Curi RMB Capital LLC Reduces Holdings in Byline Bancorp, Inc. (NYSE:BY)

Curi RMB Capital LLC reduced its stake in Byline Bancorp, Inc. (NYSE:BY) by 17.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 128,172 shares of the company’s stock after selling 26,405 shares during the quarter. Curi RMB Capital LLC’s holdings in Byline Bancorp were worth $3,717,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in Byline Bancorp by 4.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,129,208 shares of the company’s stock valued at $61,747,000 after purchasing an additional 94,849 shares during the last quarter. First Trust Advisors LP purchased a new stake in Byline Bancorp in the fourth quarter valued at approximately $3,609,000. Banc Funds Co. LLC boosted its holdings in shares of Byline Bancorp by 21.4% in the 4th quarter. Banc Funds Co. LLC now owns 117,612 shares of the company’s stock valued at $3,411,000 after acquiring an additional 20,722 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Byline Bancorp in the fourth quarter worth $299,000. Finally, Barclays PLC raised its holdings in shares of Byline Bancorp by 7.0% during the fourth quarter. Barclays PLC now owns 62,970 shares of the company’s stock worth $1,826,000 after purchasing an additional 4,096 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Byline Bancorp

In related news, insider Thomas Abraham sold 6,658 shares of Byline Bancorp stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $28.86, for a total value of $192,149.88. Following the sale, the insider now directly owns 62,282 shares in the company, valued at approximately $1,797,458.52. The trade was a 9.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 30.06% of the stock is owned by corporate insiders.

Byline Bancorp Stock Performance

BY stock opened at $24.16 on Friday. Byline Bancorp, Inc. has a one year low of $20.64 and a one year high of $32.89. The firm’s fifty day moving average is $26.58 and its 200 day moving average is $28.14. The firm has a market cap of $1.08 billion, a PE ratio of 8.75 and a beta of 0.90.

Byline Bancorp (NYSE:BY) last posted its earnings results on Thursday, January 23rd. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.08. Byline Bancorp had a return on equity of 11.61% and a net margin of 19.33%. Research analysts predict that Byline Bancorp, Inc. will post 2.6 earnings per share for the current fiscal year.

Byline Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th were given a dividend of $0.10 per share. This is a positive change from Byline Bancorp’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.66%. Byline Bancorp’s dividend payout ratio (DPR) is 14.49%.

Analyst Ratings Changes

Several equities research analysts have commented on BY shares. Hovde Group upped their price target on shares of Byline Bancorp from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, January 27th. Stephens lifted their price target on Byline Bancorp from $33.00 to $34.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 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.