Blue Foundry Bancorp (NASDAQ:BLFY) Director Patrick H. Kinzler Acquires 2,500 Shares

Key Points

• Director Patrick H. Kinzler of Blue Foundry Bancorp purchased 2,500 shares at an average price of $8.41, increasing his total ownership to 76,411 shares valued at $642,616.51.
• Blue Foundry Bancorp reported a quarterly loss of ($0.10) earnings per share, beating analyst expectations while achieving a revenue of $12.05 million.
• Institutional investors own 56.52% of Blue Foundry Bancorp’s stock, with several firms increasing their holdings in recent quarters.

Blue Foundry Bancorp (NASDAQ:BLFY - Get Free Report) Director Patrick H. Kinzler bought 2,500 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were acquired at an average cost of $8.41 per share, with a total value of $21,025.00. Following the completion of the transaction, the director owned 76,411 shares of the company's stock, valued at $642,616.51. This represents a 3.38% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

Blue Foundry Bancorp Stock Up 1.3%

Shares of NASDAQ:BLFY traded up $0.11 during midday trading on Monday, hitting $8.50. 67,326 shares of the company's stock were exchanged, compared to its average volume of 51,993. Blue Foundry Bancorp has a 12 month low of $8.23 and a 12 month high of $11.38. The company has a market cap of $184.63 million, a PE ratio of -15.45 and a beta of 0.60. The stock has a 50 day moving average price of $9.16 and a 200-day moving average price of $9.38. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.20 and a quick ratio of 1.20.

Blue Foundry Bancorp (NASDAQ:BLFY - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported ($0.10) earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.01. Blue Foundry Bancorp had a negative net margin of 12.49% and a negative return on equity of 3.42%. The firm had revenue of $12.05 million for the quarter, compared to analysts' expectations of $11.80 million. On average, sell-side analysts anticipate that Blue Foundry Bancorp will post -0.47 EPS for the current fiscal year.

Institutional Trading of Blue Foundry Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. increased its holdings in shares of Blue Foundry Bancorp by 2.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,905,977 shares of the company's stock worth $26,735,000 after buying an additional 59,081 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Blue Foundry Bancorp by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 936,971 shares of the company's stock valued at $9,192,000 after purchasing an additional 21,716 shares in the last quarter. Essex Financial Services Inc. lifted its position in Blue Foundry Bancorp by 5.8% during the 2nd quarter. Essex Financial Services Inc. now owns 659,823 shares of the company's stock valued at $6,315,000 after acquiring an additional 35,998 shares during the period. Nuveen LLC purchased a new position in Blue Foundry Bancorp during the 1st quarter valued at about $3,198,000. Finally, Northern Trust Corp raised its holdings in Blue Foundry Bancorp by 4.9% in the fourth quarter. Northern Trust Corp now owns 183,616 shares of the company's stock worth $1,801,000 after buying an additional 8,644 shares during the last quarter. Institutional investors own 56.52% of the company's stock.

Blue Foundry Bancorp Company Profile

Blue Foundry Bancorp operates as a bank holding company for Blue Foundry Bank, a savings bank that offers various banking products and services for individuals and businesses in the United States. The company offers saving, time, and non-interest bearing deposits; demand accounts; and loans, such as one-to-four family residential property, multi-family, residential real estate, non-residential real estate, consumer, construction, and commercial and industrial loans, as well as junior liens and home equity lines of credit.

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