Stephens Reaffirms Buy Rating for Byline Bancorp (NYSE:BY)

Stephens reissued their buy rating on shares of Byline Bancorp (NYSE:BY) in a research report report published on Monday, TipRanks reports. The firm currently has a $17.00 price target on the stock.

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Byline Bancorp from a sell rating to a hold rating in a report on Tuesday, February 4th. ValuEngine cut Byline Bancorp from a hold rating to a sell rating in a report on Friday, March 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $19.50.

Shares of BY stock opened at $10.76 on Monday. The stock has a market capitalization of $373.67 million, a PE ratio of 7.27, a P/E/G ratio of 0.66 and a beta of 1.07. Byline Bancorp has a 1-year low of $8.13 and a 1-year high of $20.73. The business has a 50-day moving average of $15.88 and a 200 day moving average of $17.97. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.91 and a quick ratio of 0.91.

Byline Bancorp (NYSE:BY) last issued its earnings results on Thursday, January 23rd. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. Byline Bancorp had a return on equity of 8.78% and a net margin of 17.80%. The company had revenue of $68.43 million during the quarter, compared to analysts’ expectations of $68.50 million. Analysts anticipate that Byline Bancorp will post 1.46 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 7th. Shareholders of record on Tuesday, March 24th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.12%. The ex-dividend date is Monday, March 23rd. Byline Bancorp’s dividend payout ratio (DPR) is currently 7.41%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nuveen Asset Management LLC lifted its holdings in Byline Bancorp by 0.7% in the 4th quarter. Nuveen Asset Management LLC now owns 115,148 shares of the company’s stock worth $2,253,000 after buying an additional 828 shares during the period. Geode Capital Management LLC lifted its holdings in Byline Bancorp by 11.8% in the 4th quarter. Geode Capital Management LLC now owns 308,525 shares of the company’s stock worth $6,037,000 after buying an additional 32,486 shares during the period. Endeavour Capital Advisors Inc. lifted its holdings in 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 buying an additional 264,494 shares during the period. Zebra Capital Management LLC purchased a new stake in Byline Bancorp in the 4th quarter worth approximately $496,000. Finally, AQR Capital Management LLC purchased a new stake in Byline Bancorp in the 4th quarter worth approximately $662,000. Institutional investors and hedge funds own 35.20% of the company’s stock.

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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