Piper Jaffray Companies Reaffirms Buy Rating for Byline Bancorp, Inc. (BY)

Piper Jaffray Companies reissued their buy rating on shares of Byline Bancorp, Inc. (NYSE:BY) in a report released on Friday, October 6th. The firm currently has a $25.00 price objective on the stock.

A number of other research firms have also recently weighed in on BY. Zacks Investment Research cut shares of Byline Bancorp from a buy rating to a hold rating in a report on Wednesday, September 27th. FIG Partners initiated coverage on shares of Byline Bancorp in a report on Tuesday, October 3rd. They issued a market perform rating and a $22.50 price target on the stock. Bank of America Corporation initiated coverage on shares of Byline Bancorp in a research note on Tuesday, July 25th. They issued a buy rating and a $25.00 target price for the company. Keefe, Bruyette & Woods initiated coverage on shares of Byline Bancorp in a research note on Tuesday, July 25th. They issued a market perform rating and a $22.00 target price for the company. Finally, Stephens initiated coverage on shares of Byline Bancorp in a research note on Wednesday, July 26th. They issued an equal weight rating for the company. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $23.70.

Shares of Byline Bancorp (NYSE:BY) opened at 20.60 on Friday. The firm’s market capitalization is $603.68 million. The company has a 50-day moving average price of $20.95 and a 200-day moving average price of $20.76. Byline Bancorp has a 12-month low of $19.29 and a 12-month high of $21.82.

Byline Bancorp (NYSE:BY) last released its quarterly earnings results on Thursday, July 27th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.39). The firm had revenue of $43.00 million for the quarter. Equities analysts predict that Byline Bancorp will post $0.94 EPS for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Balyasny Asset Management LLC acquired a new stake in Byline Bancorp during the 2nd quarter valued at approximately $341,000. Laurion Capital Management LP acquired a new stake in Byline Bancorp during the 2nd quarter valued at approximately $401,000. Blair William & Co. IL acquired a new stake in Byline Bancorp during the 2nd quarter valued at approximately $401,000. Goldman Sachs Group Inc. acquired a new stake in Byline Bancorp during the 2nd quarter valued at approximately $571,000. Finally, Tudor Investment Corp ET AL acquired a new stake in Byline Bancorp during the 2nd quarter valued at approximately $1,003,000. Institutional investors and hedge funds own 20.06% of the company’s stock.

About Byline Bancorp

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.

Analyst Recommendations for Byline Bancorp (NYSE:BY)

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