Byline Bancorp (NYSE:BY) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Monday, September 17th.
Other research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Byline Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, June 27th. Sandler O’Neill started coverage on Byline Bancorp in a research note on Wednesday, May 30th. They issued a “hold” rating and a $23.00 target price on the stock.
Shares of BY stock traded down $0.29 on Monday, reaching $21.23. 57,481 shares of the company’s stock traded hands, compared to its average volume of 72,519. Byline Bancorp has a 12-month low of $19.02 and a 12-month high of $24.80. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $822.17 million, a price-to-earnings ratio of 40.83, a P/E/G ratio of 1.85 and a beta of -0.19.
Several large investors have recently made changes to their positions in BY. Wells Fargo & Company MN grew its holdings in Byline Bancorp by 27.0% during the 1st quarter. Wells Fargo & Company MN now owns 11,843 shares of the company’s stock worth $272,000 after acquiring an additional 2,515 shares in the last quarter. Rhumbline Advisers bought a new position in Byline Bancorp during the 1st quarter worth about $318,000. Schwab Charles Investment Management Inc. grew its holdings in Byline Bancorp by 88.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 47,844 shares of the company’s stock worth $1,098,000 after acquiring an additional 22,519 shares in the last quarter. American International Group Inc. grew its holdings in Byline Bancorp by 140.7% during the 1st quarter. American International Group Inc. now owns 10,737 shares of the company’s stock worth $246,000 after acquiring an additional 6,276 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Byline Bancorp by 112.6% during the 1st quarter. Northern Trust Corp now owns 149,062 shares of the company’s stock worth $3,418,000 after acquiring an additional 78,935 shares in the last quarter. 26.29% of the stock is owned by institutional investors.
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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