Bullish indicating open at $55-$60, IPO prices at $37
William G. Kistner, a director at Byline Bancorp, Inc. (NYSE:BY), has acquired 65 shares of the company’s common stock, valued at approximately $1,804. The transaction took place on March 4, 2025, with shares purchased at an average price of $27.765 each. Following this acquisition, Kistner holds a total of 13,800 shares indirectly through the William G. Kistner Trust, dated June 22, 1973. Additionally, Kistner maintains direct ownership of 1,036 shares. InvestingPro data reveals that 5 analysts have recently revised their earnings estimates upward, suggesting positive momentum. Discover more insights and 12+ additional ProTips with an InvestingPro subscription, including detailed analysis available in the comprehensive Pro Research Report.
In other recent news, Byline Bancorp reported stronger-than-expected earnings for the fourth quarter of 2024. The company achieved an earnings per share (EPS) of $0.69, surpassing the consensus forecast of $0.62. Revenue also exceeded expectations, reaching $104.67 million compared to the anticipated $100.37 million. Byline Bancorp’s full-year net income was $121 million, reflecting a 5% increase in revenue year-over-year to $407 million. The company anticipates mid-single-digit loan growth in 2025 and plans to close the First Security transaction in the second quarter of 2025. Additionally, Byline Bancorp expects net interest income to range between $86 million and $88 million for the first quarter of 2025. Analyst feedback from firms such as Piper Sandler highlighted the company’s proactive management of its SBA (LON:SBA) portfolio and credit quality. Byline Bancorp continues to focus on strategic expansions and attracting banking talent, positioning itself well for future growth.
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