Byline Bancorp, Inc. logo BY - Byline Bancorp, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 5
HOLD 6
SELL 0
STRONG
SELL 0
| PRICE TARGET: $40.00 DETAILS
HIGH: $40.00
LOW: $40.00
MEDIAN: $40.00
CONSENSUS: $40.00
UPSIDE: 20.59%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Banks, Insurers & Asset Managers 85% confidence

Primary model: P/Tangible Book × ROE Quality

Valuation Signal Fair Value Moderate
Trading 22.8% below fair value
Current Price $33.17
Bear Case $26.97 18.7% downside ($26.97 - $33.17) / $33.17 = -18.7% ROTCE 9.1% → 1.17x TBV
Fair Value $42.95 29.5% upside ($42.95 - $33.17) / $33.17 = 29.5% ROTCE 12.2% → 1.86x TBV
Bull Case $52.55 58.4% upside ($52.55 - $33.17) / $33.17 = 58.4% ROTCE 14.0% → 2.27x TBV

Adjust Assumptions

12.2%
8.4%

Key Value Driver

ROTCE (12.2%) vs. cost of equity (8.4%)

Implied Market Multiple 1.41x

Plain-Language Summary

Our base-case estimate uses P/Tangible Book × ROE Quality. We then blend that result with the average analyst price target of $40.00 from 11 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $42.95 per share.

Warnings

⚠ Traditional cash flow models don't work well for banks — lending activity distorts how much cash the business actually generates.
⚠ Common valuation shortcuts don't apply here — for banks, interest payments are a core business cost, not overhead.
ℹ Dividend-based valuation: $10.63 (76% below our primary estimate). Large gaps suggest the dividend may not fully reflect the company's value.

Key Risks

  • Book value quality matters as much as level — check loan loss reserves
  • Interest rate sensitivity creates non-linear earnings surprises
  • Insurance reserving is actuarial, not financial — errors emerge slowly