Piper Jaffray Companies Reaffirms Buy Rating for Byline Bancorp, Inc. (BY)

Piper Jaffray Companies reissued their buy rating on shares of Byline Bancorp, Inc. (NYSE:BY) in a research note released on Friday morning. They currently have a $25.00 target price on the stock.

Several other research analysts have also recently commented on BY. Keefe, Bruyette & Woods started coverage on shares of Byline Bancorp in a report on Tuesday, July 25th. They set a market perform rating and a $22.00 target price on the stock. Bank of America Corporation started coverage on shares of Byline Bancorp in a report on Tuesday, July 25th. They set a buy rating and a $25.00 target price on the stock. Stephens started coverage on shares of Byline Bancorp in a report on Wednesday, July 26th. They set an equal weight rating on the stock. 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 report on Tuesday, September 26th. Finally, FIG Partners started coverage on shares of Byline Bancorp in a report on Tuesday, October 3rd. They set a market perform rating and a $22.50 target price 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. Byline Bancorp currently has a consensus rating of Hold and a consensus price target of $23.70.

Byline Bancorp (BY) opened at 20.39 on Friday. The company’s 50-day moving average price is $20.98 and its 200 day moving average price is $20.77. Byline Bancorp has a 52 week low of $19.29 and a 52 week high of $21.82. The company’s market capitalization is $597.53 million.

Byline Bancorp (NYSE:BY) last issued its quarterly earnings data 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 $43.00 million for the quarter. On average, analysts predict that Byline Bancorp will post $0.94 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Piper Jaffray Companies Reaffirms Buy Rating for Byline Bancorp, Inc. (BY)” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another site, it was illegally copied and republished in violation of US and international copyright and trademark law. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/09/piper-jaffray-companies-reaffirms-buy-rating-for-byline-bancorp-inc-by.html.

Several institutional investors and hedge funds have recently made changes to their positions in BY. Balyasny Asset Management LLC bought a new position in shares of Byline Bancorp during the second quarter worth approximately $341,000. Laurion Capital Management LP bought a new position in shares of Byline Bancorp during the second quarter worth approximately $401,000. Blair William & Co. IL bought a new position in shares of Byline Bancorp during the second quarter worth approximately $401,000. Goldman Sachs Group Inc. bought a new

Several other research analysts have also recently commented on BY. Keefe, Bruyette & Woods started coverage on shares of Byline Bancorp in a report on Tuesday, July 25th. They set a market perform rating and a $22.00 target price on the stock. Bank of America Corporation started coverage on shares of Byline Bancorp in a report on Tuesday, July 25th. They set a buy rating and a $25.00 target price on the stock. Stephens started coverage on shares of Byline Bancorp in a report on Wednesday, July 26th. They set an equal weight rating on the stock. 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 report on Tuesday, September 26th. Finally, FIG Partners started coverage on shares of Byline Bancorp in a report on Tuesday, October 3rd. They set a market perform rating and a $22.50 target price 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. Byline Bancorp currently has a consensus rating of Hold and a consensus price target of $23.70.

Byline Bancorp (BY) opened at 20.39 on Friday. The company’s 50-day moving average price is $20.98 and its 200 day moving average price is $20.77. Byline Bancorp has a 52 week low of $19.29 and a 52 week high of $21.82. The company’s market capitalization is $597.53 million.

Byline Bancorp (NYSE:BY) last issued its quarterly earnings data 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 $43.00 million for the quarter. On average, analysts predict that Byline Bancorp will post $0.94 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Piper Jaffray Companies Reaffirms Buy Rating for Byline Bancorp, Inc. (BY)” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another site, it was illegally copied and republished in violation of US and international copyright and trademark law. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/09/piper-jaffray-companies-reaffirms-buy-rating-for-byline-bancorp-inc-by.html.

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

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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