XTX Topco Ltd Makes New $310,000 Investment in Byline Bancorp, Inc. (NYSE:BY)

Key Points

• XTX Topco Ltd has made a new investment in Byline Bancorp, purchasing 11,860 shares for approximately $310,000 during the first quarter.
• Byline Bancorp recently announced a quarterly dividend of $0.10 per share, yielding about 1.6%, with the payment set for August 19th.
• The company's stock price opened at $25.77 with a 1-year high of $32.89 and a recent earnings report showing $0.75 EPS, exceeding estimates.

XTX Topco Ltd purchased a new position in shares of Byline Bancorp, Inc. (NYSE:BY - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,860 shares of the company's stock, valued at approximately $310,000.

A number of other large investors have also modified their holdings of BY. Invesco Ltd. boosted its position in Byline Bancorp by 0.9% in the fourth quarter. Invesco Ltd. now owns 50,451 shares of the company's stock valued at $1,463,000 after buying an additional 439 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Byline Bancorp by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,721 shares of the company's stock worth $514,000 after purchasing an additional 620 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Byline Bancorp by 3.4% during the 1st quarter. Principal Financial Group Inc. now owns 22,758 shares of the company's stock worth $595,000 after buying an additional 740 shares during the period. Sterling Capital Management LLC raised its stake in shares of Byline Bancorp by 5.9% during the 4th quarter. Sterling Capital Management LLC now owns 15,857 shares of the company's stock worth $460,000 after buying an additional 886 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in Byline Bancorp by 88.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,053 shares of the company's stock valued at $60,000 after purchasing an additional 963 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Buying and Selling at Byline Bancorp

In other Byline Bancorp news, EVP Megan Biggam sold 8,576 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $26.75, for a total transaction of $229,408.00. Following the completion of the sale, the executive vice president owned 17,630 shares of the company's stock, valued at approximately $471,602.50. The trade was a 32.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Phillip R. Cabrera bought 2,360 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was bought at an average cost of $24.75 per share, with a total value 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 disclosure for this purchase can be found here. Corporate insiders own 28.79% of the company's stock.

Byline Bancorp Price Performance

Byline Bancorp stock opened at $25.77 on Monday. Byline Bancorp, Inc. has a 1-year low of $22.63 and a 1-year high of $32.89. The company has a market cap of $1.18 billion, a PE ratio of 9.61 and a beta of 0.86. The stock's 50 day moving average price is $26.67 and its 200 day moving average price is $26.79.

Byline Bancorp (NYSE:BY - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.08. The firm had revenue of $110.45 million during the quarter, compared to analysts' expectations of $106.95 million. Byline Bancorp had a return on equity of 10.98% and a net margin of 19.03%. On average, equities research analysts anticipate that Byline Bancorp, Inc. will post 2.6 EPS for the current fiscal year.

Byline Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 19th. Investors of record on Tuesday, August 5th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, August 5th. Byline Bancorp's dividend payout ratio is presently 14.93%.

Analyst Ratings Changes

Separately, Hovde Group set a $32.00 price target on Byline Bancorp in a report 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.

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