Barclays PLC Has $1.58 Million Stock Position in Byline Bancorp, Inc. (NYSE:BY)

Barclays PLC boosted its stake in Byline Bancorp, Inc. (NYSE:BY) by 48.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,874 shares of the company’s stock after purchasing an additional 19,187 shares during the quarter. Barclays PLC owned about 0.13% of Byline Bancorp worth $1,577,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp raised its position in shares of Byline Bancorp by 16.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 191,122 shares of the company’s stock valued at $4,537,000 after buying an additional 26,539 shares in the last quarter. Principal Financial Group Inc. raised its position in Byline Bancorp by 13.2% during the second quarter. Principal Financial Group Inc. now owns 16,614 shares of the company’s stock valued at $394,000 after purchasing an additional 1,932 shares in the last quarter. Rhumbline Advisers lifted its stake in Byline Bancorp by 23.1% during the second quarter. Rhumbline Advisers now owns 51,183 shares of the company’s stock worth $1,215,000 after purchasing an additional 9,599 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Byline Bancorp in the 2nd quarter valued at $61,000. Finally, American Century Companies Inc. increased its stake in shares of Byline Bancorp by 20.4% in the 2nd quarter. American Century Companies Inc. now owns 518,727 shares of the company’s stock valued at $12,315,000 after purchasing an additional 87,796 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

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

Byline Bancorp Stock Down 3.2 %

NYSE BY opened at $26.96 on Friday. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 9.80 and a beta of 1.15. Byline Bancorp, Inc. has a twelve month low of $19.70 and a twelve month high of $32.89. The business’s fifty day moving average is $30.19 and its 200 day moving average is $27.66.

Byline Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Tuesday, November 5th. Byline Bancorp’s payout ratio is 13.09%.

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

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.