Byline Bancorp, Inc. (NYSE:BY) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC trimmed its holdings in Byline Bancorp, Inc. (NYSE:BY) by 54.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,579 shares of the company’s stock after selling 20,739 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Byline Bancorp were worth $417,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of BY. Point72 Asset Management L.P. purchased a new position in Byline Bancorp in the 2nd quarter worth approximately $26,000. CWM LLC raised its position in shares of Byline Bancorp by 104.5% during the 2nd quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $31,000 after buying an additional 676 shares during the period. Innealta Capital LLC purchased a new stake in shares of Byline Bancorp during the 2nd quarter valued at approximately $48,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Byline Bancorp during the 2nd quarter valued at approximately $61,000. Finally, nVerses Capital LLC purchased a new stake in shares of Byline Bancorp during the 2nd quarter valued at approximately $88,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on BY. Keefe, Bruyette & Woods boosted their target price 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. Stephens boosted their price target on shares of Byline Bancorp from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Finally, Piper Sandler reiterated an “overweight” rating and set a $34.00 target price (up previously from $27.00) on shares of Byline Bancorp in a research note on Wednesday, July 31st.

Insider Activity

In other news, insider John Barkidjija sold 1,488 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $29.26, for a total value of $43,538.88. Following the completion of the sale, the insider now directly owns 30,691 shares of the company’s stock, valued at approximately $898,018.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, 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 transaction of $326,601.80. Following the completion of the transaction, the insider now directly owns 25,588 shares of the company’s stock, valued at $707,508.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider John Barkidjija sold 1,488 shares of the 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 $898,018.66. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,309 shares of company stock valued at $1,131,254. Insiders own 30.06% of the company’s stock.

Byline Bancorp Trading Up 3.4 %

Shares of BY stock opened at $25.95 on Monday. Byline Bancorp, Inc. has a 12 month low of $18.39 and a 12 month high of $29.49. The company has a market cap of $1.15 billion, a P/E ratio of 9.51 and a beta of 1.12. The firm has a fifty day moving average price of $26.32 and a 200 day moving average price of $24.40.

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

Byline Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 6th were issued a $0.09 dividend. The ex-dividend date was Tuesday, August 6th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.39%. Byline Bancorp’s payout ratio is 13.19%.

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.