Byline Bancorp, Inc. (BY) is a vibrant and diversified bank holding company headquartered in Chicago, Illinois. Founded in 1978, the organization has steadily grown to stand as one of the leading entities in the financial services industry. Known for its robust performance in the market, Byline Bancorp operates primarily through Byline Bank, its wholly-owned subsidiary.
The foundation of Byline Bancorp revolves around providing comprehensive financial solutions, which encompass a multitude of banking products and services. With a strong emphasis on delivering customer-driven outcomes, Byline Bancorp caters to the financial needs of small and mid-sized businesses, as well as individual customers. The company's product offerings range from business savings accounts and checking accounts to home loans, mortgages, and refinancing, as well as other banking products and services that demonstrate the organization's commitment to meeting its customers’ diverse needs.
As part of its identity, Byline Bancorp has established a reputation for tirelessly serving its communities. The bank has extended its outreach programs, using its resources to support various philanthropic causes and community development initiatives, contributing towards making a significant difference in local communities.
Over the years, Byline Bancorp has remained steadfast in its dedication to upholding and promoting financial integrity. The firm adheres to ethical banking practices and strong regulatory frameworks, ensuring a high standard of accountability, transparency, and trust in all its engagements.
Financially, Byline Bancorp has shown stable and significant progress, which is demonstrated by its substantial presence in assets, loans, and deposits. The continued growth, in combination with a tight control over asset quality, has led to consistent profitability and attractive returns for the company's stakeholders.
Greater strategic moves like the acquisition of First Evanston Bancorp in 2018 have strengthened Byline Bancorp's position even more. Such initiatives have helped reinforce its presence in the market and improve its power to drive more profitability.
In its overall governance, Byline Bancorp is led by a team of vision-driven leaders and dedicated employees. The team's commitment, coupled with the company's culture of performance and integrity, operates as the driving force behind Byline Bancorp’s continued success.
In conclusion, Byline Bancorp, Inc., stands as a beacon within the financial services industry, known for its remarkable service delivery, strategic growth, and commitment to community development. Its dedication to providing comprehensive solutions to its customers, coupled with its strong financial performance, positions the firm as a notable player in the banking industry.
Income statement
Balance sheet statement
Cash flow statement
Current assets / Current liabilities
Equity / Debt / Cash
Dividends
Analysts have issued a "Moderate Buy" rating for Byline Bancorp (NYSE:BY), with an average 12-month price target of $43.00, exceeding its current share price of $38.42. The company recently surpassed earnings expectations with $0.91 EPS and $117.71 million in revenue, and increased its quarterly dividend to $0.14 per share. Despite significant insider selling over the past quarter, institutional investors and hedge funds hold a substantial 67.73% of the stock.
Bank of New York Mellon Corp has acquired a new stake of 167,130 shares in Byline Bancorp, Inc. (NYSE:BY), valued at approximately $6.294 million. This acquisition makes Bank of New York Mellon Corp own 0.37% of Byline Bancorp. Other institutional investors have also modified their holdings, while Byline Bancorp recently increased its quarterly dividend and reported strong earnings.
Man Group plc recently invested $3.35 million in Byline Bancorp, Inc. (NYSE:BY), acquiring 88,827 shares, representing a 0.20% stake. Institutional investors collectively own 67.73% of the company. Despite recent insider selling, analysts maintain a "Moderate Buy" rating with an average price target of $43, while the company reported strong quarterly earnings and an increased dividend.
Susquehanna International Group LLP significantly reduced its stake in Byline Bancorp, Inc. by 64% in the second quarter, now holding 18,081 shares worth $681,000. Despite this, institutional investors collectively own 67.73% of the company, and analysts maintain a "Moderate Buy" rating with a $43 price target after Byline Bancorp exceeded recent EPS and revenue estimates and increased its quarterly dividend. However, insiders sold a substantial amount of shares, totaling over $24.3 million, in the last quarter.
Deutsche Bank AG acquired 29,858 shares of Byline Bancorp, Inc. (NYSE:BY) in the second quarter, valued at approximately $1.12 million, bringing their total ownership to 0.07%. Other institutional investors also increased their positions, with overall institutional ownership reaching 67.73%, while company insiders sold over 622,000 shares worth $24.3 million. Byline Bancorp exceeded earnings expectations, reporting $0.91 EPS against a $0.79 estimate and raising its quarterly dividend to $0.14 per share, resulting in a 1.5% yield.
Byline Bancorp (NYSE:BY) recently hit a new 52-week high of $42, prompting questions about its investment potential. Analysts have a "Moderate Buy" consensus with an average price target of $43.00, though ratings are split between Buy and Hold. The company surpassed quarterly earnings expectations, increased its dividend, but also saw significant insider selling totaling approximately $24.3 million.
Byline Bank has been recognized as a 2026 'Best Place to Work for Women' by Best Companies Group, acknowledging its dedication to creating opportunities for women's growth and leadership. Women comprise 63% of Byline's workforce, and the bank supports their careers through leadership development, comprehensive benefits including paid parental leave, and employee resource groups like Women Empowered by Byline (WEBB). This award highlights Byline Bank's commitment to equity, opportunity, and retention for its female employees.
Empowered Funds LLC has acquired a new position in Byline Bancorp, Inc. (NYSE:BY), purchasing 213,253 shares valued at approximately $8.03 million, making them owners of 0.47% of the company. Despite significant insider selling totaling over $24.3 million in the past 90 days, institutional investors collectively own 67.73% of the stock. Byline Bancorp recently reported strong quarterly earnings, beating analyst estimates, and increased its quarterly dividend.
Algert Global LLC has acquired 51,600 shares of Byline Bancorp, Inc. (NYSE:BY) for approximately $1.94 million, adding to institutional ownership which collectively stands at 67.73%. Analysts maintain a "Moderate Buy" rating with an average price target of $43, and the company recently surpassed EPS estimates and increased its quarterly dividend. Insider activity shows sales by major shareholders and directors, although the stock's market cap is $1.73 billion with a P/E ratio of 11.60.