221,124 Shares in Byline Bancorp, Inc. (BY) Purchased by Stifel Financial Corp

Stifel Financial Corp bought a new stake in Byline Bancorp, Inc. (NYSE:BY) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 221,124 shares of the company’s stock, valued at approximately $3,546,000. Stifel Financial Corp owned about 0.78% of Byline Bancorp as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BY. LMR Partners LLP acquired a new stake in shares of Byline Bancorp in the second quarter valued at about $1,023,000. Blair William & Co. IL acquired a new stake in shares of Byline Bancorp in the second quarter valued at about $401,000. Jennison Associates LLC acquired a new stake in shares of Byline Bancorp in the second quarter valued at about $11,352,000. Kennedy Capital Management Inc. acquired a new stake in shares of Byline Bancorp in the second quarter valued at about $3,022,000. Finally, Laurion Capital Management LP acquired a new stake in shares of Byline Bancorp in the second quarter valued at about $401,000. Institutional investors and hedge funds own 20.06% of the company’s stock.

Shares of Byline Bancorp, Inc. (BY) opened at 20.60 on Wednesday. The firm’s market capitalization is $603.68 million. The company’s 50-day moving average is $20.96 and its 200 day moving average is $20.77. Byline Bancorp, Inc. has a 52-week low of $19.29 and a 52-week high of $21.82.

Byline Bancorp (NYSE:BY) last announced its earnings results on Thursday, July 27th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.39). The company had revenue of $43.00 million for the quarter. Equities analysts expect that Byline Bancorp, Inc. will post $0.94 earnings per share for the current fiscal year.

A number of brokerages have recently commented on BY. Zacks Investment Research cut shares of Byline Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. FIG Partners began coverage on shares of Byline Bancorp in a research report on Tuesday, October 3rd. They issued a “market perform” rating and a $22.50 target price for the company. Bank of America Corporation began coverage on shares of Byline Bancorp in a research report on Tuesday, July 25th. They issued a “buy” rating and a $25.00 target price for the company. Keefe, Bruyette & Woods began coverage on shares of Byline Bancorp in a research report on Tuesday, July 25th. They issued a “market perform” rating and a $22.00 target price for the company. Finally, Piper Jaffray Companies began coverage on shares of Byline Bancorp in a research report on Tuesday, July 25th. They issued an “overweight” rating and a $25.00 target price for the company. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.70.

ILLEGAL ACTIVITY NOTICE: This report was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this report can be read at https://ledgergazette.com/2017/10/11/221124-shares-in-byline-bancorp-inc-by-purchased-by-stifel-financial-corp.html.

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, c

Several other hedge funds and other institutional investors have also modified their holdings of BY. LMR Partners LLP acquired a new stake in shares of Byline Bancorp in the second quarter valued at about $1,023,000. Blair William & Co. IL acquired a new stake in shares of Byline Bancorp in the second quarter valued at about $401,000. Jennison Associates LLC acquired a new stake in shares of Byline Bancorp in the second quarter valued at about $11,352,000. Kennedy Capital Management Inc. acquired a new stake in shares of Byline Bancorp in the second quarter valued at about $3,022,000. Finally, Laurion Capital Management LP acquired a new stake in shares of Byline Bancorp in the second quarter valued at about $401,000. Institutional investors and hedge funds own 20.06% of the company’s stock.

Shares of Byline Bancorp, Inc. (BY) opened at 20.60 on Wednesday. The firm’s market capitalization is $603.68 million. The company’s 50-day moving average is $20.96 and its 200 day moving average is $20.77. Byline Bancorp, Inc. has a 52-week low of $19.29 and a 52-week high of $21.82.

Byline Bancorp (NYSE:BY) last announced its earnings results on Thursday, July 27th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.39). The company had revenue of $43.00 million for the quarter. Equities analysts expect that Byline Bancorp, Inc. will post $0.94 earnings per share for the current fiscal year.

A number of brokerages have recently commented on BY. Zacks Investment Research cut shares of Byline Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. FIG Partners began coverage on shares of Byline Bancorp in a research report on Tuesday, October 3rd. They issued a “market perform” rating and a $22.50 target price for the company. Bank of America Corporation began coverage on shares of Byline Bancorp in a research report on Tuesday, July 25th. They issued a “buy” rating and a $25.00 target price for the company. Keefe, Bruyette & Woods began coverage on shares of Byline Bancorp in a research report on Tuesday, July 25th. They issued a “market perform” rating and a $22.00 target price for the company. Finally, Piper Jaffray Companies began coverage on shares of Byline Bancorp in a research report on Tuesday, July 25th. They issued an “overweight” rating and a $25.00 target price for the company. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.70.

ILLEGAL ACTIVITY NOTICE: This report was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this report can be read at https://ledgergazette.com/2017/10/11/221124-shares-in-byline-bancorp-inc-by-purchased-by-stifel-financial-corp.html.

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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Institutional Ownership by Quarter for Byline Bancorp (NYSE:BY)

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