Blue Foundry Bancorp adopts sixth share repurchase program

Blue Foundry Bancorp (BLFY) announced that the company’s Board of Directors has authorized the adoption of its sixth stock repurchase program to repurchase up to 1,082,533 shares of the company’s common stock, which is approximately 5% of its outstanding common stock. The new program commenced on June 20, 2025. Since announcing its first stock repurchase program on July 20, 2022, through the completion of the fifth stock repurchase program, the company has repurchased 7,798,723 shares, or 27.3% of its common shares, at a weighted average price of $10.09. The company’s tangible book value per share was $14.81 as of March 31, 2025.