Byline Bancorp (NYSE:BY) Stock Rating Reaffirmed by Piper Sandler

Byline Bancorp (NYSE:BY - Get Free Report)'s stock had its "overweight" rating reaffirmed by Piper Sandler in a report released on Tuesday, Benzinga reports. They presently have a $34.00 target price on the stock. Piper Sandler's target price would suggest a potential upside of 24.00% from the stock's previous close.

Several other research analysts also recently commented on BY. Keefe, Bruyette & Woods lifted their target price on Byline Bancorp from $25.00 to $29.00 and gave the stock a "market perform" rating in a research note on Monday, July 29th. Stephens lifted their price target on shares of Byline Bancorp from $27.00 to $29.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 30th.

Byline Bancorp Stock Performance

NYSE BY traded down $0.42 during trading hours on Tuesday, reaching $27.42. 119,510 shares of the company's stock were exchanged, compared to its average volume of 134,143. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 10.04 and a beta of 1.12. The company's 50-day moving average is $26.55 and its two-hundred day moving average is $24.90. Byline Bancorp has a one year low of $18.92 and a one year high of $29.49.

Insider Buying and Selling at Byline Bancorp

In related news, insider Brogan Ptacin sold 11,812 shares of the business's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $27.65, for a total value of $326,601.80. Following the completion of the sale, the insider now directly owns 25,588 shares of the company's stock, valued at $707,508.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider John Barkidjija sold 27,009 shares of Byline Bancorp stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $28.18, for a total value of $761,113.62. Following the completion of the transaction, the insider now owns 22,691 shares in the company, valued at $639,432.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brogan Ptacin sold 11,812 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $27.65, for a total value of $326,601.80. Following the sale, the insider now directly owns 25,588 shares in the company, valued at $707,508.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 30.06% of the company's stock.

Institutional Investors Weigh In On Byline Bancorp

Institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. bought a new position in Byline Bancorp during the 2nd quarter valued at approximately $26,000. CWM LLC boosted its holdings in shares of Byline Bancorp by 104.5% in the second quarter. CWM LLC now owns 1,323 shares of the company's stock worth $31,000 after buying an additional 676 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Byline Bancorp during the 2nd quarter valued at $48,000. Ashton Thomas Private Wealth LLC bought a new stake in Byline Bancorp during the second quarter valued at about $61,000. Finally, New York State Teachers Retirement System grew its stake in shares of Byline Bancorp by 25.3% during the 3rd quarter. New York State Teachers Retirement System now owns 2,842 shares of the company's stock valued at $76,000 after acquiring an additional 574 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

About Byline Bancorp

Byline Bancorp, Inc operates as the bank holding company for Byline Bank that provides various banking products and services for small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the United States. It offers various retail deposit products, including non-interest-bearing accounts, money market demand accounts, savings accounts, interest-bearing checking accounts, and time deposits; ATM and debit cards; and online, mobile, and text banking services, as well as commercial deposits.