Byline Bancorp (BY) Rating Increased to Buy at Zacks Investment Research

Byline Bancorp (NYSE:BY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The brokerage currently has a $25.00 target price on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 8.46% from the stock’s previous close.

According to Zacks, “Byline Bancorp, Inc. operates as a bank holding company serving small- and medium-sized businesses, financial sponsors and consumers. The Company offers saving accounts, credit cards, loans, mortgages, lending, equipment leasing, cash management and online banking services. Byline Bancorp, Inc. is headquartered in Chicago, Illinois. “

A number of other equities analysts have also recently commented on BY. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $27.00 target price on shares of Byline Bancorp in a research report on Friday, December 22nd. FIG Partners assumed coverage on shares of 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. 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Byline Bancorp currently has an average rating of “Buy” and a consensus target price of $24.90.

Byline Bancorp (NYSE:BY) opened at $23.05 on Friday. 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.

Institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System bought a new stake in Byline Bancorp in the 3rd quarter worth $227,000. Bank of New York Mellon Corp bought a new stake in Byline Bancorp in the 3rd quarter worth $313,000. Balyasny Asset Management LLC bought a new stake in Byline Bancorp in the 2nd quarter worth $341,000. Laurion Capital Management LP bought a new stake in Byline Bancorp in the 2nd quarter worth $401,000. Finally, Sei Investments Co. bought a new stake in Byline Bancorp in the 3rd quarter worth $478,000. 22.84% of the stock is currently owned by institutional investors and hedge funds.

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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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