Teacher Retirement System of Texas Sells 21,984 Shares of Byline Bancorp, Inc. (NYSE:BY)

Teacher Retirement System of Texas trimmed its position in Byline Bancorp, Inc. (NYSE:BY - Free Report) by 58.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 15,451 shares of the company's stock after selling 21,984 shares during the period. Teacher Retirement System of Texas' holdings in Byline Bancorp were worth $404,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of BY. Dimensional Fund Advisors LP grew its stake in shares of Byline Bancorp by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,129,208 shares of the company's stock valued at $61,747,000 after buying an additional 94,849 shares during the period. Boston Partners lifted its position in shares of 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 buying an additional 643,628 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Byline Bancorp by 7.7% in the 4th quarter. American Century Companies Inc. now owns 634,446 shares of the company's stock worth $18,399,000 after purchasing an additional 45,228 shares during the period. Federated Hermes Inc. raised its holdings in shares of Byline Bancorp by 2.5% in the 4th quarter. Federated Hermes Inc. now owns 522,934 shares of the company's stock worth $15,165,000 after purchasing an additional 12,913 shares during the period. Finally, Bridgeway Capital Management LLC raised its holdings in shares of Byline Bancorp by 1.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 522,749 shares of the company's stock worth $15,160,000 after purchasing an additional 8,542 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Insider Transactions at Byline Bancorp

In other news, Director Phillip R. Cabrera acquired 2,360 shares of the firm's stock in a transaction dated Wednesday, June 11th. The shares were purchased at an average cost of $24.75 per share, for a total transaction of $58,410.00. Following the transaction, the director directly owned 3,960 shares of the company's stock, valued at approximately $98,010. This trade represents a 147.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Megan Biggam sold 3,611 shares of the firm's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $26.75, for a total transaction of $96,594.25. Following the sale, the executive vice president owned 17,630 shares in the company, valued at $471,602.50. The trade was a 17.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. 28.79% of the stock is currently owned by corporate insiders.

Byline Bancorp Stock Up 1.0%

Byline Bancorp stock opened at $28.02 on Friday. The company has a market capitalization of $1.29 billion, a PE ratio of 10.38 and a beta of 0.84. The firm has a fifty day simple moving average of $26.62 and a two-hundred day simple moving average of $26.98. Byline Bancorp, Inc. has a twelve month low of $22.63 and a twelve month high of $32.89.

Byline Bancorp (NYSE:BY - Get Free Report) last released its quarterly 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 19.10% and a return on equity of 11.00%. The company had revenue of $103.08 million during the quarter, compared to the consensus estimate of $100.82 million. As a group, equities analysts expect that Byline Bancorp, Inc. will post 2.6 earnings per share for the current fiscal year.

Byline Bancorp Announces Dividend

The firm also recently disclosed 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 1.43%. The ex-dividend date of this dividend was Tuesday, May 6th. Byline Bancorp's dividend payout ratio (DPR) is presently 14.81%.

Analyst Ratings Changes

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

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.

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