Byline Bancorp (NYSE:BY) issued its quarterly earnings data on Thursday. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by $0.39, Morningstar.com reports. The firm had revenue of $43 million for the quarter.
Byline Bancorp (NYSE:BY) traded down 0.34% on Friday, reaching $20.45. 71,114 shares of the company traded hands. The stock’s 50 day moving average price is $16.69 and its 200 day moving average price is $16.69. Byline Bancorp has a one year low of $9.90 and a one year high of $21.39. The company’s market capitalization is $580.62 million.
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A number of brokerages have recently issued reports on BY. Piper Jaffray Companies began coverage on shares of Byline Bancorp in a report on Tuesday. They set an “overweight” rating and a $25.00 price objective for the company. Stephens began coverage on shares of Byline Bancorp in a report on Wednesday. They set an “equal weight” rating on the stock. Bank of America Corporation began coverage on shares of Byline Bancorp in a report on Tuesday. They set a “buy” rating and a $25.00 price target on the stock. Finally, Keefe, Bruyette & Woods began coverage on shares of Byline Bancorp in a report on Tuesday. They set a “market perform” rating and a $22.00 price target on the stock.
In other news, Director Roberto R. Herencia acquired 34,807 shares of Byline Bancorp stock in a transaction on Thursday, July 6th. The stock was acquired at an average cost of $18.03 per share, for a total transaction of $627,570.21. Following the purchase, the director now owns 81,435 shares in the company, valued at $1,468,273.05. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Thomas J. Bell III acquired 3,000 shares of Byline Bancorp stock in a transaction on Thursday, July 6th. The shares were purchased at an average price of $19.00 per share, with a total value of $57,000.00. Following the completion of the purchase, the senior vice president now owns 5,905 shares in the company, valued at approximately $112,195. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 42,057 shares of company stock valued at $765,320.
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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