Byline Bancorp (BY) Raised to Outperform at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Byline Bancorp (NYSE:BY) from a market perform rating to an outperform rating in a research note released on Wednesday, MarketBeat Ratings reports. The brokerage currently has $22.00 price target on the stock.

A number of other equities analysts also recently weighed in on BY. Zacks Investment Research raised shares of Byline Bancorp from a hold rating to a buy rating and set a $24.00 target price for the company in a research note on Tuesday, September 26th. FIG Partners started coverage on shares of Byline Bancorp in a research note on Tuesday, October 3rd. They set a market perform rating and a $22.50 target price for the company. Finally, Piper Jaffray Companies reaffirmed a buy rating and set a $25.00 target price on shares of Byline Bancorp in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $23.70.

Byline Bancorp (BY) opened at $21.93 on Wednesday. Byline Bancorp has a one year low of $19.02 and a one year high of $22.85. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.52.

Several large investors have recently modified their holdings of the business. LMR Partners LLP acquired a new stake in shares of Byline Bancorp in the second quarter valued at about $1,023,000. Blair William & Co. IL purchased a new position in Byline Bancorp during the second quarter worth about $401,000. Jennison Associates LLC purchased a new position in Byline Bancorp during the second quarter worth about $11,352,000. Kennedy Capital Management Inc. purchased a new position in Byline Bancorp during the second quarter worth about $3,022,000. Finally, Laurion Capital Management LP purchased a new position in Byline Bancorp during the second quarter worth about $401,000. 22.84% of the stock is owned by institutional investors and hedge funds.

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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.

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