Trexquant Investment LP Purchases New Shares in Byline Bancorp, Inc. (NYSE:BY)

Trexquant Investment LP acquired a new position in shares of Byline Bancorp, Inc. (NYSE:BY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 42,662 shares of the company's stock, valued at approximately $1,237,000. Trexquant Investment LP owned about 0.10% of Byline Bancorp at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BY. Bank of New York Mellon Corp lifted its holdings in shares of Byline Bancorp by 0.6% during the 4th quarter. Bank of New York Mellon Corp now owns 166,809 shares of the company's stock valued at $4,837,000 after purchasing an additional 973 shares in the last quarter. Princeton Capital Management LLC lifted its stake in Byline Bancorp by 12.0% in the fourth quarter. Princeton Capital Management LLC now owns 11,200 shares of the company's stock valued at $325,000 after buying an additional 1,200 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Byline Bancorp by 9.2% in the fourth quarter. Principal Financial Group Inc. now owns 22,018 shares of the company's stock valued at $639,000 after buying an additional 1,854 shares during the period. Parkside Financial Bank & Trust bought a new stake in shares of Byline Bancorp during the fourth quarter worth $63,000. Finally, The Manufacturers Life Insurance Company lifted its position in Byline Bancorp by 22.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 15,198 shares of the company's stock valued at $407,000 after acquiring an additional 2,795 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Byline Bancorp Trading Up 1.8 %

Shares of NYSE BY traded up $0.43 during mid-day trading on Tuesday, hitting $24.02. The company had a trading volume of 22,676 shares, compared to its average volume of 149,755. The firm has a 50-day simple moving average of $27.05 and a two-hundred day simple moving average of $28.22. The company has a market capitalization of $1.07 billion, a PE ratio of 8.70 and a beta of 0.90. Byline Bancorp, Inc. has a one year low of $19.82 and a one year high of $32.89.

Byline Bancorp (NYSE:BY - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.08. Byline Bancorp had a return on equity of 11.61% and a net margin of 19.33%. Sell-side analysts expect that Byline Bancorp, Inc. will post 2.6 earnings per share for the current fiscal year.

Byline Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.67%. This is an increase from Byline Bancorp's previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Tuesday, February 4th. Byline Bancorp's payout ratio is presently 14.49%.

Insiders Place Their Bets

In other Byline Bancorp news, insider Thomas Abraham sold 6,658 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $28.86, for a total transaction of $192,149.88. Following the transaction, the insider now owns 62,282 shares of the company's stock, valued at $1,797,458.52. The trade was a 9.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 30.06% of the company's stock.

Wall Street Analyst Weigh In

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

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.