Allspring Global Investments Holdings LLC Has $474,000 Holdings in Byline Bancorp, Inc. (NYSE:BY)

Allspring Global Investments Holdings LLC trimmed its position in shares of Byline Bancorp, Inc. (NYSE:BYGet 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

In other news, major shareholder Investors I. L.P. Mbg acquired 45,000 shares of Byline Bancorp stock in a transaction on Wednesday, December 7th. The stock was acquired at an average cost of $22.55 per share, with a total value of $1,014,750.00. Following the completion of the acquisition, the insider now owns 11,555,601 shares in the company, valued at $260,578,802.55. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Byline Bancorp news, major shareholder Investors I. L.P. Mbg acquired 45,000 shares of the company’s stock in a transaction on Wednesday, December 7th. The shares were acquired at an average cost of $22.55 per share, with a total value of $1,014,750.00. Following the completion of the acquisition, the insider now directly owns 11,555,601 shares in the company, valued at $260,578,802.55. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Investors I. L.P. Mbg bought 43,478 shares of the business’s stock in a transaction on Monday, December 5th. The shares were acquired at an average price of $22.52 per share, with a total value of $979,124.56. Following the transaction, the insider now directly owns 11,510,601 shares of the company’s stock, valued at $259,218,734.52. The disclosure for this purchase can be found here. 35.50% of the stock is currently owned by company insiders.

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:BYGet 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

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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.

Further Reading

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Institutional Ownership by Quarter for Byline Bancorp (NYSE:BY)

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