Blue Foundry Bancorp (NASDAQ:BLFY) Director Patrick H. Kinzler Buys 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 acquired 2,500 shares of the business's stock in a transaction on Friday, August 1st. The shares were bought at an average cost of $8.41 per share, with a total value of $21,025.00. Following the completion of the acquisition, the director owned 76,411 shares in the company, valued at approximately $642,616.51. This represents a 3.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Blue Foundry Bancorp Stock Performance

Shares of NASDAQ:BLFY traded up $0.01 during midday trading on Friday, reaching $8.56. The company's stock had a trading volume of 16,105 shares, compared to its average volume of 52,370. The firm has a market capitalization of $185.93 million, a PE ratio of -15.46 and a beta of 0.60. The stock has a fifty day moving average of $9.10 and a 200 day moving average of $9.36. Blue Foundry Bancorp has a twelve month low of $8.23 and a twelve month high of $11.38. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.02.

Blue Foundry Bancorp (NASDAQ:BLFY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.01. Blue Foundry Bancorp had a negative return on equity of 3.42% and a negative net margin of 12.49%. The firm had revenue of $12.05 million during the quarter, compared to the consensus estimate of $11.80 million. On average, equities analysts expect that Blue Foundry Bancorp will post -0.47 EPS for the current fiscal year.

Institutional Trading of Blue Foundry Bancorp

Hedge funds have recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. grew its position in shares of Blue Foundry Bancorp by 2.1% during the first 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 in the last quarter. Dimensional Fund Advisors LP grew its holdings in Blue Foundry Bancorp by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 936,971 shares of the company's stock worth $9,192,000 after acquiring an additional 21,716 shares in the last quarter. Essex Financial Services Inc. increased its position in shares of Blue Foundry Bancorp by 5.8% in the 2nd quarter. Essex Financial Services Inc. now owns 659,823 shares of the company's stock valued at $6,315,000 after purchasing an additional 35,998 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Blue Foundry Bancorp by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 431,677 shares of the company's stock valued at $4,132,000 after purchasing an additional 1,780 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Blue Foundry Bancorp in the 1st quarter valued at $3,198,000. Institutional investors and hedge funds 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.