UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2.06 Million Stock Position in Byline Bancorp, Inc. (NYSE:BY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Byline Bancorp, Inc. (NYSE:BY - Free Report) by 25.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 71,032 shares of the company's stock after buying an additional 14,307 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.16% of Byline Bancorp worth $2,060,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of BY. Tower Research Capital LLC TRC increased its stake in Byline Bancorp by 88.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,053 shares of the company's stock valued at $60,000 after acquiring an additional 963 shares during the period. Parkside Financial Bank & Trust acquired a new stake in Byline Bancorp during the fourth quarter valued at approximately $63,000. KLP Kapitalforvaltning AS bought a new stake in shares of Byline Bancorp in the 4th quarter valued at approximately $148,000. Oceanside Advisors LLC bought a new stake in shares of Byline Bancorp in the 4th quarter valued at approximately $206,000. Finally, ProShare Advisors LLC acquired a new position in shares of Byline Bancorp in the 4th quarter worth approximately $254,000. Institutional investors own 67.73% of the company's stock.

Byline Bancorp Price Performance

Shares of NYSE BY traded up $0.25 during mid-day trading on Monday, hitting $26.57. The company's stock had a trading volume of 155,943 shares, compared to its average volume of 155,972. The company's fifty day simple moving average is $25.52 and its 200-day simple moving average is $27.72. Byline Bancorp, Inc. has a one year low of $21.96 and a one year high of $32.89. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 9.63 and a beta of 0.85.

Byline Bancorp (NYSE:BY - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.03. The company had revenue of $103.08 million during the quarter, compared to analyst estimates of $100.82 million. Byline Bancorp had a return on equity of 11.61% and a net margin of 19.33%. On average, sell-side analysts predict that Byline Bancorp, Inc. will post 2.6 EPS for the current year.

Byline Bancorp Announces Dividend

The firm 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. This represents a $0.40 annualized dividend and a yield of 1.51%. The ex-dividend date was Tuesday, May 6th. Byline Bancorp's payout ratio is presently 14.81%.

Analyst Upgrades and Downgrades

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

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.