Renaissance Technologies LLC Increases Position in Byline Bancorp, Inc. (NYSE:BY)

Renaissance Technologies LLC raised its stake in Byline Bancorp, Inc. (NYSE:BY - Free Report) by 70.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,000 shares of the company's stock after acquiring an additional 40,900 shares during the quarter. Renaissance Technologies LLC owned approximately 0.22% of Byline Bancorp worth $2,871,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Boston Partners lifted its holdings in shares of Byline Bancorp by 818.2% during the fourth quarter. Boston Partners now owns 722,295 shares of the company's stock worth $20,839,000 after purchasing an additional 643,628 shares during the period. JPMorgan Chase & Co. boosted its holdings in Byline Bancorp by 71.6% in the third quarter. JPMorgan Chase & Co. now owns 557,242 shares of the company's stock valued at $14,917,000 after acquiring an additional 232,530 shares during the last quarter. Wellington Management Group LLP increased its position in Byline Bancorp by 16.6% during the 4th quarter. Wellington Management Group LLP now owns 478,359 shares of the company's stock valued at $13,872,000 after purchasing an additional 68,000 shares during the period. American Century Companies Inc. lifted its position in shares of Byline Bancorp by 7.7% in the 4th quarter. American Century Companies Inc. now owns 634,446 shares of the company's stock worth $18,399,000 after purchasing an additional 45,228 shares during the period. Finally, Trexquant Investment LP bought a new stake in shares of Byline Bancorp in the 4th quarter valued at $1,237,000. 67.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Byline Bancorp

In related news, insider Thomas Abraham sold 6,658 shares of the company's stock in a transaction dated 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 $1,797,458.52. This represents a 9.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 30.06% of the company's stock.

Byline Bancorp Price Performance

Shares of BY traded down $0.38 during trading hours on Wednesday, hitting $25.57. The stock had a trading volume of 178,578 shares, compared to its average volume of 153,818. Byline Bancorp, Inc. has a 1-year low of $21.85 and a 1-year high of $32.89. The firm has a market capitalization of $1.18 billion, a P/E ratio of 9.26 and a beta of 0.90. The firm has a 50 day simple moving average of $25.91 and a 200-day simple moving average of $28.14.

Byline Bancorp (NYSE:BY - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.03. Byline Bancorp had a return on equity of 11.61% and a net margin of 19.33%. The firm had revenue of $103.08 million during the quarter, compared to analysts' expectations of $100.82 million. Equities analysts predict that Byline Bancorp, Inc. will post 2.6 EPS for the current fiscal year.

Byline Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 6th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $0.40 annualized dividend and a yield of 1.56%. Byline Bancorp's payout ratio is 14.81%.

Analysts Set New Price Targets

BY has been the topic of a number of research analyst reports. Hovde Group upped their price target on shares of Byline Bancorp from $33.00 to $34.00 and gave the company an "outperform" rating in a research report on Monday, January 27th. Stephens raised their target price on Byline Bancorp from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 29th.

Byline Bancorp 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.