Vanguard Group Inc. Has $28.58 Million Stock Position in Byline Bancorp, Inc. (NYSE:BY)

Vanguard Group Inc. lifted its stake in shares of Byline Bancorp, Inc. (NYSE:BY - Free Report) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,449,974 shares of the company's stock after acquiring an additional 79,051 shares during the quarter. Vanguard Group Inc. owned 3.32% of Byline Bancorp worth $28,579,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BlackRock Inc. boosted its position in shares of Byline Bancorp by 4.5% in the second quarter. BlackRock Inc. now owns 2,235,462 shares of the company's stock worth $40,439,000 after buying an additional 95,891 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Byline Bancorp by 11.3% in the first quarter. Thrivent Financial for Lutherans now owns 1,991,800 shares of the company's stock worth $43,063,000 after buying an additional 202,612 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Byline Bancorp by 9.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,421,756 shares of the company's stock worth $30,738,000 after buying an additional 123,382 shares during the period. State Street Corp boosted its position in shares of Byline Bancorp by 1.6% in the first quarter. State Street Corp now owns 786,767 shares of the company's stock worth $20,991,000 after buying an additional 12,256 shares during the period. Finally, FMR LLC boosted its position in shares of Byline Bancorp by 18.4% in the third quarter. FMR LLC now owns 767,331 shares of the company's stock worth $15,124,000 after buying an additional 119,383 shares during the period. 67.73% of the stock is owned by institutional investors.

Byline Bancorp Stock Down 0.3 %

BY traded down $0.06 during trading on Friday, reaching $20.19. 63,311 shares of the stock traded hands, compared to its average volume of 84,585. The stock has a market cap of $896.03 million, a price-to-earnings ratio of 7.56 and a beta of 1.14. Byline Bancorp, Inc. has a fifty-two week low of $16.40 and a fifty-two week high of $24.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.92 and a quick ratio of 0.91. The stock's 50-day simple moving average is $20.84 and its two-hundred day simple moving average is $21.10.

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

Byline Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Tuesday, February 6th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $0.36 annualized dividend and a yield of 1.78%. Byline Bancorp's dividend payout ratio (DPR) is currently 13.48%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BY shares. Stephens reduced their price objective on Byline Bancorp from $26.00 to $25.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 3rd. Piper Sandler lifted their price objective on Byline Bancorp from $27.00 to $28.00 and gave the company an "overweight" rating in a research report on Tuesday, January 30th.

Insider Buying and Selling at Byline Bancorp

In other Byline Bancorp news, Director Ana Casanueva sold 1,500 shares of the firm's stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $21.54, for a total transaction of $32,310.00. Following the transaction, the director now directly owns 2,131 shares in the company, valued at $45,901.74. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Byline Bancorp news, Director Valle Perochena Antonio Del acquired 7,103 shares of the company's stock in a transaction dated Friday, March 1st. The shares were acquired at an average cost of $20.65 per share, for a total transaction of $146,676.95. Following the completion of the purchase, the director now owns 11,835,145 shares of the company's stock, valued at approximately $244,395,744.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ana Casanueva sold 1,500 shares of Byline Bancorp stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $21.54, for a total value of $32,310.00. Following the completion of the transaction, the director now owns 2,131 shares in the company, valued at $45,901.74. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 10,585 shares of company stock worth $218,810 and have sold 28,409 shares worth $598,238. Corporate insiders own 35.04% of the company's stock.

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.