Byline Bancorp, Inc. (NYSE:BY) Shares Sold by Ararat Capital Management LP

Ararat Capital Management LP lowered its position in Byline Bancorp, Inc. (NYSE:BY) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 801,925 shares of the company’s stock after selling 25,387 shares during the quarter. Byline Bancorp accounts for approximately 9.3% of Ararat Capital Management LP’s holdings, making the stock its 4th biggest holding. Ararat Capital Management LP owned about 1.81% of Byline Bancorp worth $23,256,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jane Street Group LLC increased its position in shares of Byline Bancorp by 146.2% during the fourth quarter. Jane Street Group LLC now owns 89,161 shares of the company’s stock worth $2,586,000 after acquiring an additional 52,952 shares during the last quarter. Northern Trust Corp raised its position in shares of Byline Bancorp by 7.1% in the 4th quarter. Northern Trust Corp now owns 273,390 shares of the company’s stock valued at $7,928,000 after purchasing an additional 18,236 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Byline Bancorp by 20.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,359 shares of the company’s stock valued at $359,000 after purchasing an additional 2,064 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Byline Bancorp by 88.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,053 shares of the company’s stock valued at $60,000 after buying an additional 963 shares during the last quarter. Finally, MetLife Investment Management LLC grew its position in shares of Byline Bancorp by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 19,049 shares of the company’s stock worth $552,000 after buying an additional 1,038 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Hovde Group upped their price target on shares of Byline Bancorp from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, January 27th. Stephens upped their target price on shares of Byline Bancorp from $33.00 to $34.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th.

Byline Bancorp Price Performance

Byline Bancorp stock opened at $26.45 on Friday. Byline Bancorp, Inc. has a 12-month low of $21.96 and a 12-month high of $32.89. The stock has a market capitalization of $1.22 billion, a PE ratio of 9.58 and a beta of 0.90. The firm has a 50 day simple moving average of $25.81 and a 200-day simple moving average of $28.13.

Byline Bancorp (NYSE:BY) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.03. Byline Bancorp had a return on equity of 11.61% and a net margin of 19.33%. The company had revenue of $103.08 million for the quarter, compared to analysts’ expectations of $100.82 million. On average, analysts forecast that Byline Bancorp, Inc. will post 2.6 earnings per share for the current fiscal year.

Byline Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 6th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Tuesday, May 6th. Byline Bancorp’s payout ratio is 14.81%.

Insider Buying and Selling at Byline Bancorp

In other news, insider Thomas Abraham sold 6,658 shares of the stock in a transaction 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 completion of the sale, the insider now owns 62,282 shares in the company, valued at approximately $1,797,458.52. This represents a 9.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 30.06% of the stock is owned by corporate insiders.

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.