Byline Bancorp, Inc. (NYSE:BY) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its stake in Byline Bancorp, Inc. (NYSE:BY - Free Report) by 122.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 122,735 shares of the company's stock after acquiring an additional 67,614 shares during the quarter. Assenagon Asset Management S.A. owned about 0.28% of Byline Bancorp worth $2,892,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in BY. JPMorgan Chase & Co. grew its position in shares of Byline Bancorp by 100.0% in the 1st quarter. JPMorgan Chase & Co. now owns 477,177 shares of the company's stock worth $12,731,000 after buying an additional 238,563 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Byline Bancorp by 1.7% during the first quarter. Bank of New York Mellon Corp now owns 127,968 shares of the company's stock worth $3,414,000 after purchasing an additional 2,135 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of Byline Bancorp by 53.6% during the first quarter. MetLife Investment Management LLC now owns 13,551 shares of the company's stock worth $362,000 after purchasing an additional 4,730 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Byline Bancorp by 2.2% during the 1st quarter. BlackRock Inc. now owns 1,942,398 shares of the company's stock valued at $51,824,000 after purchasing an additional 42,019 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Byline Bancorp by 9.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 942,858 shares of the company's stock worth $25,155,000 after purchasing an additional 81,774 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on BY. Stephens decreased their price objective on shares of Byline Bancorp from $26.00 to $25.00 and set an "equal weight" rating for the company in a research report on Wednesday. Piper Sandler lifted their price objective on shares of Byline Bancorp from $27.00 to $28.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 30th.

Byline Bancorp Stock Performance

Shares of NYSE BY traded down $0.21 during midday trading on Wednesday, reaching $20.66. 85,899 shares of the stock were exchanged, compared to its average volume of 102,692. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. The firm has a market cap of $916.89 million, a price-to-earnings ratio of 7.74 and a beta of 1.14. The firm has a 50-day simple moving average of $21.07 and a two-hundred day simple moving average of $21.06. Byline Bancorp, Inc. has a twelve month low of $16.40 and a twelve month high of $24.52.

Byline Bancorp (NYSE:BY - Get Free Report) last posted its earnings results on Thursday, January 25th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.06. Byline Bancorp had a net margin of 20.13% and a return on equity of 13.27%. The business had revenue of $100.79 million for the quarter, compared to analyst estimates of $101.07 million. As a group, analysts anticipate that Byline Bancorp, Inc. will post 2.53 EPS for the current fiscal year.

Byline Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Tuesday, February 6th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Monday, February 5th. Byline Bancorp's dividend payout ratio is presently 13.48%.

Insider Buying and Selling at Byline Bancorp

In related news, President Alberto J. Paracchini sold 20,000 shares of the firm's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $21.01, for a total value of $420,200.00. Following the transaction, the president now directly owns 205,537 shares of the company's stock, valued at approximately $4,318,332.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, President Alberto J. Paracchini sold 20,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $21.01, for a total value of $420,200.00. Following the completion of the transaction, the president now directly owns 205,537 shares of the company's stock, valued at approximately $4,318,332.37. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ana Casanueva sold 1,500 shares of Byline Bancorp stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $21.54, for a total transaction of $32,310.00. Following the sale, the director now directly owns 2,131 shares in the company, valued at approximately $45,901.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 10,585 shares of company stock valued at $218,810 and have sold 28,409 shares valued at $598,238. Insiders own 35.04% of the company's stock.

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.