Allspring Global Investments Holdings LLC trimmed its position in shares of Byline Bancorp, Inc. (NYSE:BY – Get Rating) by 45.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,432 shares of the company’s stock after selling 19,239 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Byline Bancorp were worth $474,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of BY. Thrivent Financial for Lutherans boosted its stake in Byline Bancorp by 1.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,607,201 shares of the company’s stock valued at $38,251,000 after purchasing an additional 26,994 shares during the last quarter. Amalgamated Bank bought a new stake in Byline Bancorp during the first quarter worth $80,000. Assenagon Asset Management S.A. raised its position in Byline Bancorp by 84.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 235,320 shares of the company’s stock valued at $5,601,000 after buying an additional 108,060 shares during the last quarter. Aristotle Capital Boston LLC lifted its stake in Byline Bancorp by 2.8% during the 2nd quarter. Aristotle Capital Boston LLC now owns 1,249,424 shares of the company’s stock valued at $29,736,000 after acquiring an additional 34,084 shares in the last quarter. Finally, River Oaks Capital LLC boosted its holdings in Byline Bancorp by 2.7% during the 2nd quarter. River Oaks Capital LLC now owns 76,000 shares of the company’s stock worth $1,809,000 after acquiring an additional 2,000 shares during the last quarter. 47.06% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
BY has been the topic of a number of recent analyst reports. Piper Sandler raised their price target on shares of Byline Bancorp to $27.00 in a research report on Friday, November 4th. Hovde Group cut their target price on Byline Bancorp to $28.00 in a research note on Tuesday, November 1st.
Insider Transactions at Byline Bancorp
Byline Bancorp Price Performance
Shares of Byline Bancorp stock opened at $23.08 on Tuesday. The firm has a market cap of $864.72 million, a PE ratio of 10.59 and a beta of 1.16. Byline Bancorp, Inc. has a 1 year low of $20.15 and a 1 year high of $28.50. The stock has a fifty day moving average price of $22.79 and a 200-day moving average price of $22.64.
Byline Bancorp (NYSE:BY – Get Rating) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.06. The company had revenue of $80.87 million during the quarter, compared to analyst estimates of $79.13 million. Byline Bancorp had a net margin of 24.42% and a return on equity of 11.70%. As a group, equities analysts anticipate that Byline Bancorp, Inc. will post 2.32 EPS for the current fiscal year.
About Byline Bancorp
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.
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