A number of other brokerages have also commented on BY. FIG Partners initiated coverage on Byline Bancorp in a research report on Tuesday, October 3rd. They issued a market perform rating and a $22.50 target price on the stock. Zacks Investment Research raised Byline Bancorp from a sell rating to a hold rating in a report on Tuesday, December 5th. Finally, Piper Jaffray Companies reissued a buy rating and issued a $25.00 price target on shares of Byline Bancorp in a report on Friday, October 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of Buy and an average price target of $24.90.
Shares of Byline Bancorp (BY) opened at $22.68 on Friday. The company has a market capitalization of $664.81 and a P/E ratio of 8.69. Byline Bancorp has a 52-week low of $19.02 and a 52-week high of $23.65. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.88 and a quick ratio of 0.88.
A number of large investors have recently made changes to their positions in BY. Lord Abbett & CO. LLC acquired a new position in Byline Bancorp in the second quarter valued at approximately $8,980,000. Jennison Associates LLC lifted its holdings in Byline Bancorp by 35.1% in the fourth quarter. Jennison Associates LLC now owns 855,586 shares of the company’s stock valued at $19,653,000 after acquiring an additional 222,371 shares during the period. Stifel Financial Corp acquired a new position in Byline Bancorp in the second quarter valued at approximately $3,546,000. KEMPER Corp acquired a new position in Byline Bancorp in the second quarter valued at approximately $4,376,000. Finally, Eagle Boston Investment Management Inc. acquired a new position in Byline Bancorp in the third quarter valued at approximately $4,511,000. 22.84% of the stock is owned by institutional investors.
COPYRIGHT VIOLATION NOTICE: “Byline Bancorp (BY) Rating Reiterated by Keefe, Bruyette & Woods” was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://www.com-unik.info/2018/01/27/byline-bancorp-by-rating-reiterated-by-keefe-bruyette-woods.html.
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.
Receive News & Ratings for Byline Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Byline Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.