Shares of Byline Bancorp (NYSE:BY) have been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $24.17.
Several equities analysts recently issued reports on BY shares. Keefe, Bruyette & Woods restated a “buy” rating on shares of Byline Bancorp in a report on Friday, January 26th. Zacks Investment Research lowered shares of Byline Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. Finally, ValuEngine upgraded shares of Byline Bancorp from a “hold” rating to a “buy” rating in a report on Monday, April 2nd.
In other news, EVP Bruce W. Lammers sold 5,000 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $23.50, for a total transaction of $117,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Bruce W. Lammers sold 8,186 shares of the company’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $23.25, for a total transaction of $190,324.50. The disclosure for this sale can be found here.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in shares of Byline Bancorp by 16.9% during the fourth quarter. Bank of New York Mellon Corp now owns 17,236 shares of the company’s stock valued at $396,000 after purchasing an additional 2,497 shares during the period. Boston Partners raised its holdings in shares of Byline Bancorp by 1.9% during the first quarter. Boston Partners now owns 136,400 shares of the company’s stock valued at $3,128,000 after purchasing an additional 2,500 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Byline Bancorp by 27.0% during the first quarter. Wells Fargo & Company MN now owns 11,843 shares of the company’s stock valued at $272,000 after purchasing an additional 2,515 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Byline Bancorp by 1.8% during the first quarter. Russell Investments Group Ltd. now owns 158,952 shares of the company’s stock valued at $3,645,000 after purchasing an additional 2,800 shares during the period. Finally, American International Group Inc. acquired a new position in shares of Byline Bancorp during the fourth quarter valued at about $102,000. Hedge funds and other institutional investors own 28.52% of the company’s stock.
Shares of Byline Bancorp opened at $21.81 on Wednesday, Marketbeat Ratings reports. The firm has a market cap of $644.14 million and a PE ratio of 41.94. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.84. Byline Bancorp has a 52 week low of $19.02 and a 52 week high of $24.80.
Byline Bancorp (NYSE:BY) last released its earnings results on Friday, April 27th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.06). The firm had revenue of $45.12 million during the quarter, compared to analyst estimates of $44.10 million. Byline Bancorp had a net margin of 11.43% and a return on equity of 6.56%. equities analysts anticipate that Byline Bancorp will post 1.23 earnings per share for the current year.
About Byline Bancorp
Byline Bancorp, Inc operates as the bank holding company for Byline Bank that provides a range of banking products and services to small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the United States. It offers non-interest bearing accounts, money market demand accounts, savings accounts, interest bearing checking accounts, and time deposits, as well as certificates of deposit.
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