Byline Bancorp, Inc. (NYSE:BY) – Equities researchers at FIG Partners issued their Q3 2017 earnings estimates for Byline Bancorp in a research report issued to clients and investors on Tuesday. FIG Partners analyst B. Martin forecasts that the company will earn $0.22 per share for the quarter. FIG Partners currently has a “Market Perform” rating and a $22.50 target price on the stock. FIG Partners also issued estimates for Byline Bancorp’s Q4 2017 earnings at $0.22 EPS, FY2017 earnings at $0.94 EPS, Q1 2018 earnings at $0.24 EPS, Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.31 EPS, FY2018 earnings at $1.10 EPS and FY2019 earnings at $1.35 EPS.

A number of other brokerages have also commented on BY. Keefe, Bruyette & Woods initiated coverage on shares of Byline Bancorp in a research note on Tuesday, July 25th. They issued a “market perform” rating and a $22.00 price target on the stock. Zacks Investment Research upgraded shares of Byline Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Tuesday, September 26th. Bank of America Corporation initiated coverage on shares of Byline Bancorp in a research note on Tuesday, July 25th. They issued a “buy” rating and a $25.00 price target on the stock. Stephens initiated coverage on shares of Byline Bancorp in a research note on Wednesday, July 26th. They issued an “equal weight” rating on the stock. Finally, Piper Jaffray Companies initiated coverage on shares of Byline Bancorp in a research note on Tuesday, July 25th. They issued an “overweight” rating and a $25.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $23.70.

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Shares of Byline Bancorp (NYSE BY) opened at 20.32 on Friday. The firm’s market capitalization is $595.48 million. Byline Bancorp has a 52-week low of $19.29 and a 52-week high of $21.70. The company’s 50-day moving average price is $20.99 and its 200-day moving average price is $20.78.

Byline Bancorp (NYSE:BY) last released its earnings results on Thursday, July 27th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.39). The company had revenue of $43.00 million during the quarter.

Large investors have recently made changes to their positions in the business. Jennison Associates LLC acquired a new position in shares of Byline Bancorp during the 2nd quarter worth approximately $11,352,000. LMR Partners LLP acquired a new position in shares of Byline Bancorp during the 2nd quarter worth approximately $1,023,000. Kennedy Capital Management Inc. acquired a new position in shares of Byline Bancorp during the 2nd quarter worth approximately $3,022,000. Castine Capital Management LLC acquired a new position in shares of Byline Bancorp during the 2nd quarter worth approximately $4,466,000. Finally, Penn Capital Management Co. Inc. acquired a new position in shares of Byline Bancorp during the 2nd quarter worth approximately $1,201,000. Hedge funds and other institutional investors own 20.06% of the company’s stock.

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.

Earnings History and Estimates for Byline Bancorp (NYSE:BY)

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