Byline Bancorp price target raised to $28 from $27 at Piper Sandler

Piper Sandler raised the firm’s price target on Byline Bancorp to $28 from $27 and keeps an Overweight rating on the shares. While Q4 results included elevated NCOs partially tied to an office CRE loan, the firm anticipates asset quality being a non-issue for Byline going forward given its highly proactive, conservative and relationship-based credit approach.