Millennium Management LLC cut its holdings in shares of Byline Bancorp (NYSE:BY) by 57.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 96,829 shares of the company’s stock after selling 128,521 shares during the quarter. Millennium Management LLC’s holdings in Byline Bancorp were worth $2,224,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Jennison Associates LLC lifted its holdings in shares of Byline Bancorp by 35.1% during the 4th quarter. Jennison Associates LLC now owns 855,586 shares of the company’s stock valued at $19,653,000 after buying an additional 222,371 shares during the last quarter. Endeavour Capital Advisors Inc. lifted its holdings in shares of Byline Bancorp by 951.2% during the 4th quarter. Endeavour Capital Advisors Inc. now owns 683,021 shares of the company’s stock valued at $15,689,000 after buying an additional 618,044 shares during the last quarter. Banc Funds Co. LLC lifted its holdings in shares of Byline Bancorp by 17.0% during the 4th quarter. Banc Funds Co. LLC now owns 502,885 shares of the company’s stock valued at $11,551,000 after buying an additional 72,885 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Byline Bancorp by 3.8% during the 4th quarter. BlackRock Inc. now owns 303,876 shares of the company’s stock valued at $6,980,000 after buying an additional 11,232 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. lifted its holdings in shares of Byline Bancorp by 41.2% during the 4th quarter. Eagle Boston Investment Management Inc. now owns 299,609 shares of the company’s stock valued at $6,882,000 after buying an additional 87,494 shares during the last quarter. Hedge funds and other institutional investors own 27.23% of the company’s stock.

BY opened at $21.54 on Friday. Byline Bancorp has a twelve month low of $19.02 and a twelve month high of $24.80. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $671.07 and a P/E ratio of 42.21.

Byline Bancorp (NYSE:BY) last posted its earnings results on Friday, April 27th. The company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.06). equities analysts expect that Byline Bancorp will post 1.24 earnings per share for the current year.

BY has been the subject of several research reports. Zacks Investment Research lowered Byline Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, April 3rd. ValuEngine upgraded Byline Bancorp from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Keefe, Bruyette & Woods restated a “buy” rating on shares of Byline Bancorp in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $24.90.

In related news, EVP Bruce W. Lammers sold 8,186 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $23.25, for a total value of $190,324.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Donald J. Meyer sold 27,500 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $22.10, for a total value of $607,750.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,686 shares of company stock valued at $1,590,875.

Byline Bancorp Company Profile

Byline Bancorp, Inc operates as the bank holding company for Byline Bank that provides 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, interest-bearing demand products, savings accounts, money market accounts, negotiable order of withdrawal accounts, and time deposits, as well as certificates of deposit.

Want to see what other hedge funds are holding BY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Byline Bancorp (NYSE:BY).

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

Receive News & Ratings for Byline Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Byline Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.