Stephens Initiates Coverage on BYLINE BANCORP (BY)
Stephens assumed coverage on shares of BYLINE BANCORP (NYSE:BY) in a report published on Wednesday, MarketBeat Ratings reports. The firm issued an equal weight rating on the stock.
Several other research firms have also issued reports on BY. Keefe, Bruyette & Woods initiated coverage on shares of BYLINE BANCORP in a report on Tuesday, July 25th. They issued a market perform rating and a $22.00 price target on the stock. Bank of America Corporation initiated coverage on shares of BYLINE BANCORP in a report on Tuesday, July 25th. They issued a buy rating and a $25.00 price target on the stock. Finally, Piper Jaffray Companies initiated coverage on shares of BYLINE BANCORP in a report on Tuesday, July 25th. They issued an overweight rating and a $25.00 price target on the stock.
Shares of BYLINE BANCORP (NYSE:BY) opened at 20.45 on Wednesday. BYLINE BANCORP has a 1-year low of $19.84 and a 1-year high of $21.39. The company has a 50 day moving average price of $20.54 and a 200 day moving average price of $20.54. The stock’s market cap is $580.62 million.
BYLINE BANCORP (NYSE:BY) last released its quarterly earnings results on Thursday, July 27th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.39. The business had revenue of $43 million for the quarter. On average, equities analysts anticipate that BYLINE BANCORP will post $0.91 EPS for the current year.
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In other news, Director Roberto R. Herencia purchased 34,807 shares of the business’s stock in a transaction on Thursday, July 6th. The shares were acquired at an average cost of $18.03 per share, with a total value of $627,570.21. Following the completion of the acquisition, the director now owns 81,435 shares of the company’s stock, valued at $1,468,273.05. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Lindsay Y. Corby purchased 4,000 shares of the business’s stock in a transaction on Thursday, July 6th. The stock was purchased at an average cost of $19.00 per share, for a total transaction of $76,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 9,271 shares of the company’s stock, valued at approximately $176,149. The disclosure for this purchase can be found here. Insiders acquired 42,057 shares of company stock worth $765,320 over the last ninety days.
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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