors Inc. raised its holdings in Byline Bancorp by 44.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 9,304 shares of the company's stock valued at $243,000 after acquiring an additional 2,874 shares during the period. XTX Topco Ltd bought a new position in Byline Bancorp in the 1st quarter valued at about $310,000. Finally, Point72 Asset Management L.P. increased its holdings in shares of Byline Bancorp by 126.7% during the fourth quarter. Point72 Asset Management L.P. now owns 14,647 shares of the company's stock worth $425,000 after purchasing an additional 8,185 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Byline Bancorp Stock Up 2.1%

Shares of BY traded up $0.60 during mid-day trading on Thursday, hitting $28.95. 40,740 shares of the company's stock were exchanged, compared to its average volume of 189,143. Byline Bancorp, Inc. has a 52 week low of $22.63 and a 52 week high of $32.89. The stock's 50-day simple moving average is $27.79 and its 200-day simple moving average is $26.64. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 10.80 and a beta of 0.91.

Byline Bancorp (NYSE:BY - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.67 by $0.08. The company had revenue of $110.45 million for the quarter, compared to analysts' expectations of $106.95 million. Byline Bancorp had a net margin of 19.03% and a return on equity of 10.98%. Analysts forecast that Byline Bancorp, Inc. will post 2.6 earnings per share for the current fiscal year.

Byline Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 5th were given a $0.10 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. Byline Bancorp's dividend payout ratio (DPR) is currently 14.93%.

Insiders Place Their Bets

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

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.