Blue Foundry Bancorp Common Stock (BLFY)
Blue Foundry Bancorp is a financial holding company that provides banking and financial services through its subsidiary, Blue Foundry Bank. Established to serve communities with a focus on personalized banking solutions, the company offers products such as personal and business banking, commercial loans, and mortgage services. It emphasizes community banking with a commitment to innovation and customer service.
Company News
Blue Foundry Bancorp reported a net loss of $2 million in Q2 2025, showing improvement from the previous quarter. The bank focused on strategic portfolio diversification, growing core deposits, and managing expenses while expanding net interest margin.
Blue Foundry Bancorp announced the adoption of its sixth stock repurchase program to repurchase up to 5% of its outstanding common stock. The company has repurchased 27.3% of its shares since its first repurchase program in 2022, at a weighted average price of $10.09. The company's tangible book value per share was $14.81 as of March 31, 2025.
Blue Foundry Bancorp (BLFY) delivered earnings and revenue surprises of 35% and 6.11%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform...
Related Companies
