Byline Bancorp, Inc. (BY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Byline Bancorp, Inc. (NYSE:BY) have received an average recommendation of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $23.63.

A number of analysts have recently weighed in on BY shares. Keefe, Bruyette & Woods started coverage on shares of Byline Bancorp in a report on Tuesday, July 25th. They set a “market perform” rating and a $22.00 target price for the company. FIG Partners started coverage on shares of Byline Bancorp in a report on Tuesday, October 3rd. They set a “market perform” rating and a $22.50 target price for the company. Zacks Investment Research upgraded shares of Byline Bancorp from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Tuesday, September 26th. Bank of America Corporation started coverage on shares of Byline Bancorp in a report on Tuesday, July 25th. They set a “buy” rating and a $25.00 target price for the company. Finally, Stephens started coverage on shares of Byline Bancorp in a report on Wednesday, July 26th. They set an “equal weight” rating for the company.



Byline Bancorp (BY) opened at 20.16 on Friday. The firm’s market capitalization is $590.79 million. Byline Bancorp has a one year low of $19.29 and a one year high of $21.82. The firm’s 50-day moving average price is $20.83 and its 200 day moving average price is $20.75.

Byline Bancorp (NYSE:BY) last posted its earnings results on Thursday, July 27th. The company reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.39). The firm had revenue of $43.00 million for the quarter. On average, equities analysts anticipate that Byline Bancorp will post $0.94 earnings per share for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the stock. Balyasny Asset Management LLC bought a new position in Byline Bancorp in the second quarter worth about $341,000. Laurion Capital Management LP bought a new position in Byline Bancorp in the second quarter worth about $401,000. Blair William & Co. IL bought a new position in Byline Bancorp in the second quarter worth about $401,000. Goldman Sachs Group Inc. bought a new position in Byline Bancorp in the second quarter worth about $571,000. Finally, Tudor Investment Corp ET AL bought a new position in Byline Bancorp in the second quarter worth about $1,003,000. 20.06% of the stock is owned by institutional investors.

About Byline Bancorp

Byline Bancorp, Inc is a bank holding company. The Company operates through its subsidiary, Byline Bank (the Bank). Byline Bank is a full service commercial bank. The Bank operates through 56 branches in the Chicago metropolitan area. The Bank offers a broad range of banking products and services to small and medium sized businesses, commercial real estate and financial sponsors, and to consumers.

Analyst Recommendations for Byline Bancorp (NYSE:BY)

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