Shares of Byline Bancorp, Inc. (NYSE:BY) have earned an average broker rating score of 1.67 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and two have given a strong buy rating to the company.

Brokerages have set a 12 month consensus price target of $24.00 for the company, according to Zacks. Zacks has also given Byline Bancorp an industry rank of 65 out of 265 based on the ratings given to its competitors.

Several research analysts have recently weighed in on the stock. Bank of America Corporation assumed coverage on shares of Byline Bancorp in a report on Tuesday, July 25th. They set a “buy” rating and a $25.00 price objective on the stock. Keefe, Bruyette & Woods assumed coverage on shares of Byline Bancorp in a report on Tuesday, July 25th. They set a “market perform” rating and a $22.00 price objective on the stock. Piper Jaffray Companies assumed coverage on shares of Byline Bancorp in a report on Tuesday, July 25th. They set an “overweight” rating and a $25.00 price objective on the stock. Finally, Stephens assumed coverage on shares of Byline Bancorp in a report on Wednesday, July 26th. They set an “equal weight” rating on the stock.

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In other news, CFO Lindsay Y. Corby acquired 4,000 shares of the stock in a transaction on Thursday, July 6th. The stock was bought at an average price of $19.00 per share, with a total value of $76,000.00. Following the completion of the transaction, the chief financial officer now directly owns 9,271 shares of the company’s stock, valued at $176,149. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Thomas J. Bell III acquired 3,000 shares of the stock in a transaction on Thursday, July 6th. The stock was purchased at an average cost of $19.00 per share, with a total value of $57,000.00. Following the transaction, the senior vice president now directly owns 5,905 shares of the company’s stock, valued at $112,195. The disclosure for this purchase can be found here. Insiders acquired 42,057 shares of company stock valued at $765,320 in the last ninety days.

A number of large investors have recently modified their holdings of the business. Jennison Associates LLC purchased a new position in shares of Byline Bancorp during the 2nd quarter valued at approximately $11,352,000. Lord Abbett & CO. LLC purchased a new position in shares of Byline Bancorp during the 2nd quarter valued at approximately $8,980,000. Banc Funds Co. LLC purchased a new position in shares of Byline Bancorp during the 2nd quarter valued at approximately $8,622,000. Castine Capital Management LLC purchased a new position in shares of Byline Bancorp during the 2nd quarter valued at approximately $4,466,000. Finally, Stifel Financial Corp purchased a new position in shares of Byline Bancorp during the 2nd quarter valued at approximately $3,546,000. 20.06% of the stock is owned by institutional investors.

Shares of Byline Bancorp (BY) opened at 21.17 on Friday. The company’s 50-day moving average is $20.86 and its 200 day moving average is $20.73. Byline Bancorp has a 52-week low of $19.29 and a 52-week high of $21.70. The firm’s market capitalization is $620.39 million.

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

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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