Byline Bancorp (NYSE:BY) Now Covered by Analysts at Keefe, Bruyette & Woods

Equities researchers at Keefe, Bruyette & Woods began coverage on shares of Byline Bancorp (NYSE:BY) in a report released on Tuesday, July 25th, MarketBeat reports. The brokerage set a “market perform” rating and a $22.00 price target on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 6.08% from the stock’s current price.

Separately, Piper Jaffray Companies started coverage on Byline Bancorp in a research note on Tuesday, July 25th. They set an “overweight” rating and a $25.00 price objective on the stock.

Byline Bancorp (NYSE BY) traded up 0.34% on Tuesday, reaching $20.74. The company had a trading volume of 26,289 shares. The firm’s market capitalization is $588.85 million. Byline Bancorp has a 12 month low of $19.29 and a 12 month high of $21.49. The stock has a 50 day moving average of $20.57 and a 200 day moving average of $20.57.

Byline Bancorp (NYSE:BY) last announced its quarterly earnings data on Thursday, July 27th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.39. The business had revenue of $43 million during the quarter. On average, analysts anticipate that Byline Bancorp will post $0.94 EPS for the current year.

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In related news, CFO Lindsay Y. Corby bought 4,000 shares of the stock in a transaction dated Thursday, July 6th. The stock was bought at an average cost of $19.00 per share, with a total value of $76,000.00. Following the completion of the acquisition, the chief financial officer now owns 9,271 shares of the company’s stock, valued at $176,149. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Thomas J. Bell III bought 3,000 shares of the stock in a transaction dated Thursday, July 6th. The shares were bought at an average cost of $19.00 per share, with a total value of $57,000.00. Following the completion of the acquisition, the senior vice president now directly owns 5,905 shares of the company’s stock, valued at approximately $112,195. The disclosure for this purchase can be found here. Insiders have acquired 42,057 shares of company stock worth $765,320 in the last 90 days.

Several institutional investors have recently bought and sold shares of the stock. Balyasny Asset Management LLC bought a new position in Byline Bancorp during the second quarter valued at approximately $341,000. Laurion Capital Management LP bought a new position in Byline Bancorp during the second quarter valued at approximately $401,000. Blair William & Co. IL bought a new position in Byline Bancorp during the second quarter valued at approximately $401,000. Goldman Sachs Group Inc. bought a new position in Byline Bancorp during the second quarter valued at approximately $571,000. Finally, Tudor Investment Corp ET AL bought a new position in Byline Bancorp during the second quarter valued at approximately $1,003,000. 2.77% of the stock is owned by institutional investors.

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.

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