Byline Bancorp (NYSE:BY) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of Byline Bancorp (NYSE:BY) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

BY has been the subject of several other research reports. Raymond James Financial assumed coverage on shares of Byline Bancorp in a report on Wednesday, July 8th. They set a “market perform” rating for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Byline Bancorp in a research report on Wednesday, May 13th. Finally, Piper Sandler boosted their price target on shares of Byline Bancorp from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $36.00.

Byline Bancorp Trading Up 2.7%

BY stock opened at $38.64 on Wednesday. The stock has a 50-day moving average price of $35.60 and a two-hundred day moving average price of $33.20. Byline Bancorp has a 1 year low of $25.38 and a 1 year high of $39.51. The stock has a market cap of $1.75 billion, a PE ratio of 11.67 and a beta of 0.72.

Byline Bancorp (NYSE:BY) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.12. The company had revenue of $117.71 million for the quarter, compared to analyst estimates of $115.78 million. Byline Bancorp had a return on equity of 11.94% and a net margin of 23.36%. On average, analysts forecast that Byline Bancorp will post 3.28 earnings per share for the current fiscal year.

Byline Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 18th. Stockholders of record on Tuesday, August 4th will be paid a dividend of $0.14 per share. The ex-dividend date is Tuesday, August 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Byline Bancorp’s previous quarterly dividend of $0.12. Byline Bancorp’s dividend payout ratio (DPR) is currently 14.50%.

Hedge Funds Weigh In On Byline Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Clearstead Advisors LLC raised its position in Byline Bancorp by 83.1% during the fourth quarter. Clearstead Advisors LLC now owns 1,578 shares of the company’s stock worth $46,000 after acquiring an additional 716 shares in the last quarter. Royal Bank of Canada lifted its stake in Byline Bancorp by 58.3% in the first quarter. Royal Bank of Canada now owns 2,332 shares of the company’s stock valued at $73,000 after acquiring an additional 859 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of Byline Bancorp by 15.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the company’s stock valued at $69,000 after acquiring an additional 313 shares during the period. Russell Investments Group Ltd. grew its position in shares of Byline Bancorp by 1,572.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,860 shares of the company’s stock valued at $79,000 after acquiring an additional 2,689 shares during the period. Finally, New York State Teachers Retirement System increased its stake in shares of Byline Bancorp by 16.1% during the 4th quarter. New York State Teachers Retirement System now owns 2,864 shares of the company’s stock worth $83,000 after purchasing an additional 398 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Key Byline Bancorp News

Here are the key news stories impacting Byline Bancorp this week:

• Positive Sentiment: Byline Bancorp beat Q2 expectations, reporting EPS of $0.91 versus the $0.79 consensus and revenue of $117.7 million versus $115.8 million expected, which suggests solid underlying earnings momentum. Article: Byline Bancorp (BY) Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: The company announced a quarterly dividend of $0.14 per share, up 16.7% from $0.12 previously, signaling confidence in capital generation and shareholder returns.
• Positive Sentiment: Management described the quarter as delivering “strong” results with record revenues and improved non-interest income, which may support bullish sentiment toward Byline Bancorp’s operating trend. Article: Byline Bancorp, Inc. Reports Second Quarter 2026 Financial Results
• Neutral Sentiment: Analysts and market coverage are also digesting the earnings call transcript and key-metrics breakdown, which should help investors assess whether the quarter’s outperformance is sustainable. Article: Byline Bancorp, Inc. (BY) Q2 2026 Earnings Call Transcript
• Negative Sentiment: Zacks Research downgraded Byline Bancorp from “strong-buy” to “hold,” which may cap upside as some investors reassess valuation after the post-earnings move.

Byline Bancorp Company Profile

Byline Bancorp, Inc is the bank holding company for Byline Bank, a full-service commercial bank headquartered in Chicago, Illinois. Established under its current name in 2016, the company operates as a community-focused financial institution offering a broad array of banking products and services to corporate, professional and consumer clients.

On the commercial banking side, Byline Bancorp serves small and midsize businesses, real estate developers, professional services firms and nonprofit organizations.