Byline Bancorp (NYSE:BY) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Monday, ValuEngine reports.

Other analysts have also issued research reports about the company. TheStreet lowered Byline Bancorp from a “c-” rating to a “d” rating in a research note on Monday, March 23rd. Zacks Investment Research upgraded shares of Byline Bancorp from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 27th. Finally, Stephens reiterated a “buy” rating and set a $17.00 price target on shares of Byline Bancorp in a report on Monday, March 23rd. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $19.50.

Shares of BY traded up $1.02 on Monday, reaching $12.81. The stock had a trading volume of 71,359 shares, compared to its average volume of 120,302. Byline Bancorp has a twelve month low of $8.13 and a twelve month high of $20.73. The firm has a market capitalization of $493.18 million, a PE ratio of 10.59, a PEG ratio of 1.48 and a beta of 1.56. The firm has a 50-day moving average of $11.98 and a 200 day moving average of $14.85.

Byline Bancorp (NYSE:BY) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.18). The firm had revenue of $62.00 million for the quarter, compared to analyst estimates of $64.53 million. Byline Bancorp had a return on equity of 7.06% and a net margin of 14.82%. As a group, equities analysts anticipate that Byline Bancorp will post 0.8 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GFS Advisors LLC acquired a new stake in shares of Byline Bancorp during the 1st quarter valued at approximately $21,141,000. Russell Investments Group Ltd. increased its stake in Byline Bancorp by 124.1% during the first quarter. Russell Investments Group Ltd. now owns 786,690 shares of the company’s stock valued at $8,158,000 after purchasing an additional 435,670 shares during the last quarter. Endeavour Capital Advisors Inc. raised its holdings in shares of Byline Bancorp by 15.8% during the fourth quarter. Endeavour Capital Advisors Inc. now owns 1,942,666 shares of the company’s stock worth $38,018,000 after purchasing an additional 264,494 shares during the period. Banc Funds Co. LLC lifted its position in shares of Byline Bancorp by 43.7% in the 4th quarter. Banc Funds Co. LLC now owns 749,865 shares of the company’s stock worth $14,675,000 after buying an additional 227,959 shares during the last quarter. Finally, Monarch Partners Asset Management LLC acquired a new position in shares of Byline Bancorp in the 1st quarter valued at about $538,000. 40.91% of the stock is currently owned by institutional investors and hedge funds.

About Byline Bancorp

Byline Bancorp, Inc operates as the bank holding company for Byline Bank that provides a range of banking products and services to small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the United States. It offers non-interest bearing accounts, money market demand accounts, savings accounts, interest bearing checking accounts, and time deposits, as well as certificates of deposit.

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