Federated Hermes Inc. Has $7.76 Million Stock Position in Byline Bancorp, Inc. (NYSE:BY)

Federated Hermes Inc. grew its stake in shares of Byline Bancorp, Inc. (NYSE:BY) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 329,217 shares of the company’s stock after purchasing an additional 6,720 shares during the quarter. Federated Hermes Inc. owned about 0.75% of Byline Bancorp worth $7,756,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP boosted its stake in shares of Byline Bancorp by 24.7% during the 3rd quarter. Quantbot Technologies LP now owns 3,831 shares of the company’s stock worth $76,000 after acquiring an additional 759 shares during the period. SG Americas Securities LLC bought a new position in shares of Byline Bancorp during the 4th quarter worth approximately $194,000. Arizona State Retirement System bought a new position in shares of Byline Bancorp during the 4th quarter worth approximately $201,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Byline Bancorp by 115.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,793 shares of the company’s stock worth $278,000 after acquiring an additional 6,307 shares during the period. Finally, Denali Advisors LLC boosted its stake in shares of Byline Bancorp by 135.9% during the 3rd quarter. Denali Advisors LLC now owns 15,100 shares of the company’s stock worth $298,000 after acquiring an additional 8,700 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Byline Bancorp Stock Performance

BY opened at $21.41 on Thursday. The business has a fifty day simple moving average of $20.80 and a 200 day simple moving average of $21.16. The company has a market capitalization of $950.15 million, a PE ratio of 8.02 and a beta of 1.14. Byline Bancorp, Inc. has a 1 year low of $16.40 and a 1 year high of $24.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.92 and a quick ratio of 0.91.

Byline Bancorp (NYSE:BY) last released its earnings results on Thursday, January 25th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.06. The firm had revenue of $100.79 million during the quarter, compared to the consensus estimate of $101.07 million. Byline Bancorp had a return on equity of 13.27% and a net margin of 20.13%. Research analysts expect that Byline Bancorp, Inc. will post 2.53 EPS for the current year.

Insider Activity

In related news, Director Valle Perochena Antonio Del bought 7,103 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was purchased at an average cost of $20.65 per share, for a total transaction of $146,676.95. Following the transaction, the director now owns 11,835,145 shares in the company, valued at approximately $244,395,744.25. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Valle Perochena Antonio Del bought 7,103 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was purchased at an average cost of $20.65 per share, for a total transaction of $146,676.95. Following the transaction, the director now owns 11,835,145 shares in the company, valued at approximately $244,395,744.25. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Alberto J. Paracchini sold 20,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $21.01, for a total value of $420,200.00. Following the sale, the president now owns 205,537 shares of the company’s stock, valued at $4,318,332.37. The disclosure for this sale can be found here. In the last three months, insiders purchased 10,585 shares of company stock worth $218,810 and sold 28,409 shares worth $598,238. Corporate insiders own 35.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BY. Stephens reduced their target price on Byline Bancorp from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 3rd. Piper Sandler boosted their price target on Byline Bancorp from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th.

Byline Bancorp Profile

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.