Thrivent Financial for Lutherans Buys 18,113 Shares of Byline Bancorp, Inc. $BY

Thrivent Financial for Lutherans grew its holdings in shares of Byline Bancorp, Inc. (NYSE:BY) by 25.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,229 shares of the company’s stock after buying an additional 18,113 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.19% of Byline Bancorp worth $2,601,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BY. New York State Teachers Retirement System increased its stake in shares of Byline Bancorp by 16.1% during the 4th quarter. New York State Teachers Retirement System now owns 2,864 shares of the company’s stock worth $83,000 after purchasing an additional 398 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Byline Bancorp by 99.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,095 shares of the company’s stock worth $30,000 after acquiring an additional 546 shares during the period. PNC Financial Services Group Inc. lifted its stake in Byline Bancorp by 3.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 17,586 shares of the company’s stock valued at $488,000 after purchasing an additional 588 shares during the last quarter. Strs Ohio lifted its stake in Byline Bancorp by 5.4% in the 4th quarter. Strs Ohio now owns 11,700 shares of the company’s stock valued at $341,000 after purchasing an additional 600 shares during the last quarter. Finally, CWM LLC lifted its stake in Byline Bancorp by 2.7% in the 4th quarter. CWM LLC now owns 25,016 shares of the company’s stock valued at $729,000 after purchasing an additional 657 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on BY. Piper Sandler raised their price target on shares of Byline Bancorp from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Weiss Ratings restated a “buy (b)” rating on shares of Byline Bancorp in a report on Wednesday, May 13th. Finally, Zacks Research lowered shares of Byline Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Byline Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $36.00.

Byline Bancorp Stock Down 0.1%

NYSE BY opened at $33.13 on Monday. The company’s 50 day moving average is $32.24 and its 200-day moving average is $30.94. Byline Bancorp, Inc. has a 12-month low of $24.75 and a 12-month high of $34.33. The firm has a market cap of $1.50 billion, a P/E ratio of 10.79 and a beta of 0.75.

Byline Bancorp (NYSE:BY) last posted its earnings results on Thursday, April 23rd. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.09. The business had revenue of $112.40 million for the quarter, compared to analyst estimates of $113.89 million. Byline Bancorp had a net margin of 21.86% and a return on equity of 11.56%. Equities analysts expect that Byline Bancorp, Inc. will post 3.28 EPS for the current year.

Byline Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 5th were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.4%. Byline Bancorp’s dividend payout ratio is 15.64%.

Byline Bancorp Profile

Byline Bancorp, Inc is the bank holding company for Byline Bank, a full-service commercial bank headquartered in Chicago, Illinois. Established under its current name in 2016, the company operates as a community-focused financial institution offering a broad array of banking products and services to corporate, professional and consumer clients.

On the commercial banking side, Byline Bancorp serves small and midsize businesses, real estate developers, professional services firms and nonprofit organizations.