Maltese Capital Management LLC Purchases 50,000 Shares of Byline Bancorp, Inc. $BY

Maltese Capital Management LLC boosted its position in shares of Byline Bancorp, Inc. (NYSE:BY) by 23.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 265,000 shares of the company’s stock after acquiring an additional 50,000 shares during the period. Byline Bancorp accounts for 1.4% of Maltese Capital Management LLC’s investment portfolio, making the stock its 25th biggest holding. Maltese Capital Management LLC owned approximately 0.58% of Byline Bancorp worth $7,725,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in Byline Bancorp by 34.4% in the first quarter. AQR Capital Management LLC now owns 137,998 shares of the company’s stock worth $3,610,000 after purchasing an additional 35,324 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Byline Bancorp by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,491 shares of the company’s stock worth $484,000 after buying an additional 770 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Byline Bancorp by 7.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,245 shares of the company’s stock valued at $1,995,000 after buying an additional 5,213 shares during the last quarter. Jane Street Group LLC boosted its position in Byline Bancorp by 71.0% in the 1st quarter. Jane Street Group LLC now owns 152,478 shares of the company’s stock valued at $3,989,000 after buying an additional 63,317 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Byline Bancorp by 2.5% in the 2nd quarter. Legal & General Group Plc now owns 29,577 shares of the company’s stock valued at $791,000 after buying an additional 712 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Byline Bancorp Price Performance

BY opened at $35.02 on Tuesday. The company’s 50-day moving average is $33.16 and its 200 day moving average is $31.68. Byline Bancorp, Inc. has a fifty-two week low of $24.75 and a fifty-two week high of $35.84. The firm has a market capitalization of $1.59 billion, a P/E ratio of 11.41 and a beta of 0.75.

Byline Bancorp (NYSE:BY) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.74 by $0.09. The business had revenue of $112.40 million for the quarter, compared to the consensus estimate of $113.89 million. Byline Bancorp had a net margin of 21.86% and a return on equity of 11.56%. On average, equities research analysts expect that Byline Bancorp, Inc. will post 3.28 earnings per share for the current year.

Byline Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 5th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, May 5th. This represents a $0.48 annualized dividend and a dividend yield of 1.4%. Byline Bancorp’s dividend payout ratio (DPR) is 15.64%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BY shares. Weiss Ratings restated a “buy (b)” rating on shares of Byline Bancorp in a report on Wednesday, May 13th. Piper Sandler boosted their price target on Byline Bancorp from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Finally, Zacks Research cut Byline Bancorp from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.00.

About Byline Bancorp

Byline Bancorp, Inc is the bank holding company for Byline Bank, a full-service commercial bank headquartered in Chicago, Illinois. Established under its current name in 2016, the company operates as a community-focused financial institution offering a broad array of banking products and services to corporate, professional and consumer clients.

On the commercial banking side, Byline Bancorp serves small and midsize businesses, real estate developers, professional services firms and nonprofit organizations.