Harbor Capital Advisors Inc. Has $204,000 Holdings in Byline Bancorp, Inc. (NYSE:BY)

Harbor Capital Advisors Inc. lowered its position in Byline Bancorp, Inc. (NYSE:BY) by 8.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 7,635 shares of the company’s stock after selling 698 shares during the period. Harbor Capital Advisors Inc.’s holdings in Byline Bancorp were worth $204,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Byline Bancorp by 3.4% during the first quarter. Vanguard Group Inc. now owns 1,551,552 shares of the company’s stock worth $33,700,000 after purchasing an additional 51,682 shares during the period. Bank of New York Mellon Corp grew its position in shares of Byline Bancorp by 16.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 191,122 shares of the company’s stock worth $4,537,000 after buying an additional 26,539 shares during the period. Bailard Inc. increased its stake in shares of Byline Bancorp by 72.3% in the 2nd quarter. Bailard Inc. now owns 19,300 shares of the company’s stock valued at $458,000 after acquiring an additional 8,100 shares in the last quarter. Fiducient Advisors LLC bought a new stake in shares of Byline Bancorp in the 3rd quarter valued at $1,730,000. Finally, Entropy Technologies LP acquired a new position in shares of Byline Bancorp during the 1st quarter valued at $216,000. 67.73% of the stock is owned by institutional investors.

Byline Bancorp Trading Down 4.2 %

Shares of BY stock opened at $30.35 on Friday. The firm has a fifty day simple moving average of $26.68 and a two-hundred day simple moving average of $25.22. Byline Bancorp, Inc. has a 12 month low of $19.25 and a 12 month high of $31.81. The firm has a market capitalization of $1.35 billion, a PE ratio of 11.04 and a beta of 1.12.

Byline Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Tuesday, November 5th. Byline Bancorp’s payout ratio is presently 13.09%.

Insider Buying and Selling

In other Byline Bancorp news, insider Brogan Ptacin sold 11,812 shares of Byline Bancorp stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $27.65, for a total transaction of $326,601.80. Following the completion of the transaction, the insider now owns 25,588 shares in the company, valued at approximately $707,508.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 30.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on BY shares. Keefe, Bruyette & Woods raised their price target on shares of Byline Bancorp from $25.00 to $29.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. Stephens raised their target price on Byline Bancorp from $27.00 to $29.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $34.00 price target on shares of Byline Bancorp in a research note on Tuesday, October 29th.

About Byline Bancorp

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.