UBS Group AG Sells 48,667 Shares of Byline Bancorp, Inc. $BY

UBS Group AG trimmed its position in Byline Bancorp, Inc. (NYSE:BY) by 34.5% during the 4th quarter, HoldingsChannel reports. The firm owned 92,400 shares of the company’s stock after selling 48,667 shares during the quarter. UBS Group AG’s holdings in Byline Bancorp were worth $2,693,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BY. AQR Capital Management LLC increased its holdings in shares of Byline Bancorp by 34.4% in the first quarter. AQR Capital Management LLC now owns 137,998 shares of the company’s stock worth $3,610,000 after purchasing an additional 35,324 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Byline Bancorp by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,491 shares of the company’s stock worth $484,000 after acquiring an additional 770 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Byline Bancorp by 7.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,245 shares of the company’s stock worth $1,995,000 after acquiring an additional 5,213 shares during the last quarter. Jane Street Group LLC increased its stake in Byline Bancorp by 71.0% during the first quarter. Jane Street Group LLC now owns 152,478 shares of the company’s stock worth $3,989,000 after acquiring an additional 63,317 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Byline Bancorp by 2.5% during the second quarter. Legal & General Group Plc now owns 29,577 shares of the company’s stock worth $791,000 after acquiring an additional 712 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Byline Bancorp in a research note on Wednesday, May 13th. Piper Sandler boosted their price objective on Byline Bancorp from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Finally, Zacks Research cut Byline Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.00.

Byline Bancorp Price Performance

Shares of NYSE BY opened at $33.33 on Wednesday. The business’s 50 day moving average is $32.35 and its two-hundred day moving average is $31.03. Byline Bancorp, Inc. has a 1-year low of $24.75 and a 1-year high of $34.33. The stock has a market capitalization of $1.51 billion, a P/E ratio of 10.86 and a beta of 0.75.

Byline Bancorp (NYSE:BY) last announced its earnings results on Thursday, April 23rd. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.09. Byline Bancorp had a return on equity of 11.56% and a net margin of 21.86%.The business had revenue of $112.40 million during the quarter, compared to analyst estimates of $113.89 million. As a group, equities research analysts anticipate that Byline Bancorp, Inc. will post 3.28 earnings per share for the current fiscal year.

Byline Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 5th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Tuesday, May 5th. Byline Bancorp’s payout ratio is 15.64%.

Byline Bancorp Company Profile

Byline Bancorp, Inc is the bank holding company for Byline Bank, a full-service commercial bank headquartered in Chicago, Illinois. Established under its current name in 2016, the company operates as a community-focused financial institution offering a broad array of banking products and services to corporate, professional and consumer clients.

On the commercial banking side, Byline Bancorp serves small and midsize businesses, real estate developers, professional services firms and nonprofit organizations.