Byline Bancorp (BY) Upgraded to Buy: What Does It Mean for the Stock?

Core Viewpoint - Byline Bancorp (BY) has received an upgrade to Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in a company's earnings outlook, which is closely correlated with stock price movements [4][6]. - Rising earnings estimates for Byline Bancorp suggest an improvement in the company's underlying business, potentially leading to higher stock prices [5][10]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks which have averaged a +25% annual return since 1988 [7][9]. - Byline Bancorp's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10]. Earnings Estimate Revisions - For the fiscal year ending December 2025, Byline Bancorp is expected to earn $2.68 per share, reflecting a -2.9% change from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Byline Bancorp has increased by 2.8%, indicating positive revisions from analysts [8].