Byline Bancorp, Inc. $BY Shares Bought by Fiducient Advisors LLC

Fiducient Advisors LLC raised its stake in Byline Bancorp, Inc. (NYSE:BY) by 33.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,767 shares of the company’s stock after purchasing an additional 20,517 shares during the quarter. Fiducient Advisors LLC’s holdings in Byline Bancorp were worth $2,384,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Byline Bancorp by 99.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,095 shares of the company’s stock valued at $30,000 after acquiring an additional 546 shares in the last quarter. Clearstead Advisors LLC lifted its holdings in shares of Byline Bancorp by 83.1% during the 4th quarter. Clearstead Advisors LLC now owns 1,578 shares of the company’s stock valued at $46,000 after acquiring an additional 716 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Byline Bancorp by 1,572.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,860 shares of the company’s stock valued at $79,000 after acquiring an additional 2,689 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Byline Bancorp by 16.1% during the 4th quarter. New York State Teachers Retirement System now owns 2,864 shares of the company’s stock valued at $83,000 after acquiring an additional 398 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Byline Bancorp by 319.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,904 shares of the company’s stock valued at $104,000 after acquiring an additional 2,973 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 research reports. Piper Sandler lifted their target price on shares of Byline Bancorp from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Zacks Research lowered shares of Byline Bancorp from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Byline Bancorp in a report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Byline Bancorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.00.

Byline Bancorp Price Performance

Byline Bancorp stock opened at $33.14 on Friday. Byline Bancorp, Inc. has a 12-month low of $24.75 and a 12-month high of $34.33. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 10.80 and a beta of 0.75. The firm’s fifty day moving average price is $32.46 and its 200 day moving average price is $31.12.

Byline Bancorp (NYSE:BY) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.09. Byline Bancorp had a net margin of 21.86% and a return on equity of 11.56%. The firm had revenue of $112.40 million for the quarter, compared to the consensus estimate of $113.89 million. Analysts forecast that Byline Bancorp, Inc. will post 3.28 earnings per share for the current fiscal year.

Byline Bancorp Announces Dividend

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

Byline Bancorp 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.