Thrivent Financial for Lutherans Sells 1,626 Shares of Byline Bancorp, Inc. (NYSE:BY)

Thrivent Financial for Lutherans lessened its holdings in Byline Bancorp, Inc. (NYSE:BY) by 3.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,238 shares of the company’s stock after selling 1,626 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Byline Bancorp were worth $1,291,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. New York State Teachers Retirement System grew its position in Byline Bancorp by 25.3% during the third quarter. New York State Teachers Retirement System now owns 2,842 shares of the company’s stock worth $76,000 after buying an additional 574 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of 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. CWM LLC increased its position in shares of Byline Bancorp by 104.5% in the second quarter. CWM LLC now owns 1,323 shares of the company’s stock worth $31,000 after purchasing an additional 676 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Byline Bancorp in the second quarter worth $26,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Byline Bancorp by 10.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,070 shares of the company’s stock valued at $310,000 after purchasing an additional 1,277 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Byline Bancorp Price Performance

NYSE BY opened at $31.42 on Monday. The business has a fifty day moving average price of $28.17 and a two-hundred day moving average price of $26.25. The stock has a market capitalization of $1.39 billion, a PE ratio of 11.43 and a beta of 1.12. Byline Bancorp, Inc. has a fifty-two week low of $19.70 and a fifty-two week high of $32.89.

Byline Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th were given a dividend of $0.09 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.36 annualized dividend and a dividend yield of 1.15%. Byline Bancorp’s dividend payout ratio is currently 13.09%.

Wall Street Analyst Weigh In

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

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.