Byline Bancorp's (BY) "Buy (B-)" Rating Reiterated at Weiss Ratings

Key Points

• Byline Bancorp has had its "buy (B-)" rating reaffirmed by Weiss Ratings, indicating confidence in the stock's performance among investors.
• The company's stock price decreased by 0.5% to $27.59 during mid-day trading, with a market capitalization of approximately $1.27 billion.
• Byline Bancorp reported strong quarterly earnings with an EPS of $0.75, surpassing analysts' expectations, and total revenue of $110.45 million.

Byline Bancorp (NYSE:BY - Get Free Report)'s stock had its "buy (b-)" rating restated by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Byline Bancorp Trading Down 0.5%

NYSE:BY traded down $0.15 during mid-day trading on Wednesday, hitting $27.59. 134,101 shares of the company's stock traded hands, compared to its average volume of 196,257. The firm has a 50 day moving average of $27.90 and a two-hundred day moving average of $26.76. Byline Bancorp has a 12 month low of $22.63 and a 12 month high of $32.89. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 10.29 and a beta of 0.86.

Byline Bancorp (NYSE:BY - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.08. Byline Bancorp had a return on equity of 10.98% and a net margin of 19.03%.The company had revenue of $110.45 million during the quarter, compared to the consensus estimate of $106.95 million. As a group, equities research analysts expect that Byline Bancorp will post 2.6 earnings per share for the current year.

Insider Transactions at Byline Bancorp

In other Byline Bancorp news, insider Dana Rose sold 1,999 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $28.76, for a total value of $57,491.24. Following the completion of the transaction, the insider directly owned 10,192 shares in the company, valued at $293,121.92. This trade represents a 16.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 28.79% of the company's stock.

Institutional Trading of Byline Bancorp

A number of institutional investors have recently bought and sold shares of the business. XTX Topco Ltd bought a new position in shares of Byline Bancorp in the first quarter worth $310,000. Cubist Systematic Strategies LLC increased its position in shares of Byline Bancorp by 179.0% in the first quarter. Cubist Systematic Strategies LLC now owns 43,179 shares of the company's stock worth $1,130,000 after purchasing an additional 27,704 shares during the period. Nuveen LLC bought a new position in shares of Byline Bancorp in the first quarter worth $6,848,000. American Century Companies Inc. increased its stake in shares of Byline Bancorp by 8.8% in the 1st quarter. American Century Companies Inc. now owns 690,304 shares of the company's stock valued at $18,058,000 after purchasing an additional 55,858 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. bought a new position in shares of Byline Bancorp in the 1st quarter valued at $7,791,000. Institutional investors own 67.73% of the company's stock.

About Byline Bancorp

Byline Bancorp, Inc operates as the bank holding company for Byline Bank that provides various banking products and services for small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the United States. It offers various retail deposit products, including non-interest-bearing accounts, money market demand accounts, savings accounts, interest-bearing checking accounts, and time deposits; ATM and debit cards; and online, mobile, and text banking services, as well as commercial deposits.

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