Two Sigma Advisers LP Sells 10,300 Shares of Byline Bancorp, Inc. (NYSE:BY)

Two Sigma Advisers LP cut its stake in shares of Byline Bancorp, Inc. (NYSE:BY - Free Report) by 22.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,700 shares of the company's stock after selling 10,300 shares during the quarter. Two Sigma Advisers LP owned about 0.08% of Byline Bancorp worth $1,006,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in Byline Bancorp by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,129,208 shares of the company's stock worth $61,747,000 after buying an additional 94,849 shares in the last quarter. Boston Partners increased its holdings in Byline Bancorp by 818.2% in 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. increased its holdings in 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 buying an additional 45,228 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of Byline Bancorp by 2.5% during the 4th quarter. Federated Hermes Inc. now owns 522,934 shares of the company's stock valued at $15,165,000 after purchasing an additional 12,913 shares during the period. Finally, Bridgeway Capital Management LLC increased its position in shares of Byline Bancorp by 1.7% during the 4th quarter. Bridgeway Capital Management LLC now owns 522,749 shares of the company's stock valued at $15,160,000 after purchasing an additional 8,542 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Byline Bancorp Stock Performance

Shares of NYSE BY traded down $0.20 during midday trading on Thursday, hitting $25.61. 117,503 shares of the company's stock traded hands, compared to its average volume of 155,608. Byline Bancorp, Inc. has a 1 year low of $21.96 and a 1 year high of $32.89. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 9.28 and a beta of 0.85. The firm has a fifty day moving average of $25.52 and a 200 day moving average of $27.79.

Byline Bancorp (NYSE:BY - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.62 by $0.03. The firm had revenue of $103.08 million during 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%. On average, equities analysts anticipate that Byline Bancorp, Inc. will post 2.6 earnings per share for the current year.

Byline Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Tuesday, May 6th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, May 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.56%. Byline Bancorp's dividend payout ratio (DPR) is presently 14.81%.

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.