Susquehanna International Group LLP Has $681,000 Holdings in Byline Bancorp, Inc. $BY

Susquehanna International Group LLP decreased its holdings in shares of Byline Bancorp, Inc. (NYSE:BY) by 64.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 18,081 shares of the company’s stock after selling 32,135 shares during the period. Susquehanna International Group LLP’s holdings in Byline Bancorp were worth $681,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Clearstead Advisors LLC lifted its holdings in Byline Bancorp by 83.1% in the fourth quarter. Clearstead Advisors LLC now owns 1,578 shares of the company’s stock valued at $46,000 after buying an additional 716 shares during the period. Allworth Financial LP acquired a new stake in Byline Bancorp during the 2nd quarter worth $61,000. Parkside Financial Bank & Trust grew its stake in shares of Byline Bancorp by 15.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the company’s stock worth $69,000 after purchasing an additional 313 shares during the period. Royal Bank of Canada increased its holdings in Byline Bancorp by 58.3% in the first quarter. Royal Bank of Canada now owns 2,332 shares of the company’s stock valued at $73,000 after purchasing an additional 859 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Byline Bancorp by 1,572.5% in the third quarter. Russell Investments Group Ltd. now owns 2,860 shares of the company’s stock valued at $79,000 after buying an additional 2,689 shares during the period. 67.73% of the stock is owned by institutional investors.

Byline Bancorp Stock Performance

BY opened at $37.94 on Tuesday. Byline Bancorp, Inc. has a fifty-two week low of $25.57 and a fifty-two week high of $40.03. The company has a market capitalization of $1.71 billion, a P/E ratio of 11.46 and a beta of 0.71. The stock has a fifty day moving average of $38.19 and a 200-day moving average of $34.59.

Byline Bancorp (NYSE:BY) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.79 by $0.12. Byline Bancorp had a net margin of 23.36% and a return on equity of 11.84%. The business had revenue of $117.71 million for the quarter, compared to the consensus estimate of $115.78 million. On average, equities research analysts predict that Byline Bancorp, Inc. will post 3.35 earnings per share for the current fiscal year.

Byline Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Investors of record on Tuesday, August 4th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.5%. This is an increase from Byline Bancorp’s previous quarterly dividend of $0.12. The ex-dividend date was Tuesday, August 4th. Byline Bancorp’s dividend payout ratio is presently 16.92%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their target price on Byline Bancorp from $37.00 to $41.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th. Hovde Group increased their price objective on shares of Byline Bancorp from $39.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Stephens set a $40.00 price objective on Byline Bancorp in a research report on Monday, July 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Byline Bancorp in a research note on Friday, August 7th. Finally, Piper Sandler boosted their price target on shares of Byline Bancorp from $40.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Byline Bancorp currently has an average rating of “Moderate Buy” and an average price target of $43.00.

Insider Buying and Selling

In other Byline Bancorp news, CEO Roberto R. Herencia sold 19,750 shares of Byline Bancorp stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $39.21, for a total value of $774,397.50. Following the completion of the transaction, the chief executive officer directly owned 411,643 shares of the company’s stock, valued at $16,140,522.03. The trade was a 4.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dana Rose sold 2,421 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $39.00, for a total value of $94,419.00. Following the sale, the insider directly owned 11,605 shares in the company, valued at approximately $452,595. This trade represents a 17.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 622,171 shares of company stock worth $24,328,816. 29.09% of the stock is owned by corporate insiders.

About Byline Bancorp

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.