Northern Trust Corp Trims Holdings in Byline Bancorp Inc (NYSE:BY)

Northern Trust Corp cut its stake in Byline Bancorp Inc (NYSE:BY) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 188,964 shares of the company’s stock after selling 2,050 shares during the quarter. Northern Trust Corp owned about 0.50% of Byline Bancorp worth $3,613,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Context BH Capital Management LP boosted its stake in Byline Bancorp by 1.9% during the second quarter. Context BH Capital Management LP now owns 31,987 shares of the company’s stock valued at $612,000 after buying an additional 600 shares during the period. First Trust Advisors LP boosted its stake in Byline Bancorp by 3.9% during the second quarter. First Trust Advisors LP now owns 29,598 shares of the company’s stock valued at $566,000 after buying an additional 1,110 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Byline Bancorp by 57.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,293 shares of the company’s stock valued at $63,000 after buying an additional 1,199 shares during the period. Bank of Montreal Can boosted 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 valued at $194,000 after buying an additional 1,954 shares during the period. Finally, Strs Ohio boosted its stake in Byline Bancorp by 7.3% during the second quarter. Strs Ohio now owns 33,600 shares of the company’s stock valued at $642,000 after buying an additional 2,300 shares during the period. Institutional investors own 32.18% of the company’s stock.

Shares of BY stock opened at $17.74 on Friday. 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 business has a 50-day moving average price of $17.70 and a two-hundred day moving average price of $18.57. Byline Bancorp Inc has a 12-month low of $15.39 and a 12-month high of $22.25. The firm has a market cap of $676.25 million, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 1.09 and a beta of 1.06.

Byline Bancorp (NYSE:BY) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Byline Bancorp had a return on equity of 9.44% and a net margin of 18.92%. The firm had revenue of $68.63 million during the quarter, compared to analyst estimates of $66.85 million. As a group, research analysts expect that Byline Bancorp Inc will post 1.6 EPS for the current fiscal year.

In other Byline Bancorp news, insider Brogan Ptacin sold 5,500 shares of Byline Bancorp stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $17.33, for a total transaction of $95,315.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 39.21% of the company’s stock.

Several research firms recently issued reports on BY. Piper Jaffray Companies dropped their price objective on Byline Bancorp from $23.50 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, September 25th. ValuEngine raised Byline Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research raised Byline Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Byline Bancorp has a consensus rating of “Hold” and a consensus price target of $21.00.

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

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