Byline Bancorp, Inc. (NYSE:BY) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. trimmed its holdings in shares of Byline Bancorp, Inc. (NYSE:BY) by 15.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,430 shares of the company’s stock after selling 1,205 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Byline Bancorp were worth $186,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in shares of Byline Bancorp by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,855,547 shares of the company’s stock valued at $44,049,000 after purchasing an additional 106,940 shares during the period. FMR LLC lifted its holdings in Byline Bancorp by 7.3% during the 3rd quarter. FMR LLC now owns 1,035,844 shares of the company’s stock worth $27,730,000 after buying an additional 70,863 shares during the last quarter. State Street Corp lifted its holdings in Byline Bancorp by 6.5% during the 3rd quarter. State Street Corp now owns 845,405 shares of the company’s stock worth $22,631,000 after buying an additional 51,603 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Byline Bancorp by 71.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 557,242 shares of the company’s stock worth $14,917,000 after acquiring an additional 232,530 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings 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 acquiring an additional 87,796 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Byline Bancorp Stock Performance

BY opened at $28.33 on Thursday. Byline Bancorp, Inc. has a one year low of $19.70 and a one year high of $32.89. The stock has a market capitalization of $1.26 billion, a P/E ratio of 10.30 and a beta of 1.15. The business’s 50-day simple moving average is $30.21 and its 200-day simple moving average is $27.75.

Byline Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Tuesday, November 5th. Byline Bancorp’s dividend payout ratio is currently 13.09%.

Byline Bancorp declared that its Board of Directors has initiated a share repurchase program on Thursday, December 5th that allows the company to buyback 1,250,000 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management 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.