Byline Bancorp, Inc. (BY) Given “Hold” Rating at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their hold rating on shares of Byline Bancorp, Inc. (NYSE:BY) in a research report sent to investors on Wednesday, November 1st. The firm currently has a $21.00 target price on the stock.

A number of other brokerages have also recently commented on BY. Piper Jaffray Companies assumed coverage on Byline Bancorp in a research report on Tuesday, July 25th. They issued an overweight rating and a $25.00 price target on the stock. Zacks Investment Research raised Byline Bancorp from a hold rating to a buy rating and set a $24.00 price target on the stock in a research report on Tuesday, September 26th. FIG Partners assumed coverage on Byline Bancorp in a research report on Tuesday, October 3rd. They issued a market perform rating and a $22.50 price target on the stock. Stephens assumed coverage on Byline Bancorp in a research report on Wednesday, July 26th. They issued an equal weight rating on the stock. Finally, Bank of America Corporation assumed coverage on Byline Bancorp in a research report on Tuesday, July 25th. They issued a buy rating and a $25.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Byline Bancorp currently has a consensus rating of Hold and a consensus price target of $23.50.

Byline Bancorp (BY) traded up $0.40 during mid-day trading on Wednesday, hitting $19.91. The company’s stock had a trading volume of 25,636 shares, compared to its average volume of 66,032. Byline Bancorp has a 1 year low of $19.11 and a 1 year high of $21.82. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.52.

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A number of hedge funds have recently added to or reduced their stakes in BY. LMR Partners LLP bought a new position in Byline Bancorp in the 2nd quarter valued at approximately $1,023,000. Blair William & Co. IL bought a new position in Byline Bancorp in the 2nd quarter valued at approximately $401,000. Jennison Associates LLC bought a new position in Byline Bancorp in the 2nd quarter valued at approximately $11,352,000. Kennedy Capital Management Inc. bought a new position in Byline Bancorp in the 2nd quarter valued at approximately $3,022,000. Finally, Laurion Capital Management LP bought a new position in Byline Bancorp in the 2nd quarter valued at approximately $401,000. 22.63% of the stock is currently owned by institutional investors and hedge funds.

Byline Bancorp Company Profile

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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