Thrivent Financial for Lutherans Has $1.29 Million Stock Position in Byline Bancorp, Inc. (NYSE:BY)

Thrivent Financial for Lutherans lessened its holdings in shares of Byline Bancorp, Inc. (NYSE:BY) by 3.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,238 shares of the company’s stock after selling 1,626 shares during the quarter. Thrivent Financial for Lutherans owned 0.11% of Byline Bancorp worth $1,291,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Empowered Funds LLC increased its position in shares of Byline Bancorp by 5.4% during the third quarter. Empowered Funds LLC now owns 155,207 shares of the company’s stock worth $4,155,000 after acquiring an additional 7,906 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Byline Bancorp by 21.4% during the 3rd quarter. Principal Financial Group Inc. now owns 20,164 shares of the company’s stock worth $540,000 after purchasing an additional 3,550 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in Byline Bancorp by 8.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 7,934 shares of the company’s stock worth $212,000 after purchasing an additional 619 shares in the last quarter. US Bancorp DE raised its stake in shares of Byline Bancorp by 995.8% in the 3rd quarter. US Bancorp DE now owns 4,646 shares of the company’s stock valued at $124,000 after purchasing an additional 4,222 shares during the period. Finally, Fiducient Advisors LLC bought a new stake in shares of Byline Bancorp in the third quarter valued at about $1,730,000. 67.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Piper Sandler reissued an “overweight” rating and issued a $34.00 target price on shares of Byline Bancorp in a research report on Tuesday, October 29th.

Byline Bancorp Trading Down 0.3 %

Shares of BY stock opened at $31.42 on Monday. The firm’s fifty day moving average price is $28.17 and its two-hundred day moving average price is $26.25. Byline Bancorp, Inc. has a 1 year low of $19.70 and a 1 year high of $32.89. The firm has a market capitalization of $1.39 billion, a P/E ratio of 11.43 and a beta of 1.12.

Byline Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were issued a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.15%. Byline Bancorp’s payout ratio is 13.09%.

Byline Bancorp 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.