Banc Funds Co. LLC Sells 18,692 Shares of Byline Bancorp, Inc. (NYSE:BY)

Banc Funds Co. LLC lowered its stake in shares of Byline Bancorp, Inc. (NYSE:BY) by 16.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 96,890 shares of the company’s stock after selling 18,692 shares during the period. Banc Funds Co. LLC owned 0.22% of Byline Bancorp worth $2,594,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. New York State Teachers Retirement System lifted its holdings in Byline Bancorp by 25.3% during the third quarter. New York State Teachers Retirement System now owns 2,842 shares of the company’s stock valued at $76,000 after purchasing an additional 574 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in shares of Byline Bancorp by 8.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 7,934 shares of the company’s stock valued at $212,000 after buying an additional 619 shares in the last quarter. CWM LLC lifted its stake in shares of Byline Bancorp by 104.5% during the 2nd quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $31,000 after buying an additional 676 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Byline Bancorp in the 2nd quarter worth approximately $26,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Byline Bancorp by 10.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,070 shares of the company’s stock valued at $310,000 after buying an additional 1,277 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler restated an “overweight” rating and set a $34.00 target price on shares of Byline Bancorp in a research report on Tuesday, October 29th.

Byline Bancorp Trading Down 0.3 %

Byline Bancorp stock opened at $31.42 on Monday. Byline Bancorp, Inc. has a 1-year low of $19.70 and a 1-year high of $32.89. The firm has a market capitalization of $1.39 billion, a PE ratio of 11.43 and a beta of 1.12. The firm’s 50 day simple moving average is $28.17 and its 200 day simple moving average is $26.25.

Byline Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were issued a $0.09 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.36 annualized dividend and a dividend yield of 1.15%. Byline Bancorp’s payout ratio is currently 13.09%.

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.