How to Buy Byline Bancorp Stock
Byline Bancorp Inc
Byline Bancorp is a bank company located in Illinois, United States, which is part of the Financial Services sector, and is traded under the ticker BY on the NYSE exchange.
Byline Bancorp stock last closed at $21.67, down 0.23% from the previous day, and has increased 12.57% in one year. It has underperformed other stocks in the Banks - Regional industry by 0.04 percentage points. Byline Bancorp stock is currently +32.13% from its 52-week low of $16.40, and -11.62% from its 52-week high of $24.52.
As of Apr 30, 2024, there are 44.38M BY shares outstanding. The market value of BY is $961.69M. In the past 24 hours, 102,270 BY shares were traded.
How to Buy Byline Bancorp Stock
Wondering how to invest in Byline Bancorp stock? Here's how.
- Choose where to buy Byline Bancorp stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you determine where to buy Byline Bancorp stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Choose your method of payment and add your details.
- Research Byline Bancorp stock: The Byline Bancorp ticker symbol is BY. Is Byline Bancorp stock a good investment? Should you buy shares of BY? How do BY's underlying business fundamentals look? Do top analysts think Byline Bancorp is a good buy? Why has BY's stock price moved recently? (Hint: Our stock research website can help you evaluate if BY is a good stock to buy).
- Execute your BY trade: Decide if you will purchase BY shares at the current market price or use a limit order to purchase BY shares at a given price.
- Keep tabs on your BY investment: Create a watchlist to keep track of your investment in Byline Bancorp shares.
Step 1: Choose where to buy Byline Bancorp stock
You need an online brokerage account in order to access the NYSE market and buy BY stock.
Our recommended brokerage: eToro
Based on our research, eToro is the best stock brokerage. Here's why:
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Get $10 towards your purchase of stock by signing up for an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the best brokerage, the next step is to fill out some personal info so you are able to buy BY stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create a new brokerage account.
- Send your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have finished signing up on apps for stocks, you need to deposit funds:
Check out the video below for more details depositing funds into your brokerage account.
Step 4: Research Byline Bancorp stock
Once you have chosen the best place to buy Byline Bancorp stock, it's very important to evaluate their stock prior to buying, so you actually understand the risk as well as the opportunity.
Byline Bancorp stock quick numbers
BY Due Diligence Checks
WallStreetZen was created to help part-time investors do better fundamental analysis quickly.
You can see all of the due diligence checks on BY's stock page.
Is BY stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge BY's intrinsic value.
Using relative valuations methods:
- BY could be undervalued based on its P/E ratio of 8.06x, relative to Banks - Regional industry P/E ratio of -10.08x
- BY could be undervalued based on its P/B ratio of 0.97x, relative to Banks - Regional industry P/B ratio of 0.97x
- BY could be undervalued based on its PEG ratio of 0.64x
You can do additional valuation research on BY's stock here.
A quick look at BY Financials
Positive Financial Indicators:
- BY profit margin has gone up from 29.4% to 30.4% in the past year.
- BY's operating cash flow of $166.07M allows it to safely service it's debt of $553.78M.
- BY earnings of $145.68M is not sufficient to cover its interest payments.
Negative Financial Indicators:
- Total BY debt is higher than 5 years ago, relative to shareholder equity.
- BY has a relatively high debt to equity ratio of 7.97.
Is it a good time to buy BY stock, according to Wall Street analysts?
Out of 2 Equities analysts who track BY, the consensus analyst rating on Byline Bancorp is a Buy
Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Byline Bancorp stock forecast page.
BY Technical Indicators
BY Earnings
Last year, BY earnings were $107.88M. In the last five year, BY's earnings have grown by 17.33% per year. This was faster than the Banks - Regional industry average of 16.53%.
Last year, BY revenue was $355.28M. During the last 5 year, BY's revenue has increased by 11.15% per year. This was faster than the Banks - Regional industry average of 7.63%.
Find out more about BY's earnings and revenue performance here.
Latest Insiders Trades at BY
Over the last 12 months, insiders at BY have bought more shares than they have sold.
William G. Kistner, Director of BY, was the latest BY insider to buy. They bought $1,265.22 worth of BY shares on Mar 11, 2024.
Dig into more about who owns BY shares here.
Does BY stock generate passive income?
Byline Bancorp pays a dividend of 1.66%, compared to the Banks - Regional industry's average dividend yield of 3.92%. If you owned $1,000 of BY stock, you would have received $16.61 in the past year.
Byline Bancorp dividend payments have consistently grown over the past 5 years and have remained stable.
Find more analysis about Byline Bancorp dividend yield and history here.
BY Social Trading Data
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Execute your BY trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly fine. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount, use a limit order.
Hit the Open Trade button and eToro will place the order.
If you need more assistance investing in stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your BY investment
Now that you own some shares in BY, you'll want to keep up with your new shares.
Add BY to a watchlist to keep tabs on your BY stock.
BY Feed
How to Buy Stock in Byline Bancorp
To reiterate, here are the 6 steps you need to take to buy Byline Bancorp stock right now:
- Choose where to buy Byline Bancorp stock
- Sign up for your brokerage account
- Deposit money your investment account
- Research Byline Bancorp stock
- Execute your BY trade
- Keep tabs on your BY investment
If you need a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Byline Bancorp, click below.
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