Curi RMB Capital LLC Has $4.14 Million Stock Position in Byline Bancorp, Inc. (NYSE:BY)

Curi RMB Capital LLC decreased its stake in shares of Byline Bancorp, Inc. (NYSE:BY) by 47.3% during the 3rd 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 owned about 0.35% of Byline Bancorp worth $4,138,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of Byline Bancorp by 21.4% in the 3rd quarter. Principal Financial Group Inc. now owns 20,164 shares of the company’s stock valued at $540,000 after purchasing an additional 3,550 shares during the period. Chicago Partners Investment Group LLC boosted its stake in shares of Byline Bancorp by 8.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 7,934 shares of the company’s stock worth $212,000 after acquiring an additional 619 shares during the period. US Bancorp DE increased its holdings in shares of Byline Bancorp by 995.8% during the 3rd quarter. US Bancorp DE now owns 4,646 shares of the company’s stock worth $124,000 after acquiring an additional 4,222 shares during the last quarter. Fiducient Advisors LLC bought a new stake in Byline Bancorp in the 3rd quarter valued at $1,730,000. Finally, New York State Teachers Retirement System lifted its holdings in Byline Bancorp by 25.3% during the 3rd quarter. New York State Teachers Retirement System now owns 2,842 shares of the company’s stock valued at $76,000 after purchasing an additional 574 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BY has been the subject of a number of research reports. Keefe, Bruyette & Woods raised their target price on shares of Byline Bancorp from $25.00 to $29.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. 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. Finally, 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 note on Tuesday, July 30th.

Insider Activity

In related news, insider Brogan Ptacin sold 11,812 shares of Byline Bancorp 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 completion of the sale, the insider now owns 25,588 shares of the company’s stock, valued at approximately $707,508.20. This trade represents a 31.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 30.06% of the stock is owned by corporate insiders.

Byline Bancorp Trading Down 0.4 %

Shares of BY opened at $31.45 on Friday. The firm’s 50 day moving average is $27.10 and its 200-day moving average is $25.58. The stock has a market capitalization of $1.40 billion, a PE ratio of 11.44 and a beta of 1.12. Byline Bancorp, Inc. has a 12 month low of $19.70 and a 12 month high of $32.53.

Byline Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th will be issued 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 dividend payout ratio (DPR) 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.