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In a recent transaction, Antonio Del Valle Perochena, a director and significant shareholder of Byline Bancorp, Inc. (NYSE:BY), acquired 40,808 shares of the company’s common stock. The purchase, made on June 11, 2025, was executed at a price of $24.75 per share, amounting to a total investment of approximately $1,009,998. The banking institution, currently valued at $1.16 billion, trades near its InvestingPro Fair Value with a price-to-book ratio of 0.99x.
Following this acquisition, Del Valle Perochena holds a total of 40,808 shares directly. Additionally, he maintains an indirect ownership of 11,835,145 shares through MBG Investors I, L.P. This move underscores his continued commitment and confidence in the company’s future prospects. InvestingPro analysis reveals a "GOOD" overall financial health score, with analysts setting price targets between $31 and $34. According to InvestingPro Tips, the company has demonstrated strong returns over the last five years. Discover more insights with a comprehensive Pro Research Report, available for BY and 1,400+ other US stocks on InvestingPro.
In other recent news, Byline Bancorp reported its first-quarter 2025 earnings, surpassing analyst expectations with an earnings per share of $0.64, slightly above the forecast of $0.63. The company also exceeded revenue forecasts, reporting $103.08 million compared to the expected $100.82 million. Additionally, Byline Bancorp completed a secondary public offering of 4.28 million shares, conducted by the Estate of Daniel L. Goodwin and Equity Shares Investors, LLC, with J.P. Morgan as the sole underwriter. The company did not receive any proceeds from this sale, but it did repurchase a portion of the shares as part of its share repurchase program.
Furthermore, Byline Bancorp announced the extension of its revolving credit facility with CIBC (TSX:CM) Bank USA through May 2026, maintaining a credit line of $15 million. The company also held its annual meeting of stockholders, electing ten directors and approving executive compensation and the ratification of Moss Adams LLP as its accounting firm. These developments reflect Byline Bancorp’s ongoing financial strategies and corporate governance activities.
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