Byline Bancorp Inc (BY) is a financial holding company that provides a full range of banking products and services to small and mid-sized businesses, commercial real estate and financial sponsors, as well as to retail customers in the Chicagoland area. The company operates through its wholly owned subsidiary, Byline Bank, which was established in 1978 and is headquartered in Chicago, Illinois.
With a long history and a strong presence in the local market, Byline Bank has established itself as a trusted financial partner for businesses and individuals alike. The bank offers a comprehensive suite of banking solutions including lending, deposit services, cash management, and wealth management.
Byline Bancorp Inc went public in 2017, and its stock is listed on the New York Stock Exchange under the ticker symbol BY. The company's stock price has shown steady growth over the years, reflecting the strong financial performance and market position of Byline Bank. As of the latest available data, the stock price stands at $20.56 per share.
In terms of market capitalization, Byline Bancorp Inc has a market cap of $678.92 million. This indicates the total value of the company's outstanding shares in the stock market. The market cap is an important metric for investors as it provides an indication of the company's size and overall value.
When assessing the performance of a stock, it's important to consider its price-earnings growth (PEG) ratio. The PEG ratio takes into account both the company's earnings growth and its valuation. For Byline Bancorp Inc, the PEG ratio is 1.48, suggesting that the stock may be slightly overvalued based on its earnings growth potential.
When comparing Byline Bancorp Inc to its industry peers, the company has shown solid performance. It has outperformed the industry average in terms of profitability, asset quality, and efficiency. This indicates that Byline Bank has been successful in executing its business strategy and maintaining a competitive edge in the market.
Byline Bancorp Inc has a 52-week trading range of $16.53 to $23.81. This range represents the highest and lowest prices at which the stock has traded over the past year. It provides investors with an understanding of the stock's volatility and potential price movements.
On a daily basis, Byline Bancorp Inc has a trading range of $20.39 to $20.74. This range represents the highest and lowest prices at which the stock has traded during a single trading day. It provides investors with insights into the intra-day price fluctuations of the stock.
The trading volume of Byline Bancorp Inc reflects the number of shares that are bought and sold on a daily basis. Higher trading volume typically indicates increased investor interest and liquidity in the stock. As of the latest data, Byline Bancorp Inc has an average daily trading volume of 152,385 shares.
In conclusion, Byline Bancorp Inc (BY) is a reputable financial institution that offers a wide range of banking products and services to businesses and individuals in the Chicagoland area. With a strong market position and solid financial performance, the company has been able to deliver value to its shareholders. While the stock may be slightly overvalued based on its PEG ratio, it has outperformed its industry peers in key areas. Investors may want to monitor the stock's trading range and volume for potential investment opportunities.