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In a recent transaction reported to the Securities and Exchange Commission, Malkiman Aleksandr, Executive Vice President and Chief Technology Officer at Blue Foundry Bancorp (NASDAQ:BLFY), acquired 1,000 shares of common stock. The purchase, completed on June 5, 2025, was made at an average price of $8.8038 per share, amounting to a total investment of $8,803. The stock currently trades at $8.82, with a market capitalization of $174.5 million. According to InvestingPro analysis, the company’s shares are trading slightly above their Fair Value.
Following this transaction, Aleksandr holds a total of 18,100 shares directly. Additionally, he has indirect ownership of 3,881 shares through an Employee Stock Ownership Plan (ESOP). The filing also noted Aleksandr’s possession of stock options for 68,800 shares, with an exercise price of $11.69, set to expire in October 2032. InvestingPro data reveals the company’s overall financial health score is currently WEAK, with a price-to-book ratio of 0.53. Investors should note that the next earnings announcement is scheduled for July 23, 2025. Get access to 6 more exclusive InvestingPro Tips and comprehensive analysis with an InvestingPro subscription.
In other recent news, Blue Foundry Bancorp reported its first-quarter 2025 earnings, revealing a smaller-than-expected net loss. The company posted an earnings per share (EPS) of -$0.13, surpassing the forecasted -$0.18. Revenue reached $11.14 million, exceeding expectations of $10.42 million. Despite these positive earnings results, a shareholder proposal recommending the sale or merger of the company was not approved during the annual shareholder meeting. Shareholders elected four directors to two-year terms and ratified the appointment of KPMG LLP as the independent auditor for the fiscal year ending December 31, 2025. The company maintains a strong capital position with 15.6% tangible equity to tangible assets. Additionally, analysts from Piper Sandler and KBW engaged with the company on topics such as loan growth and margin expansion, indicating a cautious yet strategic approach moving forward.
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