FIG Partners Weighs in on Byline Bancorp, Inc.’s Q3 2018 Earnings (BY)

Byline Bancorp, Inc. (NYSE:BY) – Equities research analysts at FIG Partners boosted their Q3 2018 earnings estimates for Byline Bancorp in a research note issued to investors on Thursday. FIG Partners analyst B. Martin now expects that the company will post earnings of $0.30 per share for the quarter, up from their prior forecast of $0.28. 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 2018 earnings at $0.32 EPS, FY2018 earnings at $1.11 EPS and FY2019 earnings at $1.43 EPS.

BY has been the topic of a number of other reports. Zacks Investment Research lowered shares of Byline Bancorp from a “hold” rating to a “strong sell” rating in a research note on Monday, October 30th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $21.00 price target on shares of Byline Bancorp in a research note on Wednesday, November 1st. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $25.00 price target on shares of Byline Bancorp in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Byline Bancorp presently has an average rating of “Hold” and a consensus target price of $23.70.

Byline Bancorp (NYSE:BY) opened at $21.93 on Monday. Byline Bancorp has a one year low of $19.02 and a one year high of $22.85. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.52.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Castine Capital Management LLC grew its position in Byline Bancorp by 34.0% during the third quarter. Castine Capital Management LLC now owns 298,478 shares of the company’s stock worth $6,345,000 after buying an additional 75,703 shares during the period. California State Teachers Retirement System acquired a new position in Byline Bancorp during the third quarter worth about $227,000. Schwab Charles Investment Management Inc. acquired a new position in Byline Bancorp during the third quarter worth about $516,000. Eagle Boston Investment Management Inc. acquired a new position in Byline Bancorp during the third quarter worth about $4,511,000. Finally, Russell Investments Group Ltd. acquired a new position in Byline Bancorp during the third quarter worth about $1,992,000. Institutional investors own 22.84% of the company’s stock.

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Byline Bancorp Company Profile

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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