Piper Sandler analyst Nathan Race maintained a Buy rating on Byline Bancorp (BY – Research Report) today and set a price target of $25.00. The company’s shares closed yesterday at $19.04.
Race covers the Financial sector, focusing on stocks such as Midland States Bancrop, Byline Bancorp, and Horizon Bancorp. According to TipRanks, Race has an average return of 4.8% and a 42.17% success rate on recommended stocks.
Byline Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $23.67.
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Based on Byline Bancorp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $90.46 million and a net profit of $26.11 million. In comparison, last year the company earned a revenue of $75.79 million and had a net profit of $20.28 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 (BY) Company Description:
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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