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

Brokerages have set a one year consensus price target of $24.00 for the company, according to Zacks. Zacks has also assigned Byline Bancorp an industry rank of 57 out of 265 based on the ratings given to related companies.

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

Byline Bancorp (NYSE:BY) traded up 1.24% during mid-day trading on Monday, hitting $20.38. The company had a trading volume of 104,553 shares. The stock has a 50 day moving average price of $20.85 and a 200-day moving average price of $20.74. The stock’s market capitalization is $597.24 million. Byline Bancorp has a 1-year low of $19.29 and a 1-year high of $21.70.

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

In other Byline Bancorp news, Director Roberto R. Herencia acquired 34,807 shares of the company’s stock in a transaction dated Thursday, July 6th. The shares were purchased at an average cost of $18.03 per share, for a total transaction of $627,570.21. Following the completion of the purchase, the director now owns 81,435 shares in the company, valued at $1,468,273.05. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Lindsay Y. Corby acquired 4,000 shares of the company’s stock in a transaction dated Thursday, July 6th. The shares were acquired at an average price of $19.00 per share, for a total transaction of $76,000.00. Following the completion of the purchase, the chief financial officer now owns 9,271 shares of the company’s stock, valued at approximately $176,149. The disclosure for this purchase can be found here. Insiders acquired a total of 42,057 shares of company stock worth $765,320 over the last 90 days.

A number of large investors have recently bought and sold shares of the stock. Balyasny Asset Management LLC purchased a new stake in Byline Bancorp during the second quarter valued at approximately $341,000. Laurion Capital Management LP purchased a new stake in Byline Bancorp during the second quarter valued at approximately $401,000. Blair William & Co. IL purchased a new stake in Byline Bancorp during the second quarter valued at approximately $401,000. Goldman Sachs Group Inc. purchased a new stake in Byline Bancorp during the second quarter valued at approximately $571,000. Finally, Tudor Investment Corp ET AL purchased a new stake in Byline Bancorp during the second quarter valued at approximately $1,003,000. 20.06% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of United States & international copyright and trademark laws. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/18/zacks-byline-bancorp-inc-by-given-24-00-consensus-target-price-by-analysts.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.

Get a free copy of the Zacks research report on Byline Bancorp (BY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Stock Ratings for Byline Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Byline Bancorp Inc. and related stocks with our FREE daily email newsletter.