Byline Bancorp. with ticker code (BY) have now 5 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 29.5 and 27 with the average target price sitting at $28.30. Given that the stocks previous close was at $21.19 this would imply there is now a potential upside of 33.6%. Also worth taking note is the 50 day moving average now sits at $23.76 while the 200 day moving average is $23.09. The market capitalization for the company is $799m. Visit the company website at: https://www.bylinebancorp.com
The potential market cap would be $1,067m based on the market consensus.
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 productsluding 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; syndication services; 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. 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.
The company has a dividend yield of 1.7% with the ex dividend date set at 6-2-2023 (DMY).
Other points of data to note are a P/E ratio of 8.84, revenue per share of 8.07 and a 1.25% return on assets.
