SG Americas Securities LLC Sells 18,743 Shares of Byline Bancorp, Inc. $BY

SG Americas Securities LLC trimmed its position in Byline Bancorp, Inc. (NYSE:BY) by 52.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,988 shares of the company’s stock after selling 18,743 shares during the quarter. SG Americas Securities LLC’s holdings in Byline Bancorp were worth $536,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BY. Clearstead Advisors LLC boosted its position in 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 buying an additional 716 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of 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. raised its stake in shares of 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. New York State Teachers Retirement System raised its stake in shares of 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. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Byline Bancorp by 319.3% during the second quarter. Tower Research Capital LLC TRC now owns 3,904 shares of the company’s stock worth $104,000 after purchasing an additional 2,973 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BY. Piper Sandler boosted their price target on Byline Bancorp from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Byline Bancorp in a report on Wednesday, May 13th. Finally, Zacks Research upgraded Byline Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $36.00.

Byline Bancorp Trading Down 1.0%

Shares of Byline Bancorp stock opened at $37.01 on Wednesday. Byline Bancorp, Inc. has a 12-month low of $25.38 and a 12-month high of $38.83. The company has a market cap of $1.68 billion, a P/E ratio of 12.06 and a beta of 0.72. The company’s fifty day simple moving average is $34.31 and its two-hundred day simple moving average is $32.49.

Byline Bancorp (NYSE:BY) last announced its earnings results on Thursday, April 23rd. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $113.89 million. Analysts predict that Byline Bancorp, Inc. will post 3.28 EPS for the current fiscal year.

Byline Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 5th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, May 5th. Byline Bancorp’s payout ratio is presently 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.