Wellington Management Group LLP Purchases 68,000 Shares of Byline Bancorp, Inc. (NYSE:BY)

Wellington Management Group LLP raised its position in Byline Bancorp, Inc. (NYSE:BY - Free Report) by 16.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 478,359 shares of the company's stock after buying an additional 68,000 shares during the period. Wellington Management Group LLP owned 1.07% of Byline Bancorp worth $13,872,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC grew its position in shares of Byline Bancorp by 39.9% during the 4th quarter. SG Americas Securities LLC now owns 13,767 shares of the company's stock valued at $399,000 after acquiring an additional 3,926 shares during the period. Rosenthal Henry Capital Advisors Inc. bought a new position in Byline Bancorp during the fourth quarter valued at $1,012,000. Empowered Funds LLC increased its position in Byline Bancorp by 5.1% in the fourth quarter. Empowered Funds LLC now owns 163,149 shares of the company's stock worth $4,731,000 after buying an additional 7,942 shares during the last quarter. Oceanside Advisors LLC bought a new stake in shares of Byline Bancorp in the fourth quarter valued at $206,000. Finally, Principal Financial Group Inc. lifted its position in shares of Byline Bancorp by 9.2% during the 4th quarter. Principal Financial Group Inc. now owns 22,018 shares of the company's stock valued at $639,000 after buying an additional 1,854 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Wall Street Analyst Weigh In

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

Byline Bancorp Stock Up 1.4%

Byline Bancorp stock traded up $0.36 during trading hours on Tuesday, hitting $26.06. The stock had a trading volume of 125,187 shares, compared to its average volume of 155,081. The stock has a market capitalization of $1.20 billion, a P/E ratio of 9.44 and a beta of 0.85. Byline Bancorp, Inc. has a 12-month low of $21.96 and a 12-month high of $32.89. The stock's 50-day moving average price is $25.56 and its 200-day moving average price is $27.86.

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, beating analysts' consensus estimates of $0.62 by $0.03. The business had revenue of $103.08 million during the quarter, compared to the consensus estimate of $100.82 million. Byline Bancorp had a return on equity of 11.61% and a net margin of 19.33%. On average, research analysts expect that Byline Bancorp, Inc. will post 2.6 EPS for the current fiscal year.

Byline Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 6th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Tuesday, May 6th. Byline Bancorp's dividend payout ratio (DPR) is presently 14.81%.

About Byline Bancorp

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.