Are You Looking for a Top Momentum Pick? Why Byline Bancorp (BY) is a Great Choice

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Byline Bancorp (BY) - Byline Bancorp currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for performance [3][4] - The stock has shown a price increase of 2.28% over the past week, outperforming the Zacks Banks - Northeast industry, which rose by 0.5% [6] - Over the last quarter, shares of Byline Bancorp have increased by 10.22%, and over the past year, they have gained 28.82%, compared to the S&P 500's increases of 3.88% and 24.54%, respectively [7] Trading Volume - Byline Bancorp's average 20-day trading volume is 123,254 shares, which serves as a baseline for price-to-volume analysis [8] Earnings Outlook - In the past two months, one earnings estimate for Byline Bancorp has increased, while none have decreased, raising the consensus estimate from $2.50 to $2.52 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period [10] Conclusion - Given the positive price trends and earnings outlook, Byline Bancorp is positioned as a strong momentum pick with a Momentum Score of B and a Zacks Rank of 2 (Buy) [12]