Fiducient Advisors LLC Raises Holdings in Byline Bancorp, Inc. $BY

Fiducient Advisors LLC lifted its holdings in shares of Byline Bancorp, Inc. (NYSE:BY) by 33.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,767 shares of the company’s stock after purchasing an additional 20,517 shares during the period. Fiducient Advisors LLC owned about 0.18% of Byline Bancorp worth $2,384,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BY. JPMorgan Chase & Co. increased its stake in shares of Byline Bancorp by 31.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 588,359 shares of the company’s stock worth $16,315,000 after purchasing an additional 140,219 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in shares of Byline Bancorp by 56.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 358,536 shares of the company’s stock worth $9,942,000 after purchasing an additional 129,032 shares in the last quarter. UBS Group AG increased its stake in shares of Byline Bancorp by 129.4% during the 3rd quarter. UBS Group AG now owns 141,067 shares of the company’s stock worth $3,912,000 after purchasing an additional 79,586 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Byline Bancorp by 93.0% during the 2nd quarter. First Trust Advisors LP now owns 163,685 shares of the company’s stock worth $4,375,000 after purchasing an additional 78,870 shares in the last quarter. Finally, Blair William & Co. IL boosted its position in Byline Bancorp by 924.5% during the third quarter. Blair William & Co. IL now owns 79,124 shares of the company’s stock worth $2,194,000 after acquiring an additional 71,401 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Byline Bancorp in a research report on Wednesday, May 13th. Piper Sandler raised their target price on shares of Byline Bancorp from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Finally, Zacks Research lowered shares of Byline Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.00.

Byline Bancorp Stock Down 0.1%

Shares of BY opened at $33.14 on Friday. The firm has a market cap of $1.50 billion, a PE ratio of 10.80 and a beta of 0.75. The company’s fifty day moving average is $32.46 and its two-hundred day moving average is $31.12. Byline Bancorp, Inc. has a fifty-two week low of $24.75 and a fifty-two week high of $34.33.

Byline Bancorp (NYSE:BY) last announced its quarterly 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. The company had revenue of $112.40 million for the quarter, compared to analyst estimates of $113.89 million. Byline Bancorp had a net margin of 21.86% and a return on equity of 11.56%. As a group, equities research analysts anticipate that Byline Bancorp, Inc. will post 3.28 earnings per share for the current year.

Byline Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 5th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Tuesday, May 5th. Byline Bancorp’s dividend payout ratio (DPR) is 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.