Park Avenue Securities LLC Makes New $401,000 Investment in Byline Bancorp, Inc. $BY

Key Points

• Park Avenue Securities LLC made a new investment of $401,000 in Byline Bancorp, purchasing 15,017 shares during the second quarter.
• Byline Bancorp's stock is currently trading down by 1.2%, with a market cap of $1.28 billion and a twelve-month trading range between $22.63 and $32.89.
• The company reported an earnings per share (EPS) of $0.75 for the last quarter, exceeding analysts' expectations, with an estimated annualized dividend yield of 1.4%.

Park Avenue Securities LLC bought a new position in Byline Bancorp, Inc. (NYSE:BY - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 15,017 shares of the company's stock, valued at approximately $401,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Farther Finance Advisors LLC purchased a new stake in Byline Bancorp in the second quarter worth $64,000. Wedge Capital Management L L P NC increased its stake in Byline Bancorp by 10.2% in the second quarter. Wedge Capital Management L L P NC now owns 33,382 shares of the company's stock worth $892,000 after purchasing an additional 3,090 shares during the period. Harbor Capital Advisors Inc. increased its stake in Byline Bancorp by 5.9% in the second quarter. Harbor Capital Advisors Inc. now owns 9,856 shares of the company's stock worth $263,000 after purchasing an additional 552 shares during the period. Jane Street Group LLC increased its stake in Byline Bancorp by 71.0% in the first quarter. Jane Street Group LLC now owns 152,478 shares of the company's stock worth $3,989,000 after purchasing an additional 63,317 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Byline Bancorp by 7.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,245 shares of the company's stock worth $1,995,000 after purchasing an additional 5,213 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Activity at Byline Bancorp

In other news, insider Dana Rose sold 1,999 shares of the firm's 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 in the company, valued at approximately $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 accessible through this link. Corporate insiders own 28.79% of the company's stock.

Byline Bancorp Stock Down 1.2%

BY stock opened at $28.00 on Tuesday. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 10.45 and a beta of 0.91. Byline Bancorp, Inc. has a twelve month low of $22.63 and a twelve month high of $32.89. The business's fifty day simple moving average is $27.87 and its two-hundred day simple moving average is $26.72.

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

Byline Bancorp Dividend Announcement

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

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.

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