Blue Foundry Rewards Shareholders With New Share Repurchase Plan [Yahoo! Finance]
Blue Foundry Bancorp (BLFY)
Company Research
Source: Yahoo! Finance
This new program commenced on Nov. 8, 2024, and represents approximately 5% of its common outstanding shares. Additionally, the company announced the completion of its fourth stock repurchase program on Nov. 7, 2024. This program was announced in February 2024, which authorized the repurchase of up to 1.2 million shares. Notably, Blue Foundry Bancorp does not have any dividend paying history. James D. Nesci, president and chief executive officer of BLFY, said, “We are pleased to announce our fifth repurchase program. Our prior repurchase programs have allowed us to repurchase shares at a discount to tangible book value. We believe that share repurchases are a prudent use of capital and are pleased to have the strong capital position that allows us the ability to purchase stock.” In July 2021, BLFY completed its mutual-to-stock conversion and initial public offering and has been actively repurchasing shares ever since. The bank launched its first repurchase program on July 20
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BLFY
News
- Blue Foundry Bancorp Announces Completion of Fourth Stock Repurchase Program and Adoption of Fifth Stock Repurchase Program [Yahoo! Finance]Yahoo! Finance
- Blue Foundry Bancorp Announces Completion of Fourth Stock Repurchase Program and Adoption of Fifth Stock Repurchase ProgramGlobeNewswire
- Blue Foundry Bancorp GAAP EPS of -$0.19, revenue of $9.48M [Seeking Alpha]Seeking Alpha
- Blue Foundry Bancorp (BLFY) Q3 2024 Results Conference Call Transcript [Seeking Alpha]Seeking Alpha
- Blue Foundry Bancorp (BLFY) Reports Q3 Loss, Lags Revenue Estimates [Yahoo! Finance]Yahoo! Finance
BLFY
Earnings
- 10/23/24 - Miss
BLFY
Sec Filings
- 11/14/24 - Form SC
- 11/13/24 - Form 10-Q
- 11/12/24 - Form 8-K
- BLFY's page on the SEC website