Fubotv earnings beat by $0.10, revenue topped estimates
Mary Jo S. Herseth, a director at Byline Bancorp, Inc. (NYSE:BY), recently purchased 2,000 shares of the company’s common stock. The shares were acquired on June 13, 2025, at a price of $25.3269 per share, totaling approximately $50,653. The purchase price sits near InvestingPro’s Fair Value estimate, with the stock trading at an attractive P/B ratio of 0.99x. Following this transaction, Herseth holds 18,500 shares in the company. This purchase reflects her continued investment and confidence in Byline Bancorp, a $1.15 billion market cap financial institution that has demonstrated strong profitability with a 11% return on equity. According to InvestingPro, the company maintains a "GOOD" overall financial health score, and analysts have set price targets ranging from $31 to $34, suggesting potential upside. Get access to 12 more exclusive InvestingPro Tips and comprehensive analysis in the Pro Research Report.
In other recent news, Byline Bancorp reported its first-quarter 2025 earnings, exceeding analyst expectations with an earnings per share (EPS) of $0.64, slightly above the forecast of $0.63. The company also surpassed revenue forecasts, reporting $103.08 million against an expected $100.82 million. Byline Bancorp completed a secondary public offering of 4.28 million shares by the Estate of Daniel L. Goodwin and Equity Shares Investors, LLC, with the company itself not selling any shares. As part of its share repurchase program, Byline purchased 418,235 shares from the underwriter, J.P. Morgan, at the offering price. The company also extended its revolving credit facility with CIBC (TSX:CM) Bank USA to 2026, maintaining a $15 million credit line. During its annual meeting, Byline Bancorp elected ten directors and ratified Moss Adams LLP as its accounting firm for the fiscal year ending December 2025. Analysts from Kroll upgraded Byline Bancorp’s credit ratings, highlighting its strong financial metrics. These developments reflect Byline Bancorp’s ongoing strategic initiatives and financial management practices.
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