Byline Bancorp Inc. (BY) shares surged 5.86% intraday on Friday, outperforming the broader market, after analysts expressed optimism about the company's prospects.

KBW maintained a Hold rating on Byline Bancorp, with a price target of $33.00. The analyst cited the bank's strong fundamentals and growth potential.

Meanwhile, Piper Sandler analyst Nathan Race reaffirmed a Buy rating on the stock and raised the price target to $37.00, noting Byline Bancorp's solid financial performance and attractive valuation.