SG Americas Securities LLC Has $399,000 Position in Byline Bancorp, Inc. (NYSE:BY)

SG Americas Securities LLC boosted its position in Byline Bancorp, Inc. (NYSE:BY) by 39.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,767 shares of the company’s stock after buying an additional 3,926 shares during the quarter. SG Americas Securities LLC’s holdings in Byline Bancorp were worth $399,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of Byline Bancorp by 71.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 557,242 shares of the company’s stock valued at $14,917,000 after acquiring an additional 232,530 shares in the last quarter. Principal Financial Group Inc. boosted its position in Byline Bancorp by 21.4% during the third quarter. Principal Financial Group Inc. now owns 20,164 shares of the company’s stock valued at $540,000 after purchasing an additional 3,550 shares during the last quarter. Barclays PLC grew its stake in Byline Bancorp by 48.3% in the third quarter. Barclays PLC now owns 58,874 shares of the company’s stock valued at $1,577,000 after purchasing an additional 19,187 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Byline Bancorp by 49.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,770 shares of the company’s stock worth $342,000 after purchasing an additional 4,200 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Byline Bancorp by 21.0% during the 3rd quarter. Jane Street Group LLC now owns 36,209 shares of the company’s stock worth $969,000 after purchasing an additional 6,294 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BY shares. Stephens lifted their price target on Byline Bancorp from $33.00 to $34.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Piper Sandler reissued an “overweight” rating and set a $34.00 target price on shares of Byline Bancorp in a report on Tuesday, October 29th. Hovde Group increased their price target on Byline Bancorp from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Byline Bancorp from $29.00 to $33.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

Byline Bancorp Stock Down 0.7 %

Shares of BY stock opened at $29.33 on Monday. Byline Bancorp, Inc. has a twelve month low of $19.70 and a twelve month high of $32.89. The stock’s fifty day simple moving average is $29.57 and its 200 day simple moving average is $28.12. The firm has a market capitalization of $1.30 billion, a P/E ratio of 10.63 and a beta of 1.15.

Byline Bancorp (NYSE:BY) last posted its earnings results on Thursday, January 23rd. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.08. Byline Bancorp had a net margin of 19.33% and a return on equity of 11.61%. As a group, equities research analysts expect that Byline Bancorp, Inc. will post 2.58 EPS for the current fiscal year.

Byline Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, February 4th. This is a boost from Byline Bancorp’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 1.36%. Byline Bancorp’s dividend payout ratio is presently 14.49%.

Byline Bancorp declared that its board 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 repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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.