Cutler Capital Management LLC Acquires Shares of 28,400 Byline Bancorp Inc (BY)

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.

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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.

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

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