Bank of New York Mellon Corp Takes $313,000 Position in Byline Bancorp Inc (BY)
Bank of New York Mellon Corp acquired a new stake in Byline Bancorp Inc (NYSE:BY) during the third quarter, Holdings Channel reports. The firm acquired 14,739 shares of the company’s stock, valued at approximately $313,000.
Several other large investors have also made changes to their positions in the company. Balyasny Asset Management LLC acquired a new position in Byline Bancorp during the 2nd quarter worth approximately $341,000. Laurion Capital Management LP acquired a new position in Byline Bancorp during the 2nd quarter worth approximately $401,000. Sei Investments Co. acquired a new position in Byline Bancorp during the 3rd quarter worth approximately $478,000. Goldman Sachs Group Inc. acquired a new position in Byline Bancorp during the 2nd quarter worth approximately $571,000. Finally, Tudor Investment Corp ET AL acquired a new position in Byline Bancorp during the 2nd quarter worth approximately $1,003,000. 22.84% of the stock is currently owned by institutional investors.
A number of research analysts recently weighed in on BY shares. Zacks Investment Research raised 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. FIG Partners started coverage on Byline Bancorp in a research note on Tuesday, October 3rd. They set a “market perform” rating and a $22.50 price target on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $22.00 price target on shares of Byline Bancorp in a research note on Tuesday, October 3rd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $25.00 price target on shares of Byline Bancorp in a research note on Friday, October 6th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $24.90.
Shares of Byline Bancorp Inc (NYSE:BY) opened at $23.05 on Tuesday. Byline Bancorp Inc has a 52 week low of $19.02 and a 52 week high of $23.65. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.88 and a current ratio of 0.88.
Byline Bancorp (NYSE:BY) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.22 by $0.10. analysts anticipate that Byline Bancorp Inc will post 0.79 EPS for the current fiscal year.
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Byline Bancorp Company Profile
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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