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Blue Foundry ( (BLFY) ) just unveiled an update.
On June 23, 2025, Blue Foundry Bancorp announced the initiation of its sixth stock repurchase program, allowing the company to buy back up to 1,082,533 shares, representing approximately 5% of its outstanding common stock. The program, which started on June 20, 2025, is part of the company’s strategy to utilize capital efficiently and enhance shareholder value, following the success of previous repurchase programs where 27.3% of common shares were repurchased at a discount to tangible book value.
The most recent analyst rating on (BLFY) stock is a Hold with a $9.75 price target. To see the full list of analyst forecasts on Blue Foundry stock, see the BLFY Stock Forecast page.
Spark’s Take on BLFY Stock
According to Spark, TipRanks’ AI Analyst, BLFY is a Neutral.
Blue Foundry’s overall stock score is primarily influenced by its mixed financial performance, marked by revenue growth but negative profit margins. Technical indicators show a bearish trend, and valuation remains unattractive due to a negative P/E ratio. Despite some positive aspects from the earnings call, the net loss and increased expenses weigh on the score.
To see Spark’s full report on BLFY stock, click here.
More about Blue Foundry
Blue Foundry Bancorp is the holding company for Blue Foundry Bank, a full-service, innovative bank headquartered in Rutherford, New Jersey. It serves various counties including Bergen, Essex, Hudson, Middlesex, Morris, Passaic, Somerset, and Union. The bank offers tailored products and services to individuals and businesses, with a history spanning over 145 years, demonstrating a strong commitment to its customers and communities.
Average Trading Volume: 54,728
Technical Sentiment Signal: Sell
Current Market Cap: $192.4M
For a thorough assessment of BLFY stock, go to TipRanks’ Stock Analysis page.