American Century Companies Inc. acquired a new position in Byline Bancorp Inc (NYSE:BY) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 41,290 shares of the company’s stock, valued at approximately $948,000.
A number of other institutional investors have also recently bought and sold shares of BY. Jennison Associates LLC boosted its stake in Byline Bancorp by 35.1% in the 4th quarter. Jennison Associates LLC now owns 855,586 shares of the company’s stock worth $19,653,000 after purchasing an additional 222,371 shares during the period. Eagle Boston Investment Management Inc. acquired a new position in Byline Bancorp in the 3rd quarter worth approximately $4,511,000. Boston Partners acquired a new position in Byline Bancorp in the 3rd quarter worth approximately $2,094,000. Russell Investments Group Ltd. acquired a new stake in shares of Byline Bancorp during the 3rd quarter valued at $1,992,000. Finally, Emerald Mutual Fund Advisers Trust boosted its stake in shares of Byline Bancorp by 58.9% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 238,282 shares of the company’s stock valued at $5,066,000 after buying an additional 88,282 shares during the period. 23.97% of the stock is owned by hedge funds and other institutional investors.
Shares of Byline Bancorp Inc (BY) opened at $23.05 on Wednesday. Byline Bancorp Inc has a 52 week low of $19.02 and a 52 week high of $23.65. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.88 and a current ratio of 0.88.
In related news, EVP Donald J. Meyer sold 27,500 shares of Byline Bancorp stock in a transaction on Monday, February 5th. The shares were sold at an average price of $22.10, for a total value of $607,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Donald J. Meyer sold 30,000 shares of Byline Bancorp stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $22.51, for a total transaction of $675,300.00. The disclosure for this sale can be found here.
A number of brokerages have issued reports on BY. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Byline Bancorp in a research note on Friday, January 26th. Zacks Investment Research raised shares of Byline Bancorp from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Friday, January 12th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $24.90.
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About Byline Bancorp
Byline Bancorp, Inc is a bank holding company. The Company operates through its subsidiary, Byline Bank (the Bank). Byline Bank is a full service commercial bank. The Bank operates through 56 branches in the Chicago metropolitan area. The Bank offers a broad range of banking products and services to small and medium sized businesses, commercial real estate and financial sponsors, and to consumers.
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