Somewhat Favorable News Coverage Somewhat Unlikely to Impact Byline Bancorp (BY) Stock Price
News headlines about Byline Bancorp (NYSE:BY) have been trending somewhat positive on Friday, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Byline Bancorp earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.4033009596858 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Byline Bancorp (NYSE:BY) traded up $0.22 during midday trading on Friday, reaching $22.75. The company’s stock had a trading volume of 31,000 shares, compared to its average volume of 62,150. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.52. Byline Bancorp has a 52 week low of $19.02 and a 52 week high of $23.65.
Several research firms recently weighed in on BY. Keefe, Bruyette & Woods restated a “hold” rating and issued a $22.00 target price on shares of Byline Bancorp in a report on Tuesday, October 3rd. FIG Partners began coverage on Byline Bancorp in a report on Tuesday, October 3rd. They issued a “market perform” rating and a $22.50 target price for the company. Zacks Investment Research upgraded Byline Bancorp from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Tuesday, September 26th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $25.00 price target on shares of Byline Bancorp in a research report on Friday, October 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Byline Bancorp presently has an average rating of “Buy” and a consensus price target of $24.70.
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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