Byline Bancorp, Inc. $BY Shares Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL increased its position in shares of Byline Bancorp, Inc. (NYSE:BY) by 33.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 116,780 shares of the company’s stock after buying an additional 29,008 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Byline Bancorp were worth $3,238,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BY. Endeavour Capital Advisors Inc. bought a new position in Byline Bancorp during the second quarter valued at about $4,010,000. JPMorgan Chase & Co. lifted its holdings in Byline Bancorp by 31.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 588,359 shares of the company’s stock valued at $16,315,000 after acquiring an additional 140,219 shares during the last quarter. Qube Research & Technologies Ltd boosted its position 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 valued at $9,942,000 after purchasing an additional 129,032 shares in the last quarter. UBS Group AG grew its stake in shares of Byline Bancorp by 129.4% in 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 during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Byline Bancorp by 93.0% in 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. 67.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Zacks Research upgraded shares of Byline Bancorp from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Piper Sandler reaffirmed an “overweight” rating and issued a $37.00 price target on shares of Byline Bancorp in a report on Tuesday, January 27th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Byline Bancorp in a research report on Wednesday, January 21st. One research 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $33.67.

Byline Bancorp Price Performance

NYSE BY opened at $31.22 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.27. Byline Bancorp, Inc. has a 1 year low of $22.63 and a 1 year high of $33.89. The company has a market cap of $1.42 billion, a PE ratio of 10.84 and a beta of 0.84. The stock’s 50-day moving average price is $31.72 and its two-hundred day moving average price is $29.55.

Byline Bancorp (NYSE:BY) last announced its earnings results on Thursday, January 22nd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.72 by $0.04. Byline Bancorp had a net margin of 20.54% and a return on equity of 11.19%. The company had revenue of $117.01 million during the quarter, compared to analysts’ expectations of $112.51 million. On average, analysts predict that Byline Bancorp, Inc. will post 2.6 EPS for the current year.

Byline Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Tuesday, February 3rd were paid a dividend of $0.12 per share. This is an increase from Byline Bancorp’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, February 3rd. This represents a $0.48 annualized dividend and a yield of 1.5%. Byline Bancorp’s dividend payout ratio (DPR) is presently 16.67%.

Byline Bancorp declared that its board has authorized a stock repurchase plan on Thursday, December 11th that allows the company to buyback $2.25 million in outstanding shares. This buyback authorization allows the company to purchase up to 0.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

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.