Cutler Capital Management LLC Acquires New Stake in Byline Bancorp Inc (BY)

Cutler Capital Management LLC purchased a new position in Byline Bancorp Inc (NYSE:BY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 28,400 shares of the company’s stock, valued at approximately $652,000. Cutler Capital Management LLC owned 0.10% of Byline Bancorp as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. California State Teachers Retirement System bought a new stake in Byline Bancorp during the 3rd quarter valued at $227,000. Bank of New York Mellon Corp bought a new stake in Byline Bancorp during the 3rd quarter valued at $313,000. Balyasny Asset Management LLC bought a new stake in Byline Bancorp during the 2nd quarter valued at $341,000. Sei Investments Co. bought a new stake in shares of Byline Bancorp in the 3rd quarter worth $478,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in shares of Byline Bancorp in the 3rd quarter worth $516,000. Hedge funds and other institutional investors own 24.61% of the company’s stock.

In other Byline Bancorp news, EVP Donald J. Meyer sold 27,500 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $22.10, for a total transaction of $607,750.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Donald J. Meyer sold 30,000 shares of the company’s stock in a transaction dated 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.

Several research firms have recently issued reports on BY. Keefe, Bruyette & Woods reiterated 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 price target on the stock in a report on Friday, January 12th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $24.90.

Shares of Byline Bancorp Inc (BY) traded down $0.01 during trading hours on Friday, hitting $22.41. 43,306 shares of the company were exchanged, compared to its average volume of 48,030. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.52. Byline Bancorp Inc has a 52 week low of $19.02 and a 52 week high of $23.65.

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Byline Bancorp Profile

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.

Institutional Ownership by Quarter for Byline Bancorp (NYSE:BY)

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