Campbell & CO Investment Adviser LLC Increases Stake in Byline Bancorp, Inc. $BY

Campbell & CO Investment Adviser LLC grew its position in Byline Bancorp, Inc. (NYSE:BY) by 79.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 25,461 shares of the company’s stock after buying an additional 11,277 shares during the period. Campbell & CO Investment Adviser LLC owned approximately 0.06% of Byline Bancorp worth $681,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BY. Farther Finance Advisors LLC purchased a new position in Byline Bancorp in the 2nd quarter worth approximately $64,000. CWM LLC increased its holdings in shares of Byline Bancorp by 59.5% in the 2nd quarter. CWM LLC now owns 3,650 shares of the company’s stock worth $98,000 after purchasing an additional 1,362 shares in the last quarter. Blair William & Co. IL purchased a new position in shares of Byline Bancorp in the second quarter worth $206,000. Harbor Capital Advisors Inc. lifted its holdings in shares of Byline Bancorp by 5.9% during the second quarter. Harbor Capital Advisors Inc. now owns 9,856 shares of the company’s stock valued at $263,000 after purchasing an additional 552 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Byline Bancorp during the first quarter valued at $310,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BY shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Byline Bancorp in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods upped their price target on shares of Byline Bancorp from $31.00 to $32.00 and gave the company a “market perform” rating in a research report on Monday, October 27th. Finally, Piper Sandler raised their price objective on shares of Byline Bancorp from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.25.

Byline Bancorp Stock Performance

Shares of NYSE BY opened at $27.53 on Friday. The company has a market cap of $1.26 billion, a P/E ratio of 9.80 and a beta of 0.92. Byline Bancorp, Inc. has a 52-week low of $22.63 and a 52-week high of $32.89. The firm’s fifty day moving average is $27.63 and its two-hundred day moving average is $27.16.

Byline Bancorp (NYSE:BY) last announced its quarterly earnings results on Monday, June 6th. The company reported $0.57 EPS for the quarter. The company had revenue of $72.38 million during the quarter. Byline Bancorp had a return on equity of 11.26% and a net margin of 20.01%. As a group, analysts forecast that Byline Bancorp, Inc. will post 2.6 EPS for the current fiscal year.

Byline Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Investors of record on Tuesday, November 4th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, November 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.5%. Byline Bancorp’s dividend payout ratio is presently 14.23%.

Insider Buying and Selling at Byline Bancorp

In related news, insider Dana Rose sold 1,999 shares of Byline Bancorp stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $28.76, for a total value of $57,491.24. Following the completion of the transaction, the insider owned 10,192 shares in the company, valued at approximately $293,121.92. This trade represents a 16.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas Abraham sold 23,400 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $26.89, for a total value of $629,226.00. Following the sale, the insider directly owned 38,882 shares in the company, valued at $1,045,536.98. The trade was a 37.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 28.79% of the stock is owned by company insiders.

Byline Bancorp Company 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.