PDT Partners LLC Has $992,000 Holdings in Byline Bancorp, Inc. (NYSE:BY)

PDT Partners LLC lifted its holdings in shares of Byline Bancorp, Inc. (NYSE:BY) by 87.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,074 shares of the company’s stock after buying an additional 17,288 shares during the quarter. PDT Partners LLC owned about 0.08% of Byline Bancorp worth $992,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its holdings in Byline Bancorp by 89.9% during the third quarter. BNP Paribas Financial Markets now owns 13,093 shares of the company’s stock worth $350,000 after buying an additional 6,198 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Byline Bancorp in the 3rd quarter valued at $127,000. FMR LLC increased its position in shares of Byline Bancorp by 7.3% in the 3rd quarter. FMR LLC now owns 1,035,844 shares of the company’s stock valued at $27,730,000 after buying an additional 70,863 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Byline Bancorp by 22.5% in the third quarter. The Manufacturers Life Insurance Company now owns 15,198 shares of the company’s stock valued at $407,000 after acquiring an additional 2,795 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Byline Bancorp by 6.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 75,256 shares of the company’s stock worth $2,015,000 after purchasing an additional 4,476 shares during the period. 67.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Piper Sandler reiterated an “overweight” rating and issued a $34.00 price objective on shares of Byline Bancorp in a report on Tuesday, October 29th.

Byline Bancorp Stock Down 0.3 %

BY stock opened at $31.42 on Monday. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 11.43 and a beta of 1.12. Byline Bancorp, Inc. has a twelve month low of $19.70 and a twelve month high of $32.89. The business has a 50 day moving average price of $28.17 and a two-hundred day moving average price of $26.25.

Byline Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.36 dividend on an annualized basis and a yield of 1.15%. Byline Bancorp’s payout ratio is 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.