RMB Capital Management LLC trimmed its holdings in shares of Byline Bancorp Inc (NYSE:BY) by 47.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 367,880 shares of the company’s stock after selling 334,301 shares during the quarter. RMB Capital Management LLC owned about 0.97% of Byline Bancorp worth $7,034,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of BY. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Byline Bancorp during the first quarter worth about $39,000. BNP Paribas Arbitrage SA lifted its stake in Byline Bancorp by 437.9% during the first quarter. BNP Paribas Arbitrage SA now owns 3,394 shares of the company’s stock worth $63,000 after purchasing an additional 2,763 shares during the last quarter. SG Americas Securities LLC bought a new stake in Byline Bancorp during the first quarter worth about $102,000. JPMorgan Chase & Co. lifted its stake in Byline Bancorp by 85.9% during the second quarter. JPMorgan Chase & Co. now owns 7,392 shares of the company’s stock worth $141,000 after purchasing an additional 3,415 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in Byline Bancorp by 23.8% during the second quarter. Bank of Montreal Can now owns 10,156 shares of the company’s stock worth $194,000 after purchasing an additional 1,954 shares during the last quarter. Institutional investors and hedge funds own 32.19% of the company’s stock.
In other news, insider Brogan Ptacin sold 5,500 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $17.33, for a total value of $95,315.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 39.21% of the company’s stock.
Shares of NYSE BY traded up $0.27 during midday trading on Friday, reaching $18.83. The company had a trading volume of 102,478 shares, compared to its average volume of 63,397. Byline Bancorp Inc has a one year low of $15.39 and a one year high of $24.13. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.71. The firm’s fifty day moving average price is $17.56 and its 200-day moving average price is $18.78. The stock has a market cap of $697.50 million, a PE ratio of 15.96, a price-to-earnings-growth ratio of 1.14 and a beta of 1.05.
Byline Bancorp (NYSE:BY) last released its earnings results on Thursday, July 25th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Byline Bancorp had a return on equity of 9.44% and a net margin of 18.92%. The company had revenue of $68.63 million during the quarter, compared to analyst estimates of $66.85 million. As a group, equities research analysts expect that Byline Bancorp Inc will post 1.6 EPS for the current year.
Separately, Zacks Investment Research raised Byline Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 31st.
Byline Bancorp Profile
Byline Bancorp, Inc operates as the bank holding company for Byline Bank that provides a range of banking products and services to small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the United States. It offers non-interest bearing accounts, money market demand accounts, savings accounts, interest bearing checking accounts, and time deposits, as well as certificates of deposit.
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