Stephens reissued their buy rating on shares of Byline Bancorp (NYSE:BY) in a research note issued to investors on Monday, TipRanks reports. Stephens currently has a $17.00 price target on the stock.

Several other brokerages have also recently weighed in on BY. Zacks Investment Research raised shares of Byline Bancorp from a sell rating to a hold rating in a research report on Tuesday, February 4th. ValuEngine cut shares of Byline Bancorp from a hold rating to a sell rating in a research report on Friday, March 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. Byline Bancorp has a consensus rating of Hold and a consensus target price of $19.50.

BY stock opened at $9.68 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.91 and a current ratio of 0.91. Byline Bancorp has a 52 week low of $8.13 and a 52 week high of $20.73. The firm’s fifty day moving average is $15.88 and its 200 day moving average is $17.97. The firm has a market cap of $344.84 million, a P/E ratio of 6.54, a P/E/G ratio of 0.61 and a beta of 1.07.

Byline Bancorp (NYSE:BY) last released its earnings results on Thursday, January 23rd. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. Byline Bancorp had a net margin of 17.80% and a return on equity of 8.78%. The company had revenue of $68.43 million for the quarter, compared to analyst estimates of $68.50 million. As a group, analysts forecast that Byline Bancorp will post 1.46 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 7th. Shareholders of record on Tuesday, March 24th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $0.12 annualized dividend and a yield of 1.24%. Byline Bancorp’s payout ratio is currently 7.41%.

A number of institutional investors and hedge funds have recently made changes to their positions in BY. Endeavour Capital Advisors Inc. lifted its position in shares of Byline Bancorp by 15.8% in the 4th 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 purchasing an additional 227,959 shares during the period. Millennium Management LLC lifted its position in shares of Byline Bancorp by 3,646.1% in the 3rd quarter. Millennium Management LLC now owns 187,307 shares of the company’s stock worth $3,349,000 after purchasing an additional 182,307 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Byline Bancorp by 21.4% in the 4th quarter. Russell Investments Group Ltd. now owns 351,020 shares of the company’s stock worth $6,867,000 after purchasing an additional 61,835 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Byline Bancorp by 183.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 75,433 shares of the company’s stock worth $1,476,000 after purchasing an additional 48,777 shares during the period. 35.20% of the stock is 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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