Curi RMB Capital LLC Sells 138,595 Shares of Byline Bancorp, Inc. (NYSE:BY)

Curi RMB Capital LLC reduced its holdings in Byline Bancorp, Inc. (NYSE:BY) by 47.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 154,577 shares of the company’s stock after selling 138,595 shares during the quarter. Curi RMB Capital LLC’s holdings in Byline Bancorp were worth $4,138,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its position in shares of Byline Bancorp by 22.6% in the 1st quarter. BNP Paribas Financial Markets now owns 13,351 shares of the company’s stock worth $290,000 after buying an additional 2,464 shares during the last quarter. Sei Investments Co. lifted its position in Byline Bancorp by 5.4% during the first quarter. Sei Investments Co. now owns 171,282 shares of the company’s stock valued at $3,720,000 after purchasing an additional 8,847 shares during the period. Entropy Technologies LP purchased a new stake in Byline Bancorp during the first quarter valued at $216,000. Vanguard Group Inc. boosted its holdings in shares of Byline Bancorp by 3.4% in 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 during the last quarter. Finally, Comerica Bank increased its stake in shares of Byline Bancorp by 17,066.0% in the 1st quarter. Comerica Bank now owns 8,583 shares of the company’s stock worth $186,000 after purchasing an additional 8,533 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Stephens upped their target price on shares of Byline Bancorp from $27.00 to $29.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Piper Sandler reissued an “overweight” rating and issued a $34.00 price objective on shares of Byline Bancorp in a research note on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods upped their target price on Byline Bancorp from $25.00 to $29.00 and gave the stock a “market perform” rating in a report on Monday, July 29th.

Insider Activity

In related news, insider Brogan Ptacin sold 11,812 shares of Byline Bancorp stock in a transaction that occurred 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 completion of the transaction, the insider now owns 25,588 shares in the company, valued at $707,508.20. The trade was a 31.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 30.06% of the company’s stock.

Byline Bancorp Price Performance

Shares of NYSE:BY opened at $31.45 on Friday. Byline Bancorp, Inc. has a 1 year low of $19.70 and a 1 year high of $32.53. The business’s 50 day moving average price is $27.10 and its 200-day moving average price is $25.58. The firm has a market capitalization of $1.40 billion, a PE ratio of 11.44 and a beta of 1.12.

Byline Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Tuesday, November 5th. Byline Bancorp’s payout ratio is presently 13.09%.

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.