Chicago Partners Investment Group LLC Acquires 619 Shares of Byline Bancorp, Inc. (NYSE:BY)

Chicago Partners Investment Group LLC increased its stake in Byline Bancorp, Inc. (NYSE:BY) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,934 shares of the company’s stock after purchasing an additional 619 shares during the period. Chicago Partners Investment Group LLC’s holdings in Byline Bancorp were worth $212,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. US Bancorp DE grew its stake in Byline Bancorp by 995.8% in the 3rd quarter. US Bancorp DE now owns 4,646 shares of the company’s stock worth $124,000 after buying an additional 4,222 shares in the last quarter. Fiducient Advisors LLC purchased a new position in Byline Bancorp in the third quarter worth $1,730,000. New York State Teachers Retirement System increased its stake in Byline Bancorp by 25.3% in the third quarter. New York State Teachers Retirement System now owns 2,842 shares of the company’s stock valued at $76,000 after acquiring an additional 574 shares during the last quarter. First American Bank purchased a new stake in Byline Bancorp during the third quarter valued at about $212,000. Finally, Assenagon Asset Management S.A. lifted its stake in Byline Bancorp by 48.7% during the third quarter. Assenagon Asset Management S.A. now owns 140,630 shares of the company’s stock worth $3,765,000 after purchasing an additional 46,052 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Byline Bancorp Price Performance

BY opened at $27.18 on Wednesday. Byline Bancorp, Inc. has a 1 year low of $19.25 and a 1 year high of $29.49. The stock’s 50 day simple moving average is $26.54 and its 200 day simple moving average is $25.14. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 9.88 and a beta of 1.12.

Byline Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th will be issued a dividend of $0.09 per share. The ex-dividend date is Tuesday, November 5th. This represents a $0.36 dividend on an annualized basis and a yield of 1.32%. Byline Bancorp’s dividend payout ratio is currently 13.09%.

Insider Buying and Selling at Byline Bancorp

In other Byline Bancorp news, insider Brogan Ptacin sold 11,812 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $27.65, for a total value of $326,601.80. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 30.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.