Cwm LLC Buys 20,709 Shares of Byline Bancorp, Inc. $BY

Cwm LLC lifted its stake in shares of Byline Bancorp, Inc. (NYSE:BY) by 567.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 24,359 shares of the company’s stock after buying an additional 20,709 shares during the quarter. Cwm LLC’s holdings in Byline Bancorp were worth $675,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Boston Partners lifted its position in Byline Bancorp by 1.9% during the second quarter. Boston Partners now owns 732,464 shares of the company’s stock worth $19,500,000 after acquiring an additional 13,818 shares during the last quarter. Creative Planning increased its stake in shares of Byline Bancorp by 67.2% during the second quarter. Creative Planning now owns 75,061 shares of the company’s stock worth $2,006,000 after purchasing an additional 30,169 shares during the period. Empowered Funds LLC lifted its holdings in Byline Bancorp by 13.9% during the 2nd quarter. Empowered Funds LLC now owns 167,496 shares of the company’s stock worth $4,477,000 after purchasing an additional 20,448 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in Byline Bancorp during the 2nd quarter worth approximately $401,000. Finally, Endeavour Capital Advisors Inc. bought a new stake in Byline Bancorp in the 2nd quarter valued at $4,010,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Buying and Selling at Byline Bancorp

In related news, insider Thomas Abraham sold 23,400 shares of the stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $26.89, for a total transaction of $629,226.00. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 28.79% of the company’s stock.

Byline Bancorp Stock Performance

NYSE:BY opened at $29.54 on Thursday. The stock has a fifty day moving average price of $28.65 and a 200-day moving average price of $27.98. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 10.51 and a beta of 0.86. Byline Bancorp, Inc. has a fifty-two week low of $22.63 and a fifty-two week high of $31.24.

Byline Bancorp (NYSE:BY) last issued its quarterly earnings results on Monday, June 6th. The company reported $0.57 EPS for the quarter. Byline Bancorp had a return on equity of 11.26% and a net margin of 20.01%.The company had revenue of $72.38 million for the quarter. Research analysts predict that Byline Bancorp, Inc. will post 2.6 EPS for the current fiscal year.

Byline Bancorp declared that its Board of Directors has initiated a stock buyback plan on Thursday, December 11th that allows the company to repurchase $2.25 million in outstanding shares. This repurchase authorization allows the company to buy up to 0.2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Byline Bancorp Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have weighed in on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Byline Bancorp in a research report on Wednesday, October 8th. Piper Sandler upped their price target on shares of Byline Bancorp from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Byline Bancorp from $31.00 to $32.00 and gave the stock a “market perform” rating in a research report on Monday, October 27th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $33.25.

About Byline Bancorp

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.