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

Thrivent Financial for Lutherans trimmed its stake in shares of Byline Bancorp, Inc. (NYSE:BY) by 29.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,864 shares of the company’s stock after selling 20,854 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Byline Bancorp were worth $1,184,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Inspire Investing LLC grew its holdings in Byline Bancorp by 196.7% in the 2nd quarter. Inspire Investing LLC now owns 49,169 shares of the company’s stock worth $1,167,000 after buying an additional 32,599 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Byline Bancorp by 6.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,855,547 shares of the company’s stock worth $44,049,000 after buying an additional 106,940 shares in the last quarter. American Century Companies Inc. grew its holdings in Byline Bancorp by 20.4% in the 2nd quarter. American Century Companies Inc. now owns 518,727 shares of the company’s stock worth $12,315,000 after buying an additional 87,796 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Byline Bancorp in the 2nd quarter worth approximately $61,000. Finally, Quest Partners LLC grew its holdings in Byline Bancorp by 118.5% in the 2nd quarter. Quest Partners LLC now owns 18,331 shares of the company’s stock worth $435,000 after buying an additional 9,940 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Byline Bancorp news, insider John Barkidjija sold 1,488 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $29.26, for a total transaction of $43,538.88. Following the transaction, the insider now directly owns 30,691 shares of the company’s stock, valued at $898,018.66. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider John Barkidjija sold 1,488 shares of the firm’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 sale, the insider now directly owns 30,691 shares of the company’s stock, valued at approximately $898,018.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brogan Ptacin sold 11,812 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $27.65, for a total value of $326,601.80. Following the completion of the sale, the insider now directly owns 25,588 shares in the company, valued at approximately $707,508.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,309 shares of company stock worth $1,131,254. Corporate insiders own 30.06% of the company’s stock.

Byline Bancorp Stock Up 0.8 %

BY opened at $25.66 on Friday. The firm has a market cap of $1.13 billion, a PE ratio of 9.40 and a beta of 1.12. The business has a fifty day simple moving average of $26.53 and a 200-day simple moving average of $24.22. Byline Bancorp, Inc. has a fifty-two week low of $18.39 and a fifty-two week high of $29.49.

Byline Bancorp (NYSE:BY) last released its earnings results on Thursday, July 25th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05. The company had revenue of $154.41 million during the quarter, compared to analyst estimates 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 prior year, the company earned $0.73 earnings per share. On average, equities research analysts anticipate that Byline Bancorp, Inc. will post 2.67 EPS for the current fiscal year.

Byline Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, August 6th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.36 annualized dividend and a dividend yield of 1.40%. Byline Bancorp’s dividend 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.