Two Sigma Investments LP Invests $222,000 in Byline Bancorp Inc (BY)

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Two Sigma Investments LP acquired a new stake in shares of Byline Bancorp Inc (NYSE:BY) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 13,351 shares of the company’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mendon Capital Advisors Corp increased its position in shares of Byline Bancorp by 35.7% in the 4th quarter. Mendon Capital Advisors Corp now owns 859,365 shares of the company’s stock valued at $14,317,000 after purchasing an additional 225,898 shares during the last quarter. Geode Capital Management LLC raised its position in Byline Bancorp by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 172,240 shares of the company’s stock worth $2,869,000 after buying an additional 9,427 shares during the last quarter. Brown Advisory Inc. purchased a new position in Byline Bancorp during the 4th quarter worth $179,000. Great West Life Assurance Co. Can purchased a new position in Byline Bancorp during the 4th quarter worth $52,000. Finally, Martingale Asset Management L P purchased a new position in Byline Bancorp during the 4th quarter worth $857,000. Hedge funds and other institutional investors own 29.67% of the company’s stock.

Shares of Byline Bancorp stock opened at $18.94 on Tuesday. The firm has a market cap of $695.76 million, a price-to-earnings ratio of 16.05, a PEG ratio of 1.18 and a beta of 1.04. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.66. Byline Bancorp Inc has a one year low of $15.39 and a one year high of $24.50.

Byline Bancorp (NYSE:BY) last announced its quarterly earnings results on Thursday, January 24th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.08. The business had revenue of $67.83 million during the quarter, compared to the consensus estimate of $63.58 million. Byline Bancorp had a net margin of 15.93% and a return on equity of 8.41%. On average, equities research analysts forecast that Byline Bancorp Inc will post 1.62 earnings per share for the current year.

A number of equities analysts have commented on BY shares. TheStreet downgraded shares of Byline Bancorp from a “c-” rating to a “d+” rating in a research report on Monday, December 24th. Zacks Investment Research downgraded shares of Byline Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, December 31st. ValuEngine downgraded shares of Byline Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Finally, Bank of America downgraded shares of Byline Bancorp from a “buy” rating to a “neutral” rating and set a $20.00 price objective for the company. in a research report on Thursday, January 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Byline Bancorp currently has an average rating of “Hold” and an average price target of $21.33.

In other news, Director Robert R. Yohanan sold 4,000 shares of the stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $20.06, for a total value of $80,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 45.13% of the company’s stock.

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Byline Bancorp Company Profile

Byline Bancorp, Inc is a holding company, which engages in business through its subsidiary, Byline Bank, a full services commercial bank. It offers a broad range of banking products and service to small and medium sized businesses, commercial real estate and financial sponsors and to consumers in the branch areas.

Further Reading: Cost of Capital Explained

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

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