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Roberto R. Herencia, the Chief Executive Officer of Byline Bancorp, Inc. (NYSE:BY), recently acquired 4,040 shares of the company’s common stock. The transaction, which took place on June 11, 2025, involved a purchase at a price of $24.75 per share, amounting to a total investment of $99,990. The purchase price represents a slight discount to the current market price of $25.31, with the stock trading near its InvestingPro Fair Value.
Following this transaction, Herencia now directly owns 326,769 shares of Byline Bancorp. Additionally, he holds shares indirectly through the Roberto Herencia Inc. Defined Benefit Plan and the Roberto Herencia Inc. 401(k), with 16,612 and 2,575 shares, respectively. The bank, with a market capitalization of $1.16 billion, trades at 0.99 times book value and offers a dividend yield of 1.56%.
This recent acquisition further consolidates Herencia’s position in the company, reflecting his confidence in Byline Bancorp’s future prospects. InvestingPro analysis shows the company maintains a "GOOD" Financial Health score, with analysts setting price targets between $31 and $34. Get deeper insights and access to more ProTips with an InvestingPro subscription.
In other recent news, Byline Bancorp reported its first-quarter 2025 earnings, surpassing analyst expectations with an earnings per share of $0.64, just above the forecasted $0.63. The company also reported revenue of $103.08 million, exceeding the expected $100.82 million, marking a 2% year-over-year growth. Byline Bancorp completed the acquisition of First Security, which is expected to contribute positively to future financial results. Additionally, the company extended its revolving credit facility with CIBC (TSX:CM) Bank USA through May 2026, maintaining a credit line of $15 million.
Byline Bancorp recently completed a secondary public offering of 4.28 million shares, with directors purchasing $1.27 million worth of shares at the public offering price. The company did not receive any proceeds from this sale, as it was conducted by the Estate of Daniel L. Goodwin and its affiliate. Furthermore, Byline Bancorp held its annual meeting, where all ten director nominees were elected, and shareholders approved executive compensation and the appointment of Moss Adams LLP as the independent auditor for 2025.
J.P. Morgan served as the sole underwriter for the secondary offering, and the company plans to purchase up to $10 million of shares from the underwriter. Additionally, Byline Bancorp’s credit ratings were upgraded by Kroll Bond Rating Agency, reflecting strong financial performance and capitalization. These developments highlight Byline Bancorp’s strategic initiatives and financial management practices, keeping investors informed of its recent activities.
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