Chicago Partners Investment Group LLC Purchases 619 Shares of Byline Bancorp, Inc. (NYSE:BY)

Chicago Partners Investment Group LLC increased its holdings in Byline Bancorp, Inc. (NYSE:BY) by 8.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,934 shares of the company’s stock after acquiring an additional 619 shares during the period. Chicago Partners Investment Group LLC’s holdings in Byline Bancorp were worth $212,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BY. Dimensional Fund Advisors LP boosted its position in Byline Bancorp by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,855,547 shares of the company’s stock worth $44,049,000 after purchasing an additional 106,940 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Byline Bancorp by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 1,551,552 shares of the company’s stock worth $33,700,000 after buying an additional 51,682 shares during the last quarter. American Century Companies Inc. grew its position in Byline Bancorp by 20.4% during the second quarter. American Century Companies Inc. now owns 518,727 shares of the company’s stock valued at $12,315,000 after buying an additional 87,796 shares during the period. Bank of New York Mellon Corp increased its holdings in Byline Bancorp by 16.1% during the second quarter. Bank of New York Mellon Corp now owns 191,122 shares of the company’s stock worth $4,537,000 after buying an additional 26,539 shares during the last quarter. Finally, Sei Investments Co. raised its position in Byline Bancorp by 5.4% in the first quarter. Sei Investments Co. now owns 171,282 shares of the company’s stock worth $3,720,000 after acquiring an additional 8,847 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Byline Bancorp Trading Up 2.8 %

Byline Bancorp stock opened at $27.18 on Wednesday. The firm has a 50 day simple moving average of $26.54 and a 200 day simple moving average of $25.14. Byline Bancorp, Inc. has a 1-year low of $19.25 and a 1-year high of $29.49. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 9.88 and a beta of 1.12.

Byline Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, November 5th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.32%. Byline Bancorp’s payout ratio is 13.09%.

Insider Buying and Selling

In other news, insider Brogan Ptacin sold 11,812 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $27.65, for a total value of $326,601.80. Following the sale, the insider now directly owns 25,588 shares of the company’s stock, valued at approximately $707,508.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 30.06% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BY. Keefe, Bruyette & Woods raised their price target on shares of Byline Bancorp from $25.00 to $29.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. Piper Sandler restated an “overweight” rating and issued a $34.00 target price on shares of Byline Bancorp in a research note on Tuesday, October 29th. Finally, Stephens increased their price target on Byline Bancorp from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th.

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.