Rosenthal Henry Capital Advisors Inc. Makes New $1.01 Million Investment in Byline Bancorp, Inc. (NYSE:BY)

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

A number of other institutional investors have also recently modified their holdings of the stock. SG Americas Securities LLC raised its position in Byline Bancorp by 39.9% during the fourth quarter. SG Americas Securities LLC now owns 13,767 shares of the company’s stock valued at $399,000 after purchasing an additional 3,926 shares in the last quarter. JPMorgan Chase & Co. increased its position in Byline Bancorp by 71.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 557,242 shares of the company’s stock worth $14,917,000 after purchasing an additional 232,530 shares in the last quarter. Principal Financial Group Inc. increased its position in Byline Bancorp by 21.4% during the 3rd quarter. Principal Financial Group Inc. now owns 20,164 shares of the company’s stock worth $540,000 after purchasing an additional 3,550 shares in the last quarter. Barclays PLC lifted its stake in shares of Byline Bancorp by 48.3% in the 3rd quarter. Barclays PLC now owns 58,874 shares of the company’s stock valued at $1,577,000 after acquiring an additional 19,187 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in Byline Bancorp by 49.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,770 shares of the company’s stock worth $342,000 after acquiring an additional 4,200 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Piper Sandler reiterated an “overweight” rating and issued a $34.00 target price on shares of Byline Bancorp in a research report on Tuesday, October 29th. Stephens raised their target price on Byline Bancorp from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods raised their price target on shares of Byline Bancorp from $29.00 to $33.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Hovde Group upped their price objective on shares of Byline Bancorp from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, January 27th.

Byline Bancorp Price Performance

BY stock opened at $29.33 on Monday. The company’s 50-day moving average is $29.57 and its 200-day moving average is $28.12. The stock has a market capitalization of $1.30 billion, a PE ratio of 10.63 and a beta of 1.15. 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 for the quarter, topping the consensus estimate of $0.61 by $0.08. Byline Bancorp had a net margin of 19.33% and a return on equity of 11.61%. On average, analysts anticipate that Byline Bancorp, Inc. will post 2.58 earnings per share for the current fiscal year.

Byline Bancorp declared that its board has authorized a share repurchase plan on Thursday, December 5th that permits the company to buyback 1,250,000 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Byline Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Tuesday, February 4th. This is a positive change from Byline Bancorp’s previous quarterly dividend of $0.09. Byline Bancorp’s dividend payout ratio (DPR) is currently 14.49%.

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.