Northern Trust Corp Purchases 18,236 Shares of Byline Bancorp, Inc. (NYSE:BY)

Northern Trust Corp boosted its stake in shares of Byline Bancorp, Inc. (NYSE:BY - Free Report) by 7.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 273,390 shares of the company's stock after buying an additional 18,236 shares during the quarter. Northern Trust Corp owned 0.62% of Byline Bancorp worth $7,928,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Intech Investment Management LLC purchased a new stake in shares of Byline Bancorp in the fourth quarter valued at about $444,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Byline Bancorp by 15.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,536 shares of the company's stock valued at $2,510,000 after purchasing an additional 11,280 shares in the last quarter. Rosenthal Henry Capital Advisors Inc. purchased a new stake in shares of Byline Bancorp in the fourth quarter valued at about $1,012,000. Principal Financial Group Inc. lifted its holdings in shares of Byline Bancorp by 9.2% in the fourth quarter. Principal Financial Group Inc. now owns 22,018 shares of the company's stock valued at $639,000 after purchasing an additional 1,854 shares in the last quarter. Finally, Next Century Growth Investors LLC purchased a new position in shares of Byline Bancorp during the fourth quarter valued at approximately $9,599,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BY shares. Stephens increased their price target on shares of Byline Bancorp from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 29th. Hovde Group set a $32.00 price objective on shares of Byline Bancorp in a research report on Monday, May 19th.

Byline Bancorp Stock Performance

Shares of NYSE:BY traded down $0.22 during trading on Friday, reaching $25.90. The company had a trading volume of 127,244 shares, compared to its average volume of 155,603. Byline Bancorp, Inc. has a twelve month low of $21.96 and a twelve month high of $32.89. The firm has a market capitalization of $1.20 billion, a PE ratio of 9.38 and a beta of 0.85. The firm's fifty day moving average is $25.65 and its 200 day moving average is $28.11.

Byline Bancorp (NYSE:BY - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate 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 19.33% and a return on equity of 11.61%. Equities analysts predict that Byline Bancorp, Inc. will post 2.6 earnings per share for the current fiscal year.

Byline Bancorp Dividend Announcement

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

Insider Buying and Selling at Byline Bancorp

In related news, insider Thomas Abraham sold 6,658 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $28.86, for a total transaction of $192,149.88. Following the completion of the sale, the insider now owns 62,282 shares in the company, valued at $1,797,458.52. This trade represents a 9.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 30.06% of the company's stock.

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.