California State Teachers Retirement System Acquires Shares of 10,700 Byline Bancorp Inc (BY)

California State Teachers Retirement System acquired a new stake in Byline Bancorp Inc (NYSE:BY) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,700 shares of the company’s stock, valued at approximately $227,000.

Other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp purchased a new position in shares of Byline Bancorp during the second quarter valued at approximately $3,546,000. Jennison Associates LLC boosted its position in shares of Byline Bancorp by 11.8% during the third quarter. Jennison Associates LLC now owns 633,215 shares of the company’s stock valued at $13,462,000 after buying an additional 67,035 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Byline Bancorp during the second quarter valued at approximately $571,000. Bank of New York Mellon Corp purchased a new position in shares of Byline Bancorp during the third quarter valued at approximately $313,000. Finally, Eagle Boston Investment Management Inc. purchased a new position in shares of Byline Bancorp during the third quarter valued at approximately $4,511,000. 23.64% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on BY. Zacks Investment Research raised Byline Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Byline Bancorp in a research report on Friday, January 26th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $24.90.

In related news, EVP Donald J. Meyer sold 27,500 shares of Byline Bancorp stock in a transaction on Monday, February 5th. The stock was sold at an average price of $22.10, for a total transaction of $607,750.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Donald J. Meyer sold 30,000 shares of Byline Bancorp stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $22.51, for a total value of $675,300.00. The disclosure for this sale can be found here.

Shares of Byline Bancorp Inc (BY) opened at $22.46 on Thursday. The company has a market capitalization of $658.36 and a price-to-earnings ratio of 68.06. Byline Bancorp Inc has a fifty-two week low of $19.02 and a fifty-two week high of $23.65. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.52.

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Byline Bancorp Profile

Byline Bancorp, Inc is a bank holding company. The Company operates through its subsidiary, Byline Bank (the Bank). Byline Bank is a full service commercial bank. The Bank operates through 56 branches in the Chicago metropolitan area. The Bank offers a broad range of banking products and services to small and medium sized businesses, commercial real estate and financial sponsors, and to consumers.

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

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