Brokerages Set Byline Bancorp, Inc. (BY) Target Price at $23.63

Byline Bancorp, Inc. (NYSE:BY) has earned a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $23.63.

Several research firms have issued reports on BY. Piper Jaffray Companies began coverage on Byline Bancorp in a research report on Tuesday, July 25th. They set an “overweight” rating and a $25.00 target price on the stock. Keefe, Bruyette & Woods began coverage on Byline Bancorp in a research report on Tuesday, July 25th. They set a “market perform” rating and a $22.00 target price on the stock. Bank of America Corporation began coverage on Byline Bancorp in a research report on Tuesday, July 25th. They set a “buy” rating and a $25.00 target price on the stock. Stephens began coverage on Byline Bancorp in a research report on Wednesday, July 26th. They set an “equal weight” rating on the stock. Finally, Zacks Investment Research upgraded 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.

WARNING: “Brokerages Set Byline Bancorp, Inc. (BY) Target Price at $23.63” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another website, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this article can be viewed at https://ledgergazette.com/2017/10/08/brokerages-set-byline-bancorp-inc-by-target-price-at-23-63.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 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. Blair William & Co. IL acquired a new position in Byline Bancorp during the 2nd quarter worth approximately $401,000. 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. Institutional investors own 20.06% of the company’s stock.

Shares of Byline Bancorp (NYSE BY) traded up 0.34% during mid-day trading on Tuesday, hitting $20.39. The stock had a trading volume of 32,713 shares. The firm has a 50 day moving average price of $20.98 and a 200 day moving average price of $20.77. Byline Bancorp has a 52-week low of $19.29 and a 52-week high of $21.82. The firm’s market cap is $597.53 million.

Byline Bancorp (NYSE:BY) last issued its quarterly earnings results on Thursday, July 27th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ conse

Several research firms have issued reports on BY. Piper Jaffray Companies began coverage on Byline Bancorp in a research report on Tuesday, July 25th. They set an “overweight” rating and a $25.00 target price on the stock. Keefe, Bruyette & Woods began coverage on Byline Bancorp in a research report on Tuesday, July 25th. They set a “market perform” rating and a $22.00 target price on the stock. Bank of America Corporation began coverage on Byline Bancorp in a research report on Tuesday, July 25th. They set a “buy” rating and a $25.00 target price on the stock. Stephens began coverage on Byline Bancorp in a research report on Wednesday, July 26th. They set an “equal weight” rating on the stock. Finally, Zacks Investment Research upgraded 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.

WARNING: “Brokerages Set Byline Bancorp, Inc. (BY) Target Price at $23.63” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another website, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this article can be viewed at https://ledgergazette.com/2017/10/08/brokerages-set-byline-bancorp-inc-by-target-price-at-23-63.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 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. Blair William & Co. IL acquired a new position in Byline Bancorp during the 2nd quarter worth approximately $401,000. 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. Institutional investors own 20.06% of the company’s stock.

Shares of Byline Bancorp (NYSE BY) traded up 0.34% during mid-day trading on Tuesday, hitting $20.39. The stock had a trading volume of 32,713 shares. The firm has a 50 day moving average price of $20.98 and a 200 day moving average price of $20.77. Byline Bancorp has a 52-week low of $19.29 and a 52-week high of $21.82. The firm’s market cap is $597.53 million.

Byline Bancorp (NYSE:BY) last issued 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 company had revenue of $43.00 million during the quarter. Equities analysts predict that Byline Bancorp will post $0.94 EPS for the current year.

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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