Citadel Advisors LLC acquired a new stake in shares of Byline Bancorp (NYSE:BY) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,101 shares of the company’s stock, valued at approximately $255,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American International Group Inc. bought a new stake in Byline Bancorp in the fourth quarter valued at $102,000. The Manufacturers Life Insurance Company grew its position in Byline Bancorp by 870.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 6,308 shares of the company’s stock valued at $145,000 after acquiring an additional 5,658 shares during the period. Wells Fargo & Company MN grew its position in Byline Bancorp by 2,180.7% in the fourth quarter. Wells Fargo & Company MN now owns 9,328 shares of the company’s stock valued at $214,000 after acquiring an additional 8,919 shares during the period. California State Teachers Retirement System bought a new stake in Byline Bancorp in the third quarter valued at $227,000. Finally, Bank of New York Mellon Corp bought a new stake in Byline Bancorp in the third quarter valued at $313,000. Institutional investors and hedge funds own 27.23% of the company’s stock.
Byline Bancorp stock opened at $23.50 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.52. Byline Bancorp has a one year low of $19.02 and a one year high of $24.80.
Byline Bancorp (NYSE:BY) last posted its quarterly earnings data on Thursday, January 25th. The company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The business had revenue of $44.79 million during the quarter, compared to analyst estimates of $44.90 million. analysts anticipate that Byline Bancorp will post 1.24 EPS for the current year.
In other Byline Bancorp news, EVP Donald J. Meyer sold 27,500 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $22.10, for a total value of $607,750.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Bruce W. Lammers sold 5,000 shares of the business’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $23.50, for a total value of $117,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 70,686 shares of company stock worth $1,590,875.
BY has been the topic of a number of analyst reports. Zacks Investment Research upgraded Byline Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Keefe, Bruyette & Woods upgraded Byline Bancorp from a “market perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research report on Wednesday, November 29th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $24.90.
COPYRIGHT VIOLATION WARNING: This story was originally posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this story on another site, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this story can be viewed at https://www.thelincolnianonline.com/2018/03/22/citadel-advisors-llc-takes-255000-position-in-byline-bancorp-inc-by.html.
About Byline Bancorp
Byline Bancorp, Inc operates as the bank holding company for Byline Bank that provides banking products and services to small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the United States. It offers non-interest bearing accounts, interest-bearing demand products, savings accounts, money market accounts, negotiable order of withdrawal accounts, and time deposits, as well as certificates of deposit.
Receive News & Ratings for Byline Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Byline Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.