Hsbc Holdings PLC Has $2.06 Million Stock Position in Byline Bancorp, Inc. $BY

Hsbc Holdings PLC lifted its position in shares of Byline Bancorp, Inc. (NYSE:BY) by 135.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,502 shares of the company’s stock after acquiring an additional 40,613 shares during the quarter. Hsbc Holdings PLC owned approximately 0.15% of Byline Bancorp worth $2,056,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. AQR Capital Management LLC increased its position in Byline Bancorp by 34.4% in the first quarter. AQR Capital Management LLC now owns 137,998 shares of the company’s stock worth $3,610,000 after purchasing an additional 35,324 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Byline Bancorp by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,491 shares of the company’s stock valued at $484,000 after purchasing an additional 770 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Byline Bancorp by 7.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,245 shares of the company’s stock worth $1,995,000 after buying an additional 5,213 shares during the period. Jane Street Group LLC grew its position in shares of Byline Bancorp by 71.0% during the 1st quarter. Jane Street Group LLC now owns 152,478 shares of the company’s stock worth $3,989,000 after buying an additional 63,317 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Byline Bancorp by 2.5% during the second quarter. Legal & General Group Plc now owns 29,577 shares of the company’s stock worth $791,000 after buying an additional 712 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Ratings Changes

BY has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Byline Bancorp in a research note on Wednesday, May 13th. Piper Sandler upped their target price on shares of Byline Bancorp from $37.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Finally, Zacks Research raised Byline Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $36.00.

Byline Bancorp Trading Up 0.1%

Byline Bancorp stock opened at $37.60 on Tuesday. The firm has a market capitalization of $1.71 billion, a P/E ratio of 12.25 and a beta of 0.75. The business has a 50-day moving average of $33.79 and a 200-day moving average of $32.20. Byline Bancorp, Inc. has a 1 year low of $25.38 and a 1 year high of $37.71.

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. Byline Bancorp had a net margin of 21.86% and a return on equity of 11.56%. The business had revenue of $112.40 million for the quarter, compared to the consensus estimate of $113.89 million. Research analysts anticipate that Byline Bancorp, Inc. will post 3.28 EPS for the current fiscal year.

Byline Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 5th were issued a $0.12 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $0.48 annualized dividend and a yield of 1.3%. Byline Bancorp’s dividend payout ratio (DPR) is 15.64%.

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.