Hsbc Holdings PLC Has $1.42 Million Position in Byline Bancorp, Inc. $BY

Hsbc Holdings PLC lessened its stake in Byline Bancorp, Inc. (NYSE:BY) by 36.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,816 shares of the company’s stock after selling 25,686 shares during the period. Hsbc Holdings PLC owned about 0.10% of Byline Bancorp worth $1,422,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in Byline Bancorp by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,330,002 shares of the company’s stock valued at $67,920,000 after acquiring an additional 7,663 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Byline Bancorp by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 1,822,619 shares of the company’s stock valued at $53,129,000 after purchasing an additional 47,798 shares during the period. State Street Corp increased its position in shares of Byline Bancorp by 0.9% during the fourth quarter. State Street Corp now owns 997,040 shares of the company’s stock valued at $29,064,000 after purchasing an additional 8,994 shares during the period. Geode Capital Management LLC increased its position in shares of Byline Bancorp by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 764,144 shares of the company’s stock valued at $22,278,000 after purchasing an additional 13,810 shares during the period. Finally, Federated Hermes Inc. raised its stake in shares of Byline Bancorp by 16.7% in the fourth quarter. Federated Hermes Inc. now owns 573,652 shares of the company’s stock valued at $16,722,000 after purchasing an additional 82,142 shares in the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Byline Bancorp Trading Down 0.0%

Shares of BY opened at $38.60 on Tuesday. Byline Bancorp, Inc. has a 1 year low of $25.38 and a 1 year high of $39.51. The stock has a 50 day simple moving average of $35.73 and a 200-day simple moving average of $33.28. The stock has a market cap of $1.75 billion, a PE ratio of 11.66 and a beta of 0.72.

Byline Bancorp (NYSE:BY) last posted its earnings results on Thursday, July 23rd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.79 by $0.12. The business had revenue of $117.71 million during the quarter, compared to the consensus estimate of $115.78 million. Byline Bancorp had a return on equity of 11.94% and a net margin of 23.36%. On average, sell-side analysts forecast that Byline Bancorp, Inc. will post 3.28 EPS for the current fiscal year.

Byline Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 18th. Shareholders of record on Tuesday, August 4th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, August 4th. This is a boost from Byline Bancorp’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.5%. Byline Bancorp’s dividend payout ratio (DPR) is 14.50%.

Analysts Set New Price Targets

Several brokerages recently commented on BY. Raymond James Financial initiated coverage on Byline Bancorp in a research report on Wednesday, July 8th. They issued a “market perform” rating for the company. Piper Sandler boosted their price target 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 cut shares of Byline Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Byline Bancorp in a report on Wednesday, May 13th. Finally, Hovde Group lifted their target price on shares of Byline Bancorp from $39.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $41.50.

Byline Bancorp Company 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.