Denali Advisors LLC Has $2.39 Million Stock Holdings in Byline Bancorp, Inc. $BY

Denali Advisors LLC grew its position in Byline Bancorp, Inc. (NYSE:BY) by 156.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 89,286 shares of the company’s stock after acquiring an additional 54,467 shares during the period. Denali Advisors LLC owned 0.19% of Byline Bancorp worth $2,387,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of BY. GAMMA Investing LLC lifted its stake in shares of Byline Bancorp by 1,726.4% in the 1st quarter. GAMMA Investing LLC now owns 1,936 shares of the company’s stock valued at $51,000 after acquiring an additional 1,830 shares during the last quarter. Farther Finance Advisors LLC bought a new position in shares of Byline Bancorp in the 2nd quarter valued at $64,000. CWM LLC lifted its stake in shares of Byline Bancorp by 59.5% in the 2nd quarter. CWM LLC now owns 3,650 shares of the company’s stock valued at $98,000 after acquiring an additional 1,362 shares during the last quarter. Blair William & Co. IL bought a new position in shares of Byline Bancorp in the 2nd quarter valued at $206,000. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Byline Bancorp by 5.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,856 shares of the company’s stock valued at $263,000 after acquiring an additional 552 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Byline Bancorp

In other news, insider Dana Rose sold 1,999 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $28.76, for a total value of $57,491.24. Following the transaction, the insider owned 10,192 shares in the company, valued at $293,121.92. The trade was a 16.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 28.79% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Byline Bancorp in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.25.

Byline Bancorp Stock Up 0.5%

Shares of NYSE:BY opened at $26.99 on Wednesday. The firm has a market cap of $1.24 billion, a P/E ratio of 10.07 and a beta of 0.86. Byline Bancorp, Inc. has a 12-month low of $22.63 and a 12-month high of $32.89. The business has a fifty day simple moving average of $28.07 and a 200 day simple moving average of $26.81.

Byline Bancorp (NYSE:BY) last issued its quarterly earnings results on Monday, June 6th. The company reported $0.57 earnings per share for the quarter. The firm had revenue of $72.38 million during the quarter. Byline Bancorp had a return on equity of 10.98% and a net margin of 19.03%. As a group, equities research analysts expect that Byline Bancorp, Inc. will post 2.6 EPS for the current year.

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.