Q2 2018 EPS Estimates for Byline Bancorp, Inc. Reduced by FIG Partners (BY)
Byline Bancorp, Inc. (NYSE:BY) – Stock analysts at FIG Partners decreased their Q2 2018 EPS estimates for shares of Byline Bancorp in a research report issued to clients and investors on Thursday. FIG Partners analyst B. Martin now expects that the company will post earnings per share of $0.25 for the quarter, down from their previous forecast of $0.26. FIG Partners has a “Market Perform” rating and a $22.50 price objective on the stock. FIG Partners also issued estimates for Byline Bancorp’s Q1 2019 earnings at $0.31 EPS, Q2 2019 earnings at $0.34 EPS and Q3 2019 earnings at $0.37 EPS.
Several other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Byline Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $22.00 price objective on shares of Byline Bancorp in a report on Tuesday, October 3rd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $25.00 target price on shares of Byline Bancorp in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.70.
A number of hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System purchased a new stake in shares of Byline Bancorp in the third quarter worth $227,000. Bank of New York Mellon Corp bought a new position in shares of Byline Bancorp during the third quarter worth $313,000. Balyasny Asset Management LLC bought a new position in shares of Byline Bancorp during the second quarter worth $341,000. Laurion Capital Management LP bought a new position in shares of Byline Bancorp during the second quarter worth $401,000. Finally, Blair William & Co. IL bought a new position in shares of Byline Bancorp during the second quarter worth $401,000. 22.84% of the stock is owned by institutional investors and hedge funds.
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.
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