Aristotle Capital Boston LLC Sells 85,097 Shares of Byline Bancorp, Inc. $BY

Aristotle Capital Boston LLC decreased its position in shares of Byline Bancorp, Inc. (NYSE:BY) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 801,227 shares of the company’s stock after selling 85,097 shares during the period. Byline Bancorp makes up about 1.3% of Aristotle Capital Boston LLC’s investment portfolio, making the stock its 23rd largest position. Aristotle Capital Boston LLC owned 1.75% of Byline Bancorp worth $23,356,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BY. EverSource Wealth Advisors LLC increased its position in Byline Bancorp by 99.5% during the third 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 during the last quarter. Clearstead Advisors LLC increased its position in Byline Bancorp by 83.1% during the fourth quarter. Clearstead Advisors LLC now owns 1,578 shares of the company’s stock valued at $46,000 after acquiring an additional 716 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Byline Bancorp by 15.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the company’s stock valued at $69,000 after acquiring an additional 313 shares during the last quarter. Russell Investments Group Ltd. increased its position in Byline Bancorp by 1,572.5% during the third 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 during the last quarter. Finally, New York State Teachers Retirement System increased its position in Byline Bancorp by 16.1% during the fourth 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 during the last quarter. Institutional investors own 67.73% of the company’s stock.

Byline Bancorp Trading Down 0.7%

NYSE BY opened at $34.98 on Thursday. The company’s 50-day moving average price is $33.28 and its 200-day moving average price is $31.78. The stock has a market cap of $1.59 billion, a PE ratio of 11.39 and a beta of 0.75. Byline Bancorp, Inc. has a 12 month low of $24.75 and a 12 month high of $35.84.

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

Byline Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 5th were issued a $0.12 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.4%. Byline Bancorp’s dividend payout ratio is presently 15.64%.

Wall Street Analysts Forecast Growth

BY has been the topic of a number of analyst reports. Piper Sandler boosted their price objective on shares of Byline Bancorp from $37.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Byline Bancorp in a research report on Wednesday, May 13th. Finally, Zacks Research cut shares of Byline Bancorp from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Byline Bancorp presently has an average rating of “Moderate Buy” and an average target price of $36.00.

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.