Byline Bancorp’s (BY) “Hold” Rating Reiterated at Keefe, Bruyette & Woods
Keefe, Bruyette & Woods reissued their hold rating on shares of Byline Bancorp, Inc. (NYSE:BY) in a research report sent to investors on Tuesday. They currently have a $22.00 price target on the stock.
A number of other equities research analysts have also recently commented on BY. FIG Partners assumed coverage on shares of Byline Bancorp in a research note on Tuesday. They set a market perform rating and a $22.50 price objective on the stock. Zacks Investment Research raised shares of Byline Bancorp from a hold rating to a buy rating and set a $24.00 price objective on the stock in a research note on Tuesday, September 26th. Stephens assumed coverage on shares of Byline Bancorp in a research note on Wednesday, July 26th. They set an equal weight rating on the stock. Bank of America Corporation assumed coverage on shares of Byline Bancorp in a research note on Tuesday, July 25th. They set a buy rating and a $25.00 price objective on the stock. Finally, Piper Jaffray Companies assumed coverage on shares of Byline Bancorp in a research note on Tuesday, July 25th. They set an overweight rating and a $25.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $23.70.
Shares of Byline Bancorp (BY) opened at 20.39 on Tuesday. Byline Bancorp has a 12 month low of $19.29 and a 12 month high of $21.70. The company’s market capitalization is $597.53 million. The company’s 50-day moving average is $20.98 and its 200 day moving average is $20.77.
Byline Bancorp (NYSE:BY) last issued its quarterly earnings data on Thursday, July 27th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.39). The firm had revenue of $43.00 million for the quarter. On average, equities research analysts anticipate that Byline Bancorp will post $0.94 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. Balyasny Asset Management LLC acquired a new stake in shares of Byline Bancorp during the 2nd quarter worth approximately $341,000. Laurion Capital Management LP acquired a new stake in Byline Bancorp in the 2nd quarter valued at $401,000. Blair William & Co. IL acquired a new stake in Byline Bancorp in the 2nd quarter valued at $401,000. Goldman Sachs Group Inc. acquired a new stake in Byline Bancorp in the 2nd quarter valued at $571,000. Finally, Tudor Investment Corp ET AL acquired a new stake in Byline Bancorp in the 2nd quarter valued at $1,003,000. 20.06% of the stock is currently owned by institutional investors and hedge funds.
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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