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

Several equities analysts have recently issued reports on BY shares. Piper Jaffray Companies started coverage on shares of Byline Bancorp in a report on Tuesday, July 25th. They set an “overweight” rating and a $25.00 price objective on the stock. Keefe, Bruyette & Woods began coverage on shares of Byline Bancorp in a research note on Tuesday, July 25th. They issued a “market perform” rating and a $22.00 target price for the company. Bank of America Corporation started coverage on shares of Byline Bancorp in a research note on Tuesday, July 25th. They issued a “buy” rating and a $25.00 target price for the company. Stephens started coverage on shares of Byline Bancorp in a research report on Wednesday, July 26th. They set an “equal weight” rating on the stock. Finally, Zacks Investment Research raised shares of Byline Bancorp from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, September 26th.

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Shares of Byline Bancorp (NYSE BY) traded up 0.447% during mid-day trading on Tuesday, hitting $21.365. 8,961 shares of the stock were exchanged. The stock has a 50-day moving average price of $21.02 and a 200 day moving average price of $20.80. The firm’s market cap is $626.10 million. Byline Bancorp has a 52-week low of $19.29 and a 52-week high of $21.70.

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

In other news, CFO Lindsay Y. Corby purchased 4,000 shares of the company’s stock in a transaction on Thursday, July 6th. The shares were acquired at an average price of $19.00 per share, for a total transaction of $76,000.00. Following the purchase, the chief financial officer now owns 9,271 shares in the company, valued at $176,149. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Thomas J. Bell III purchased 3,000 shares of the company’s stock in a transaction on Thursday, July 6th. The shares were purchased at an average price of $19.00 per share, for a total transaction of $57,000.00. Following the purchase, the senior vice president now owns 5,905 shares in the company, valued at approximately $112,195. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 42,057 shares of company stock valued at $765,320.

Several hedge funds have recently made changes to their positions in the company. Balyasny Asset Management LLC purchased a new position in shares of Byline Bancorp in the second quarter worth about $341,000. Laurion Capital Management LP acquired a new stake in shares of Byline Bancorp during the second quarter worth about $401,000. Blair William & Co. IL acquired a new stake in shares of Byline Bancorp during the second quarter worth about $401,000. Goldman Sachs Group Inc. acquired a new stake in shares of Byline Bancorp during the second quarter worth about $571,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Byline Bancorp during the second quarter worth about $1,003,000. 20.06% of the stock is currently 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.

Analyst Recommendations for Byline Bancorp (NYSE:BY)

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