Byline Bancorp, Inc. (NYSE:BY)‘s stock had its “buy” rating reaffirmed by stock analysts at Piper Jaffray Companies in a research report issued to clients and investors on Friday. They presently have a $25.00 target price on the stock. Piper Jaffray Companies’ price objective would suggest a potential upside of 22.61% from the company’s previous close.
BY has been the subject of a number of other reports. Bank of America Corporation started coverage on Byline Bancorp in a report on Tuesday, July 25th. They set a “buy” rating and a $25.00 price target for the company. Stephens started coverage on Byline Bancorp in a report on Wednesday, July 26th. They set an “equal weight” rating for the company. Keefe, Bruyette & Woods started coverage on Byline Bancorp in a report on Tuesday, July 25th. They set a “market perform” rating and a $22.00 price target for the company. Zacks Investment Research downgraded Byline Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, FIG Partners started coverage on Byline Bancorp in a report on Tuesday, October 3rd. They set a “market perform” rating and a $22.50 price target for the company. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Byline Bancorp presently has a consensus rating of “Hold” and a consensus price target of $23.70.
Shares of Byline Bancorp (BY) opened at 20.39 on Friday. Byline Bancorp has a 1-year low of $19.29 and a 1-year high of $21.82. The firm has a 50-day moving average price of $20.98 and a 200-day moving average price of $20.77. The stock’s market capitalization is $597.53 million.
Byline Bancorp (NYSE:BY) last announced its quarterly earnings results on Thursday, July 27th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.39). The business had revenue of $43.00 million during the quarter. On average, equities research analysts forecast that Byline Bancorp will post $0.94 earnings per share for the current year.
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Institutional investors have recently bought and sold shares of the company. Jennison Associates LLC purchased a new stake in shares of Byline Bancorp in the 2nd quarter valued at about $11,352,000. LMR Partners LLP purchased a new stake in shares of Byline Bancorp in the 2nd quarter valued at about $1,023,000. Kennedy Capital Management Inc. purchased a new stake in shares of Byline Bancorp in the 2nd quarter valued at about $3,022,000. Castine Capital Management LLC purchased a new stake in shares of Byline Bancorp in the 2nd quarter valued at about $4,466,000. Finally, Penn Capital Management Co. Inc. purchased a new stake in shares of Byline Bancorp in the 2nd quarter valued at about $1,201,000. 20.06% of the stock is owned by institutional investors and hedge funds.
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.
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