In a report released today, Terry McEvoy from Stephens reiterated a Hold rating on Byline Bancorp (BY – Research Report), with a price target of $23.00. The company’s shares closed yesterday at $19.25.
McEvoy covers the Financial sector, focusing on stocks such as Old Second Bancorp, Truist Financial, and Civista Bancshares. According to TipRanks, McEvoy has an average return of 5.9% and a 58.22% success rate on recommended stocks.
Byline Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $23.67, implying a 22.96% upside from current levels. In a report released yesterday, KBW also maintained a Hold rating on the stock with a $23.00 price target.
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Based on Byline Bancorp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $20.82 million. In comparison, last year the company earned a revenue of $91.19 million and had a net profit of $31.58 million
Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BY in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Byline Bancorp, Inc. is a holding company, which engages in business through its subsidiary, Byline Bank, a full services commercial bank. It offers a broad range of banking products and service to small and medium sized businesses, commercial real estate and financial sponsors and to consumers in the branch areas. The company was founded on December 29, 1978 and is headquartered in Chicago, IL.
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