Morgan Stanley again adjusts its Fed forecast, now sees 4 cuts in 2026
Director Lang Mirella of Blue Foundry Bancorp (NASDAQ:BLFY) sold 4,520 shares of common stock on June 17, 2025, according to a new SEC filing. The shares were sold in multiple transactions with prices ranging from $8.7501 to $8.77, netting a total of $39,566. The sale occurred as the stock trades near $8.90, with InvestingPro analysis indicating the company appears overvalued at current levels.
Following these transactions, Lang directly owns 44,028 shares of Blue Foundry Bancorp. Lang also holds options to purchase 106,959 shares of common stock, exercisable at $11.54 per share, which will expire on August 26, 2032. While analysts have set price targets between $9.75 and $10.50, InvestingPro data shows management has been actively buying back shares. The company’s financial health score currently stands at ’Weak,’ with additional insights available in the comprehensive Pro Research Report covering this $177 million market cap financial institution.
In other recent news, Blue Foundry Bancorp reported its first-quarter 2025 earnings, exceeding both earnings per share (EPS) and revenue forecasts. The company posted an EPS of -$0.13, surpassing the expected -$0.18, while revenue reached $11.14 million, beating the anticipated $10.42 million. Despite the positive earnings surprise, the stock price experienced a decline, indicating mixed investor sentiment regarding future profitability. In other developments, Blue Foundry Bancorp held its annual shareholder meeting, where four directors were elected, and KPMG LLP was ratified as the independent auditor for the fiscal year ending December 31, 2025. A shareholder proposal for the sale or merger of the company was not approved. Additionally, Blue Foundry Bancorp’s strategic focus includes maintaining a strong capital position and anticipating margin expansion in the coming quarters. Analyst firms like Piper Sandler and KBW have shown interest in the company’s performance, with discussions highlighting the company’s loan growth and strategic financial management.
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