Cutler Capital Management LLC acquired a new stake in shares of Byline Bancorp Inc (NYSE:BY) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 28,400 shares of the company’s stock, valued at approximately $652,000. Cutler Capital Management LLC owned 0.10% of Byline Bancorp at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of BY. Jennison Associates LLC boosted its holdings in shares of Byline Bancorp by 11.8% during the 3rd quarter. Jennison Associates LLC now owns 633,215 shares of the company’s stock valued at $13,462,000 after buying an additional 67,035 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in Byline Bancorp in the 2nd quarter worth about $571,000. Bank of New York Mellon Corp bought a new position in Byline Bancorp in the 3rd quarter worth about $313,000. Eagle Boston Investment Management Inc. bought a new position in Byline Bancorp in the 3rd quarter worth about $4,511,000. Finally, Boston Partners bought a new position in Byline Bancorp in the 3rd quarter worth about $2,094,000. 23.97% of the stock is currently owned by institutional investors and hedge funds.
In other Byline Bancorp news, EVP Donald J. Meyer sold 30,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $22.51, for a total value of $675,300.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Donald J. Meyer sold 27,500 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $22.10, for a total transaction of $607,750.00. The disclosure for this sale can be found here.
A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $21.00 target price on shares of Byline Bancorp in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Byline Bancorp from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Friday, January 12th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $24.90.
Byline Bancorp Inc (BY) opened at $22.90 on Friday. 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.
TRADEMARK VIOLATION NOTICE: This piece was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/02/24/cutler-capital-management-llc-acquires-new-position-in-byline-bancorp-inc-by.html.
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.
Receive News & Ratings for Byline Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Byline Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.