Byline Bancorp (BY) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - The article discusses the momentum investing strategy, highlighting Byline Bancorp (BY) as a promising stock with a strong momentum score and positive earnings outlook. Group 1: Momentum Characteristics - Momentum investing focuses on following a stock's recent price trends, with the goal of buying high and selling higher [5] - The Zacks Momentum Style Score helps identify stocks with strong momentum characteristics, complementing the Zacks Rank system [6][9] Group 2: Byline Bancorp Performance - Byline Bancorp has shown significant price appreciation, with shares increasing 21.48% over the past quarter and 28.84% over the last year, outperforming the S&P 500 [8] - The stock has a current Zacks Rank of 2 (Buy) and a Momentum Score of B, indicating strong potential for near-term gains [10][11] Group 3: Trading Volume and Earnings Estimates - BY's average 20-day trading volume is 189,147 shares, which is a useful indicator of price momentum [3] - Over the past two months, one earnings estimate for BY has increased, raising the consensus estimate from $2.62 to $2.63 [4]