Byline Bancorp, Inc. (NYSE:BY) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in shares of Byline Bancorp, Inc. (NYSE:BY) by 29.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,864 shares of the company’s stock after selling 20,854 shares during the quarter. Thrivent Financial for Lutherans owned about 0.11% of Byline Bancorp worth $1,184,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in shares of Byline Bancorp by 6.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,855,547 shares of the company’s stock worth $44,049,000 after purchasing an additional 106,940 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Byline Bancorp by 3.4% in the first quarter. Vanguard Group Inc. now owns 1,551,552 shares of the company’s stock valued at $33,700,000 after acquiring an additional 51,682 shares during the last quarter. American Century Companies Inc. boosted its holdings in Byline Bancorp by 20.4% in the second quarter. American Century Companies Inc. now owns 518,727 shares of the company’s stock valued at $12,315,000 after acquiring an additional 87,796 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Byline Bancorp by 16.1% in the second quarter. Bank of New York Mellon Corp now owns 191,122 shares of the company’s stock valued at $4,537,000 after acquiring an additional 26,539 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Byline Bancorp by 5.4% in the first quarter. Sei Investments Co. now owns 171,282 shares of the company’s stock valued at $3,720,000 after acquiring an additional 8,847 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Transactions at Byline Bancorp

In other news, insider John Barkidjija sold 1,488 shares of Byline Bancorp stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $29.26, for a total transaction of $43,538.88. Following the sale, the insider now directly owns 30,691 shares of the company’s stock, valued at approximately $898,018.66. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider John Barkidjija sold 1,488 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $29.26, for a total value of $43,538.88. Following the completion of the sale, the insider now directly owns 30,691 shares of the company’s stock, valued at $898,018.66. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Pamela C. Stewart acquired 3,850 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were purchased at an average price of $25.99 per share, for a total transaction of $100,061.50. Following the purchase, the director now directly owns 6,336 shares of the company’s stock, valued at $164,672.64. This represents a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 40,309 shares of company stock valued at $1,131,254. 30.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Piper Sandler reiterated an “overweight” rating and issued a $34.00 target price (up previously from $27.00) on shares of Byline Bancorp in a report on Wednesday, July 31st. Stephens lifted their target price on Byline Bancorp from $27.00 to $29.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Finally, Keefe, Bruyette & Woods boosted their price objective on Byline Bancorp from $25.00 to $29.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th.

Byline Bancorp Price Performance

Shares of BY opened at $25.66 on Friday. The stock’s 50-day moving average is $26.53 and its two-hundred day moving average is $24.22. The stock has a market cap of $1.13 billion, a PE ratio of 9.40 and a beta of 1.12. Byline Bancorp, Inc. has a 12 month low of $18.39 and a 12 month high of $29.49.

Byline Bancorp (NYSE:BY) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.05. The company had revenue of $154.41 million for the quarter, compared to analysts’ expectations of $99.25 million. Byline Bancorp had a return on equity of 12.69% and a net margin of 19.42%. During the same quarter in the previous year, the firm posted $0.73 earnings per share. On average, research analysts anticipate that Byline Bancorp, Inc. will post 2.67 earnings per share for the current year.

Byline Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 6th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Tuesday, August 6th. Byline Bancorp’s payout ratio is 13.19%.

Byline Bancorp Company 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.