34,900 Shares in Byline Bancorp, Inc. (NYSE:BY) Acquired by Rosenthal Henry Capital Advisors Inc.

Rosenthal Henry Capital Advisors Inc. purchased a new stake in Byline Bancorp, Inc. (NYSE:BY) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 34,900 shares of the company’s stock, valued at approximately $1,012,000. Rosenthal Henry Capital Advisors Inc. owned about 0.08% of Byline Bancorp as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BY. AQR Capital Management LLC increased its stake in shares of Byline Bancorp by 37.5% in the 2nd quarter. AQR Capital Management LLC now owns 104,247 shares of the company’s stock valued at $2,475,000 after acquiring an additional 28,421 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Byline Bancorp by 19.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,403 shares of the company’s stock worth $294,000 after buying an additional 2,023 shares during the period. Creative Planning lifted its holdings in Byline Bancorp by 79.7% during the second quarter. Creative Planning now owns 17,958 shares of the company’s stock worth $426,000 after acquiring an additional 7,966 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Byline Bancorp in the second quarter valued at about $26,000. Finally, SG Americas Securities LLC bought a new stake in Byline Bancorp during the 3rd quarter worth approximately $263,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BY has been the topic of a number of research analyst reports. Piper Sandler restated an “overweight” rating and set a $34.00 price objective on shares of Byline Bancorp in a report on Tuesday, October 29th. Hovde Group upped their price target on Byline Bancorp from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods lifted 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. Finally, Stephens increased their price objective on shares of Byline Bancorp from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th.

Byline Bancorp Trading Down 0.7 %

Shares of BY opened at $29.33 on Monday. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 10.63 and a beta of 1.15. The company’s fifty day simple moving average is $29.57 and its 200 day simple moving average is $28.12. Byline Bancorp, Inc. has a 1-year low of $19.70 and a 1-year high of $32.89.

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

Byline Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 4th will be issued a $0.10 dividend. 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%. The ex-dividend date is Tuesday, February 4th. Byline Bancorp’s dividend payout ratio is currently 14.49%.

Byline Bancorp announced that its board has authorized a stock buyback program on Thursday, December 5th that permits the company to buyback 1,250,000 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is 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.