Byline Bancorp price target raised to $34 from $33 at Stephens

Stephens raised the firm’s price target on Byline Bancorp (BY) to $34 from $33 and keeps an Equal Weight rating on the shares. Q4 earnings “easily beat consensus” due to strength in fee income and 13 basis points of sequential net interest margin expansion, notes the analyst, who also says the recent quarterly dividend increase matched the firm’s model.