Shares of Byline Bancorp Inc (NYSE:BY) have earned a consensus rating of “Buy” from the six research firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $23.63.

Several research analysts have commented on the stock. Zacks Investment Research raised shares of Byline Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. FIG Partners assumed coverage on shares of Byline Bancorp in a research note on Tuesday, October 3rd. They set a “market perform” rating and a $22.50 price objective for the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $22.00 price objective on shares of Byline Bancorp in a research note on Tuesday, October 3rd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $25.00 price objective on shares of Byline Bancorp in a research note on Friday, October 6th.

Hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System bought a new stake in shares of Byline Bancorp during the third quarter worth $227,000. Bank of New York Mellon Corp bought a new stake in shares of Byline Bancorp during the third quarter worth $313,000. Balyasny Asset Management LLC bought a new stake in shares of Byline Bancorp during the second quarter worth $341,000. Laurion Capital Management LP bought a new stake in shares of Byline Bancorp during the second quarter worth $401,000. Finally, Blair William & Co. IL bought a new stake in shares of Byline Bancorp during the second quarter worth $401,000. 22.84% of the stock is owned by institutional investors.

Byline Bancorp (NYSE:BY) opened at $21.51 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.52. Byline Bancorp has a one year low of $19.02 and a one year high of $23.65.

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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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