Byline Bancorp (NYSE:BY – Get Free Report) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.
BY has been the topic of a number of other reports. Piper Sandler increased their price target on shares of Byline Bancorp from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Byline Bancorp in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Byline Bancorp has an average rating of “Buy” and a consensus target price of $36.00.
Byline Bancorp Stock Performance
Byline Bancorp (NYSE:BY – Get Free Report) last issued its earnings results on Thursday, April 23rd. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.74 by $0.09. The business had revenue of $112.40 million during the quarter, compared to the consensus estimate of $113.89 million. Byline Bancorp had a return on equity of 11.56% and a net margin of 21.86%. Equities analysts predict that Byline Bancorp will post 3.28 EPS for the current fiscal year.
Hedge Funds Weigh In On Byline Bancorp
Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in shares of Byline Bancorp by 31.3% in the third quarter. JPMorgan Chase & Co. now owns 588,359 shares of the company’s stock worth $16,315,000 after purchasing an additional 140,219 shares during the last quarter. American Century Companies Inc. lifted its position in Byline Bancorp by 9.3% during the third quarter. American Century Companies Inc. now owns 803,287 shares of the company’s stock valued at $22,275,000 after purchasing an additional 68,230 shares during the last quarter. Blair William & Co. IL lifted its position in Byline Bancorp by 924.5% during the third quarter. Blair William & Co. IL now owns 79,124 shares of the company’s stock valued at $2,194,000 after purchasing an additional 71,401 shares during the last quarter. Denali Advisors LLC grew its stake in Byline Bancorp by 32.3% in the 4th quarter. Denali Advisors LLC now owns 125,752 shares of the company’s stock worth $3,666,000 after buying an additional 30,711 shares in the last quarter. Finally, Tudor Investment Corp ET AL grew its stake in Byline Bancorp by 33.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 116,780 shares of the company’s stock worth $3,238,000 after buying an additional 29,008 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.
Byline Bancorp Company Profile
Byline Bancorp, Inc is the bank holding company for Byline Bank, a full-service commercial bank headquartered in Chicago, Illinois. Established under its current name in 2016, the company operates as a community-focused financial institution offering a broad array of banking products and services to corporate, professional and consumer clients.
On the commercial banking side, Byline Bancorp serves small and midsize businesses, real estate developers, professional services firms and nonprofit organizations.
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