Byline Bancorp, Inc. $BY Shares Purchased by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in Byline Bancorp, Inc. (NYSE:BY) by 6.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 735,057 shares of the company’s stock after buying an additional 44,753 shares during the quarter. American Century Companies Inc.’s holdings in Byline Bancorp were worth $19,648,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its holdings in Byline Bancorp by 5.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,856 shares of the company’s stock worth $263,000 after buying an additional 552 shares during the last quarter. Legal & General Group Plc raised its position in shares of Byline Bancorp by 2.5% during the 2nd quarter. Legal & General Group Plc now owns 29,577 shares of the company’s stock worth $791,000 after acquiring an additional 712 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Byline Bancorp by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,491 shares of the company’s stock worth $484,000 after purchasing an additional 770 shares during the last quarter. CWM LLC boosted its holdings in Byline Bancorp by 59.5% in the second quarter. CWM LLC now owns 3,650 shares of the company’s stock valued at $98,000 after purchasing an additional 1,362 shares in the last quarter. Finally, Inspire Investing LLC increased its stake in Byline Bancorp by 11.0% in the second quarter. Inspire Investing LLC now owns 14,526 shares of the company’s stock valued at $388,000 after purchasing an additional 1,441 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Byline Bancorp Stock Up 0.1%

BY stock opened at $28.38 on Wednesday. The stock’s 50 day moving average is $27.35 and its two-hundred day moving average is $27.28. Byline Bancorp, Inc. has a 52-week low of $22.63 and a 52-week high of $32.05. The company has a market capitalization of $1.30 billion, a PE ratio of 10.10 and a beta of 0.86.

Byline Bancorp (NYSE:BY) last released its earnings results on Monday, June 6th. The company reported $0.57 EPS for the quarter. The company had revenue of $72.38 million during the quarter. Byline Bancorp had a return on equity of 11.26% and a net margin of 20.01%. As a group, sell-side analysts anticipate that Byline Bancorp, Inc. will post 2.6 EPS for the current year.

Byline Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Stockholders of record on Tuesday, November 4th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Tuesday, November 4th. Byline Bancorp’s dividend payout ratio is 14.23%.

Insider Activity

In other news, insider Thomas Abraham sold 23,400 shares of Byline Bancorp stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $26.89, for a total value of $629,226.00. Following the completion of the transaction, the insider owned 38,882 shares in the company, valued at approximately $1,045,536.98. This trade represents a 37.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dana Rose sold 1,999 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $28.76, for a total value of $57,491.24. Following the completion of the sale, the insider owned 10,192 shares of the company’s stock, valued at $293,121.92. This trade represents a 16.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 28.79% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on BY. Piper Sandler upped their target price on shares of Byline Bancorp from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Byline Bancorp in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods raised their price objective on Byline Bancorp from $31.00 to $32.00 and gave the stock a “market perform” rating in a report on Monday, October 27th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.25.

Byline Bancorp 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.