Wedge Capital Management L L P NC Has $555,000 Stake in Byline Bancorp, Inc. (NYSE:BY)

Wedge Capital Management L L P NC raised its stake in shares of Byline Bancorp, Inc. (NYSE:BY) by 19.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 23,546 shares of the company’s stock after buying an additional 3,863 shares during the period. Wedge Capital Management L L P NC’s holdings in Byline Bancorp were worth $555,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP lifted its position in shares of Byline Bancorp by 24.7% during the 3rd quarter. Quantbot Technologies LP now owns 3,831 shares of the company’s stock worth $76,000 after buying an additional 759 shares in the last quarter. Alps Advisors Inc. lifted its position in shares of Byline Bancorp by 14.1% during the 3rd quarter. Alps Advisors Inc. now owns 16,362 shares of the company’s stock worth $322,000 after buying an additional 2,027 shares in the last quarter. Denali Advisors LLC lifted its position in shares of Byline Bancorp by 19.2% during the 4th quarter. Denali Advisors LLC now owns 18,000 shares of the company’s stock worth $424,000 after buying an additional 2,900 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Byline Bancorp by 3.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 155,191 shares of the company’s stock worth $3,059,000 after buying an additional 5,539 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Byline Bancorp by 115.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,793 shares of the company’s stock worth $278,000 after buying an additional 6,307 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

BY has been the topic of several recent analyst reports. Piper Sandler lifted their target price on shares of Byline Bancorp from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Stephens lowered their price target on shares of Byline Bancorp from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 3rd.

Byline Bancorp Trading Up 3.2 %

NYSE:BY opened at $21.76 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $959.62 million, a PE ratio of 8.15 and a beta of 1.14. The firm’s 50 day moving average is $20.80 and its 200 day moving average is $21.16. Byline Bancorp, Inc. has a 12 month low of $16.40 and a 12 month high of $24.52.

Byline Bancorp (NYSE:BY) last posted its quarterly earnings results on Thursday, January 25th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.06. Byline Bancorp had a net margin of 20.13% and a return on equity of 13.27%. The company had revenue of $100.79 million for the quarter, compared to analysts’ expectations of $101.07 million. Sell-side analysts expect that Byline Bancorp, Inc. will post 2.53 earnings per share for the current year.

Insider Buying and Selling at Byline Bancorp

In other Byline Bancorp news, Director Ana Casanueva sold 1,500 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $21.54, for a total transaction of $32,310.00. Following the sale, the director now owns 2,131 shares of the company’s stock, valued at approximately $45,901.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Byline Bancorp news, Director Valle Perochena Antonio Del bought 7,103 shares of the stock in a transaction on Friday, March 1st. The shares were acquired at an average price of $20.65 per share, with a total value of $146,676.95. Following the acquisition, the director now directly owns 11,835,145 shares of the company’s stock, valued at approximately $244,395,744.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ana Casanueva sold 1,500 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $21.54, for a total transaction of $32,310.00. Following the sale, the director now directly owns 2,131 shares in the company, valued at approximately $45,901.74. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 10,585 shares of company stock valued at $218,810 and have sold 28,409 shares valued at $598,238. Insiders own 35.04% of the company’s stock.

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.