Shares of Byline Bancorp Inc (NYSE:BY) have been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $23.50.
Several equities analysts recently weighed in on BY shares. ValuEngine upgraded Byline Bancorp from a “hold” rating to a “buy” rating in a research report on Monday. Zacks Investment Research upgraded Byline Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, June 27th. Finally, Sandler O’Neill started coverage on Byline Bancorp in a research report on Wednesday, May 30th. They set a “hold” rating and a $23.00 target price on the stock.
Institutional investors have recently made changes to their positions in the company. Barclays PLC lifted its position in shares of Byline Bancorp by 668.7% in the first quarter. Barclays PLC now owns 8,079 shares of the company’s stock valued at $185,000 after acquiring an additional 7,028 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in shares of Byline Bancorp in the first quarter valued at about $187,000. Granite Investment Partners LLC purchased a new position in shares of Byline Bancorp in the second quarter valued at about $226,000. American International Group Inc. lifted its position in shares of Byline Bancorp by 140.7% in the first quarter. American International Group Inc. now owns 10,737 shares of the company’s stock valued at $246,000 after acquiring an additional 6,276 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of Byline Bancorp by 89.7% in the first quarter. New York State Common Retirement Fund now owns 11,000 shares of the company’s stock valued at $252,000 after acquiring an additional 5,200 shares in the last quarter. Institutional investors and hedge funds own 26.25% of the company’s stock.
Shares of BY opened at $22.87 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.93 and a quick ratio of 0.93. Byline Bancorp has a one year low of $19.02 and a one year high of $24.80. The firm has a market capitalization of $827.60 million, a P/E ratio of 43.98, a PEG ratio of 1.86 and a beta of -0.21.
Byline Bancorp (NYSE:BY) last issued its quarterly earnings data on Friday, July 27th. The company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.04. Byline Bancorp had a return on equity of 6.90% and a net margin of 9.06%. The company had revenue of $53.56 million during the quarter, compared to analyst estimates of $49.80 million. equities research analysts predict that Byline Bancorp will post 1.23 EPS for the current fiscal year.
Byline Bancorp Company Profile
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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