Byline Bancorp (BY) Getting Somewhat Critical News Coverage, Analysis Finds

Media headlines about Byline Bancorp (NYSE:BY) have been trending somewhat negative on Tuesday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Byline Bancorp earned a coverage optimism score of -0.02 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.3536475853856 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Shares of Byline Bancorp (NYSE:BY) traded up 0.52% during mid-day trading on Tuesday, hitting $21.31. The stock had a trading volume of 3,966 shares. The stock’s market cap is $624.49 million. Byline Bancorp has a 12 month low of $19.29 and a 12 month high of $21.70. The firm has a 50 day moving average price of $20.78 and a 200-day moving average price of $20.71.

Byline Bancorp (NYSE:BY) last announced its quarterly earnings data on Thursday, July 27th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.21 by $0.39. The firm had revenue of $43 million during the quarter. On average, equities research analysts forecast that Byline Bancorp will post $0.94 EPS for the current year.

Several analysts recently weighed in on BY shares. Bank of America Corporation started coverage on Byline Bancorp in a research note on Tuesday, July 25th. They issued a “buy” rating and a $25.00 price objective on the stock. Stephens started coverage on Byline Bancorp in a research note on Wednesday, July 26th. They issued an “equal weight” rating on the stock. Keefe, Bruyette & Woods assumed coverage on Byline Bancorp in a research note on Tuesday, July 25th. They issued a “market perform” rating and a $22.00 price objective on the stock. Finally, Piper Jaffray Companies assumed coverage on Byline Bancorp in a research note on Tuesday, July 25th. They set an “overweight” rating and a $25.00 price target on the stock.

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In other news, CFO Lindsay Y. Corby acquired 4,000 shares of Byline Bancorp stock in a transaction dated Thursday, July 6th. The shares were purchased at an average cost of $19.00 per share, for a total transaction of $76,000.00. Following the transaction, the chief financial officer now owns 9,271 shares of the company’s stock, valued at $176,149. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Thomas J. Bell III acquired 3,000 shares of Byline Bancorp stock in a transaction dated Thursday, July 6th. The shares were purchased at an average price of $19.00 per share, for a total transaction of $57,000.00. Following the completion of the transaction, the senior vice president now directly owns 5,905 shares in the company, valued at approximately $112,195. The disclosure for this purchase can be found here. Insiders have bought a total of 42,057 shares of company stock worth $765,320 over the last quarter.

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.

Insider Buying and Selling by Quarter for Byline Bancorp (NYSE:BY)

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