Byline Bancorp (NYSE:BY) Stock Rating Upgraded by ValuEngine
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.
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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