Detalus Advisors LLC Sells 68,558 Shares of Byline Bancorp, Inc. (NYSE:BY)

Detalus Advisors LLC cut its position in shares of Byline Bancorp, Inc. (NYSE:BY) by 23.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 222,552 shares of the company’s stock after selling 68,558 shares during the period. Byline Bancorp accounts for 2.0% of Detalus Advisors LLC’s holdings, making the stock its 10th biggest position. Detalus Advisors LLC’s holdings in Byline Bancorp were worth $5,958,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BY. Dimensional Fund Advisors LP grew its position 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 last quarter. American Century Companies Inc. lifted its holdings in 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 purchasing an additional 87,796 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Byline Bancorp by 3.4% during the first quarter. Vanguard Group Inc. now owns 1,551,552 shares of the company’s stock worth $33,700,000 after buying an additional 51,682 shares in the last quarter. Inspire Investing LLC grew its holdings in shares of Byline Bancorp by 196.7% during the second quarter. Inspire Investing LLC now owns 49,169 shares of the company’s stock worth $1,167,000 after buying an additional 32,599 shares in the last quarter. Finally, Quattro Financial Advisors LLC grew its stake in Byline Bancorp by 124,900.0% in the 1st quarter. Quattro Financial Advisors LLC now owns 30,000 shares of the company’s stock worth $652,000 after acquiring an additional 29,976 shares during the period. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on BY. Keefe, Bruyette & Woods increased their price target on Byline Bancorp from $25.00 to $29.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. Stephens increased their target price on Byline Bancorp from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Finally, Piper Sandler restated an “overweight” rating and issued a $34.00 price target (up previously from $27.00) on shares of Byline Bancorp in a report on Wednesday, July 31st.

Insider Buying and Selling

In other news, insider Brogan Ptacin sold 11,812 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $27.65, for a total value of $326,601.80. Following the transaction, the insider now owns 25,588 shares of the company’s stock, valued at approximately $707,508.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Brogan Ptacin sold 11,812 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $27.65, for a total transaction of $326,601.80. Following the transaction, the insider now directly owns 25,588 shares of the company’s stock, valued at approximately $707,508.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Pamela C. Stewart purchased 3,850 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were purchased at an average cost of $25.99 per share, with a total value of $100,061.50. Following the completion of the acquisition, the director now owns 6,336 shares in the company, valued at approximately $164,672.64. This represents a 100.00 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 40,309 shares of company stock valued at $1,131,254. 30.06% of the stock is currently owned by corporate insiders.

Byline Bancorp Stock Up 0.5 %

Shares of BY stock traded up $0.12 on Wednesday, reaching $26.71. 32,818 shares of the stock were exchanged, compared to its average volume of 131,152. The stock has a market cap of $1.18 billion, a P/E ratio of 9.74 and a beta of 1.12. The firm has a 50 day moving average of $26.46 and a two-hundred day moving average of $24.67. Byline Bancorp, Inc. has a 1-year low of $18.39 and a 1-year high of $29.49.

Byline Bancorp (NYSE:BY) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05. The firm had revenue of $154.41 million during the quarter, compared to the consensus estimate of $99.25 million. Byline Bancorp had a return on equity of 12.69% and a net margin of 19.42%. During the same quarter in the previous year, the business earned $0.73 earnings per share. On average, equities research analysts predict that Byline Bancorp, Inc. will post 2.67 EPS for the current fiscal year.

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.