Thrivent Financial for Lutherans Increases Stake in Byline Bancorp, Inc. $BY

Thrivent Financial for Lutherans increased its holdings in Byline Bancorp, Inc. (NYSE:BY) by 25.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 89,229 shares of the company’s stock after acquiring an additional 18,113 shares during the period. Thrivent Financial for Lutherans’ holdings in Byline Bancorp were worth $2,601,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Byline Bancorp by 99.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,095 shares of the company’s stock valued at $30,000 after purchasing an additional 546 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Byline Bancorp in the 3rd quarter worth about $46,000. Russell Investments Group Ltd. grew its position in Byline Bancorp by 1,572.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,860 shares of the company’s stock valued at $79,000 after purchasing an additional 2,689 shares during the last quarter. New York State Teachers Retirement System grew its position in 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 valued at $83,000 after purchasing an additional 398 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Byline Bancorp by 319.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,904 shares of the company’s stock valued at $104,000 after purchasing an additional 2,973 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

BY has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Byline Bancorp in a report on Wednesday, May 13th. Zacks Research downgraded shares of Byline Bancorp from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. Finally, Piper Sandler raised their price objective on shares of Byline Bancorp from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.00.

Byline Bancorp Trading Down 0.1%

BY opened at $33.13 on Monday. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 10.79 and a beta of 0.75. 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.

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

Byline Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 5th were paid a dividend of $0.12 per share. The ex-dividend date was Tuesday, May 5th. This represents a $0.48 dividend on an annualized basis and a yield of 1.4%. Byline Bancorp’s dividend payout ratio (DPR) is presently 15.64%.

Byline Bancorp Company 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.