Byline Bancorp, Inc. (NYSE:BY) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lowered its stake in shares of Byline Bancorp, Inc. (NYSE:BY) by 15.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,430 shares of the company’s stock after selling 1,205 shares during the period. Harbor Capital Advisors Inc.’s holdings in Byline Bancorp were worth $186,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in BY. PDT Partners LLC lifted its stake in shares of Byline Bancorp by 87.4% in the 3rd quarter. PDT Partners LLC now owns 37,074 shares of the company’s stock worth $992,000 after acquiring an additional 17,288 shares during the period. State Street Corp lifted its position in Byline Bancorp by 6.5% in the third quarter. State Street Corp now owns 845,405 shares of the company’s stock valued at $22,631,000 after purchasing an additional 51,603 shares during the period. JPMorgan Chase & Co. lifted its position in Byline Bancorp by 71.6% in the third quarter. JPMorgan Chase & Co. now owns 557,242 shares of the company’s stock valued at $14,917,000 after purchasing an additional 232,530 shares during the period. Barclays PLC boosted its holdings in Byline Bancorp by 48.3% in the 3rd quarter. Barclays PLC now owns 58,874 shares of the company’s stock valued at $1,577,000 after purchasing an additional 19,187 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Byline Bancorp by 21.4% during the 3rd quarter. Principal Financial Group Inc. now owns 20,164 shares of the company’s stock worth $540,000 after purchasing an additional 3,550 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Byline Bancorp Trading Up 2.3 %

Shares of BY opened at $28.33 on Thursday. Byline Bancorp, Inc. has a twelve month low of $19.70 and a twelve month high of $32.89. The firm has a market capitalization of $1.26 billion, a P/E ratio of 10.30 and a beta of 1.15. The firm’s 50-day moving average is $30.21 and its two-hundred day moving average is $27.75.

Byline Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Tuesday, November 5th. Byline Bancorp’s dividend payout ratio is currently 13.09%.

Byline Bancorp declared that its Board of Directors has initiated a stock repurchase program on Thursday, December 5th that permits the company to buyback 1,250,000 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have recently commented on BY shares. Piper Sandler reissued an “overweight” rating and issued a $34.00 price target on shares of Byline Bancorp in a report on Tuesday, October 29th. Keefe, Bruyette & Woods increased their price objective on Byline Bancorp from $29.00 to $33.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

Byline Bancorp Company Profile

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.