Byline Bancorp, Inc. (NYSE:BY) Holdings Boosted by Jane Street Group LLC

Jane Street Group LLC increased its holdings in Byline Bancorp, Inc. (NYSE:BY - Free Report) by 146.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 89,161 shares of the company's stock after purchasing an additional 52,952 shares during the quarter. Jane Street Group LLC owned 0.20% of Byline Bancorp worth $2,586,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Northern Trust Corp grew its position in Byline Bancorp by 7.1% in the fourth quarter. Northern Trust Corp now owns 273,390 shares of the company's stock worth $7,928,000 after acquiring an additional 18,236 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Byline Bancorp by 20.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,359 shares of the company's stock valued at $359,000 after acquiring an additional 2,064 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of 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 in the last quarter. MetLife Investment Management LLC raised its stake in Byline Bancorp by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 19,049 shares of the company's stock valued at $552,000 after buying an additional 1,038 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Byline Bancorp by 4.7% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Byline Bancorp Trading Down 0.2%

Shares of NYSE:BY traded down $0.06 during trading on Monday, hitting $27.04. 36,808 shares of the stock were exchanged, compared to its average volume of 154,978. Byline Bancorp, Inc. has a 12-month low of $21.96 and a 12-month high of $32.89. The company has a market cap of $1.25 billion, a PE ratio of 9.80 and a beta of 0.85. The company has a fifty day moving average price of $25.62 and a two-hundred day moving average price of $28.13.

Byline Bancorp (NYSE:BY - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.03. The company 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%. Equities research analysts anticipate that Byline Bancorp, Inc. will post 2.6 earnings per share for the current fiscal year.

Byline Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Tuesday, May 6th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, May 6th. This represents a $0.40 dividend on an annualized basis and a yield of 1.48%. Byline Bancorp's dividend payout ratio (DPR) is 14.81%.

Analysts Set New Price Targets

A number of research firms have recently commented on BY. Hovde Group lifted their target price on Byline Bancorp from $33.00 to $34.00 and gave the stock an "outperform" rating in a research report on Monday, January 27th. Stephens lifted their price objective on Byline Bancorp from $33.00 to $34.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th.

Insider Buying and Selling

In other Byline Bancorp news, insider Thomas Abraham sold 6,658 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $28.86, for a total value of $192,149.88. Following the sale, the insider now owns 62,282 shares in the company, valued at approximately $1,797,458.52. This trade represents a 9.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 30.06% of the stock is owned by corporate insiders.

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.