Byline Bancorp, Inc. (NYSE:BY) – Research analysts at FIG Partners decreased their FY2017 earnings estimates for Byline Bancorp in a research report issued on Wednesday. FIG Partners analyst B. Martin now forecasts that the company will post earnings of $0.92 per share for the year, down from their prior forecast of $0.94. FIG Partners currently has a “Market Perform” rating and a $22.50 target price on the stock. FIG Partners also issued estimates for Byline Bancorp’s Q4 2017 earnings at $0.25 EPS, Q1 2018 earnings at $0.23 EPS, Q2 2018 earnings at $0.26 EPS, Q3 2018 earnings at $0.28 EPS, Q4 2018 earnings at $0.29 EPS, FY2018 earnings at $1.05 EPS and FY2019 earnings at $1.25 EPS.

Several other equities research analysts also recently issued reports on the stock. Piper Jaffray Companies started coverage on shares of Byline Bancorp in a research note on Tuesday, July 25th. They issued an “overweight” rating and a $25.00 price objective on the stock. Bank of America Corporation started coverage on shares of Byline Bancorp in a research note on Tuesday, July 25th. They issued a “buy” rating and a $25.00 price objective on the stock. Keefe, Bruyette & Woods started coverage on shares of Byline Bancorp in a research note on Tuesday, July 25th. They issued a “market perform” rating and a $22.00 price objective on the stock. Stephens started coverage on shares of Byline Bancorp in a research note on Wednesday, July 26th. They issued an “equal weight” rating on the stock. Finally, Zacks Investment Research downgraded shares of Byline Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $23.50.

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Hedge funds have recently modified their holdings of the stock. Balyasny Asset Management LLC bought a new position in Byline Bancorp in the second quarter worth $341,000. Laurion Capital Management LP bought a new position in Byline Bancorp in the second quarter worth $401,000. Blair William & Co. IL bought a new position in Byline Bancorp in the second quarter worth $401,000. Goldman Sachs Group Inc. bought a new position in Byline Bancorp in the second quarter worth $571,000. Finally, Tudor Investment Corp ET AL bought a new position in Byline Bancorp in the second quarter worth $1,003,000. 20.08% of the stock is owned by hedge funds and other institutional investors.

About Byline Bancorp

Byline Bancorp, Inc is a bank holding company. The Company operates through its subsidiary, Byline Bank (the Bank). Byline Bank is a full service commercial bank. The Bank operates through 56 branches in the Chicago metropolitan area. The Bank offers a broad range of banking products and services to small and medium sized businesses, commercial real estate and financial sponsors, and to consumers.

Earnings History and Estimates for Byline Bancorp (NYSE:BY)

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