Endeavour Capital Advisors Inc. boosted its position in Byline Bancorp Inc (NYSE:BY) by 951.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 683,021 shares of the company’s stock after purchasing an additional 618,044 shares during the quarter. Byline Bancorp makes up approximately 6.4% of Endeavour Capital Advisors Inc.’s investment portfolio, making the stock its 6th largest holding. Endeavour Capital Advisors Inc. owned about 2.33% of Byline Bancorp worth $15,689,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Jennison Associates LLC increased its holdings in shares of Byline Bancorp by 11.8% during the third quarter. Jennison Associates LLC now owns 633,215 shares of the company’s stock valued at $13,462,000 after acquiring an additional 67,035 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Byline Bancorp during the second quarter valued at about $571,000. Bank of New York Mellon Corp acquired a new position in shares of Byline Bancorp during the third quarter valued at about $313,000. Eagle Boston Investment Management Inc. acquired a new position in shares of Byline Bancorp during the third quarter valued at about $4,511,000. Finally, Boston Partners acquired a new position in shares of Byline Bancorp during the third quarter valued at about $2,094,000. Institutional investors and hedge funds own 27.30% of the company’s stock.
A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded Byline Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Keefe, Bruyette & Woods upgraded Byline Bancorp from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a research report on Wednesday, November 29th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Byline Bancorp has an average rating of “Buy” and an average target price of $24.90.
Shares of Byline Bancorp Inc (NYSE BY) opened at $23.29 on Monday. Byline Bancorp Inc has a 52-week low of $19.02 and a 52-week high of $24.52. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.52.
Byline Bancorp (NYSE:BY) last issued its earnings results on Thursday, January 25th. The company reported $0.24 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.24. The firm had revenue of $44.79 million during the quarter, compared to analysts’ expectations of $44.90 million. equities analysts anticipate that Byline Bancorp Inc will post 1.27 EPS for the current year.
Byline Bancorp Profile
Byline Bancorp, Inc is a bank holding company. The Company operates through its subsidiary, Byline Bank (the Bank). Byline Bank is a full service commercial bank. The Bank operates through 56 branches in the Chicago metropolitan area. The Bank offers a broad range of banking products and services to small and medium sized businesses, commercial real estate and financial sponsors, and to consumers.
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