Byline Bancorp (NYSE:BY) Downgraded to D at TheStreet

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

BY has been the subject of several other reports. ValuEngine cut Byline Bancorp from a hold rating to a sell rating in a report on Friday, March 6th. Stephens reissued a buy rating and issued a $17.00 price target on shares of Byline Bancorp in a report on Monday. Finally, Zacks Investment Research raised Byline Bancorp from a sell rating to a hold rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $19.50.

Byline Bancorp stock traded up $1.08 during mid-day trading on Monday, reaching $10.76. 171,159 shares of the company were exchanged, compared to its average volume of 127,889. Byline Bancorp has a twelve month low of $8.13 and a twelve month high of $20.73. The firm’s 50-day simple moving average is $15.88 and its two-hundred day simple moving average is $17.97. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $373.67 million, a PE ratio of 7.27, a price-to-earnings-growth ratio of 0.66 and a beta of 1.07.

Byline Bancorp (NYSE:BY) last posted its quarterly earnings data 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. Byline Bancorp had a return on equity of 8.78% and a net margin of 17.80%. The company had revenue of $68.43 million during the quarter, compared to analysts’ expectations of $68.50 million. As a group, equities research analysts anticipate that Byline Bancorp will post 1.46 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 7th. Stockholders of record on Tuesday, March 24th will be issued a $0.03 dividend. The ex-dividend date of this dividend 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%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Endeavour Capital Advisors Inc. increased its stake in Byline Bancorp by 15.8% in the 4th quarter. Endeavour Capital Advisors Inc. now owns 1,942,666 shares of the company’s stock valued at $38,018,000 after purchasing an additional 264,494 shares in the last quarter. Banc Funds Co. LLC increased its position in Byline Bancorp by 43.7% during the fourth quarter. Banc Funds Co. LLC now owns 749,865 shares of the company’s stock worth $14,675,000 after buying an additional 227,959 shares in the last quarter. Millennium Management LLC increased its position in Byline Bancorp by 3,646.1% during the third quarter. Millennium Management LLC now owns 187,307 shares of the company’s stock worth $3,349,000 after buying an additional 182,307 shares in the last quarter. Russell Investments Group Ltd. increased its position in Byline Bancorp by 21.4% during the fourth quarter. Russell Investments Group Ltd. now owns 351,020 shares of the company’s stock worth $6,867,000 after buying an additional 61,835 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Byline Bancorp by 183.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 75,433 shares of the company’s stock worth $1,476,000 after buying an additional 48,777 shares in the last quarter. 35.20% of the stock is owned by institutional investors and hedge funds.

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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