Byline Bancorp with ticker code (BY) have now 5 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 30 and 26 calculating the average target price we see 28.2. Given that the stocks previous close was at 22.51 this would imply there is a potential upside of 25.3%. The day 50 moving average is 23.74 while the 200 day moving average is 25.56. The market capitalisation for the company is $837m. Company Website: https://www.bylinebancorp.com
The potential market cap would be $1,049m based on the market concensus.
Byline Bancorp 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. The company also provides term loans, revolving lines of credit, and construction financing services; senior secured financing solutions to private equity backed lower middle market companies; small business administration and united states department of agriculture loans; and treasury management products and services. In addition, it offers financing solutions for equipment vendors and their end users; and investment, trust, and wealth management services that include fiduciary and executor services, financial planning solutions, investment advisory services, and private banking services for foundations and endowments, and high net worth individuals. It operates through 43 branch locations in the Chicago metropolitan area and one branch in Brookfield, Wisconsin. The company was formerly known as Metropolitan Bank Group and changed its name to Byline Bancorp in 2015. Byline Bancorp was founded in 1914 and is headquartered in Chicago, Illinois.
