Byline Bancorp, Inc. (NYSE:BY) Stock Holdings Decreased by Mendon Capital Advisors Corp

Mendon Capital Advisors Corp lowered its holdings in shares of Byline Bancorp, Inc. (NYSE:BY) by 17.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 290,000 shares of the company’s stock after selling 60,000 shares during the quarter. Byline Bancorp accounts for 5.8% of Mendon Capital Advisors Corp’s portfolio, making the stock its 4th biggest holding. Mendon Capital Advisors Corp owned about 0.66% of Byline Bancorp worth $6,885,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of BY. Point72 Asset Management L.P. bought a new position in Byline Bancorp in the 2nd quarter worth about $26,000. CWM LLC boosted its holdings in shares of Byline Bancorp by 104.5% in the second quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $31,000 after purchasing an additional 676 shares during the period. Innealta Capital LLC bought a new position in Byline Bancorp in the second quarter worth approximately $48,000. Ashton Thomas Private Wealth LLC purchased a new position in Byline Bancorp during the 2nd quarter worth $61,000. Finally, nVerses Capital LLC purchased a new position in Byline Bancorp during the 2nd quarter worth $88,000. Institutional investors own 67.73% of the company’s stock.

Insider Activity at Byline Bancorp

In other Byline Bancorp news, insider Brogan Ptacin sold 11,812 shares of Byline Bancorp stock in a transaction on 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 directly owns 25,588 shares of the company’s stock, valued at $707,508.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider John Barkidjija sold 1,488 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $29.26, for a total transaction of $43,538.88. Following the transaction, the insider now directly owns 30,691 shares of the company’s stock, valued at approximately $898,018.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brogan Ptacin sold 11,812 shares of the 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 completion of the sale, the insider now owns 25,588 shares of the company’s stock, valued at $707,508.20. The disclosure for this sale can be found here. Insiders sold 40,309 shares of company stock valued at $1,131,254 over the last 90 days. Insiders own 30.06% of the company’s stock.

Byline Bancorp Trading Down 2.9 %

Shares of NYSE:BY opened at $25.99 on Wednesday. The company has a market capitalization of $1.15 billion, a PE ratio of 9.52 and a beta of 1.12. Byline Bancorp, Inc. has a 12-month low of $18.39 and a 12-month high of $29.49. The business’s fifty day simple moving average is $26.78 and its 200-day simple moving average is $24.09.

Byline Bancorp (NYSE:BY) last posted its earnings results on Thursday, July 25th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.05. The company had revenue of $154.41 million for the quarter, compared to analyst estimates of $99.25 million. Byline Bancorp had a return on equity of 12.69% and a net margin of 19.42%. During the same quarter in the previous year, the firm earned $0.73 earnings per share. Research analysts predict that Byline Bancorp, Inc. will post 2.67 EPS for the current year.

Byline Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, August 6th were paid a dividend of $0.09 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.36 annualized dividend and a dividend yield of 1.39%. Byline Bancorp’s dividend payout ratio (DPR) is presently 13.19%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods upped their target price on Byline Bancorp from $25.00 to $29.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. Stephens increased their target price 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. Finally, Piper Sandler reissued an “overweight” rating and set a $34.00 target price (up previously from $27.00) on shares of Byline Bancorp in a research report on Wednesday, July 31st.

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.