TheStreet Downgrades Byline Bancorp (NYSE:BY) to D

TheStreet lowered shares of Byline Bancorp (NYSE:BY) from a c- rating to a d rating in a research report sent to investors on Monday, TheStreetRatingsTable reports.

A number of other equities research analysts also recently weighed in on BY. Stephens restated a buy rating and issued a $17.00 target price on shares of Byline Bancorp in a research report on Monday. Zacks Investment Research upgraded Byline Bancorp from a sell rating to a hold rating in a research report on Tuesday, February 4th. Finally, ValuEngine downgraded Byline Bancorp from a hold rating to a sell rating in a research 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. Byline Bancorp has a consensus rating of Hold and a consensus price target of $19.50.

BY traded up $1.08 during trading on Monday, reaching $10.76. The stock had a trading volume of 171,159 shares, compared to its average volume of 127,889. The firm has a market capitalization of $373.67 million, a price-to-earnings ratio of 7.27, a price-to-earnings-growth ratio of 0.66 and a beta of 1.07. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.66. Byline Bancorp has a 1-year low of $8.13 and a 1-year high of $20.73. The stock has a 50 day moving average of $15.88 and a two-hundred day moving average of $17.97.

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

The business also recently declared 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. The ex-dividend date is Monday, March 23rd. This represents a $0.12 annualized dividend and a dividend yield of 1.12%. Byline Bancorp’s dividend payout ratio is currently 7.41%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE bought a new position in shares of Byline Bancorp in the fourth quarter valued at $39,000. Citigroup Inc. increased its holdings in shares of Byline Bancorp by 95.1% in the fourth quarter. Citigroup Inc. now owns 4,728 shares of the company’s stock valued at $93,000 after buying an additional 2,305 shares in the last quarter. Paradigm Asset Management Co. LLC bought a new position in shares of Byline Bancorp in the fourth quarter valued at $106,000. Victory Capital Management Inc. increased its holdings in shares of Byline Bancorp by 59.6% in the fourth quarter. Victory Capital Management Inc. now owns 6,991 shares of the company’s stock valued at $137,000 after buying an additional 2,610 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY increased its holdings in shares of Byline Bancorp by 40.5% in the third quarter. Metropolitan Life Insurance Co NY now owns 8,071 shares of the company’s stock valued at $144,000 after buying an additional 2,326 shares in the last quarter. 35.20% of the stock is currently owned by institutional investors.

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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