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Is Byline Bancorp (BY) a Great Value Stock Right Now?
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
Byline Bancorp (BY - Free Report) is a stock many investors are watching right now. BY is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A.
Another notable valuation metric for BY is its P/B ratio of 1.18. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. BY's current P/B looks attractive when compared to its industry's average P/B of 1.76. BY's P/B has been as high as 1.32 and as low as 1.09, with a median of 1.20, over the past year.
Finally, investors will want to recognize that BY has a P/CF ratio of 8.79. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 16.93. BY's P/CF has been as high as 11.01 and as low as 7.84, with a median of 9.14, all within the past year.
These are just a handful of the figures considered in Byline Bancorp's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that BY is an impressive value stock right now.
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Is Byline Bancorp (BY) a Great Value Stock Right Now?
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
Byline Bancorp (BY - Free Report) is a stock many investors are watching right now. BY is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A.
Another notable valuation metric for BY is its P/B ratio of 1.18. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. BY's current P/B looks attractive when compared to its industry's average P/B of 1.76. BY's P/B has been as high as 1.32 and as low as 1.09, with a median of 1.20, over the past year.
Finally, investors will want to recognize that BY has a P/CF ratio of 8.79. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 16.93. BY's P/CF has been as high as 11.01 and as low as 7.84, with a median of 9.14, all within the past year.
These are just a handful of the figures considered in Byline Bancorp's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that BY is an impressive value stock right now.