Blue Foundry Bancorp (NASDAQ:BLFY) Director Mirella Lang Sells 4,520 Shares

Blue Foundry Bancorp (NASDAQ:BLFY - Get Free Report) Director Mirella Lang sold 4,520 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $8.75, for a total transaction of $39,550.00. Following the completion of the sale, the director now directly owns 44,028 shares in the company, valued at approximately $385,245. This trade represents a 9.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Blue Foundry Bancorp Stock Down 0.1%

Shares of NASDAQ:BLFY traded down $0.01 during trading hours on Friday, reaching $8.86. The stock had a trading volume of 137,923 shares, compared to its average volume of 53,043. Blue Foundry Bancorp has a 1 year low of $8.30 and a 1 year high of $11.48. The firm's 50 day moving average is $9.30 and its 200-day moving average is $9.51. The stock has a market capitalization of $192.44 million, a price-to-earnings ratio of -15.82 and a beta of 0.60. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.20 and a current ratio of 1.20.

Blue Foundry Bancorp (NASDAQ:BLFY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported ($0.13) EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.03. The firm had revenue of $11.14 million during the quarter, compared to the consensus estimate of $10.29 million. Blue Foundry Bancorp had a negative net margin of 13.21% and a negative return on equity of 3.50%. Research analysts predict that Blue Foundry Bancorp will post -0.47 earnings per share for the current fiscal year.

Institutional Trading of Blue Foundry Bancorp

Institutional investors have recently bought and sold shares of the business. Nuveen LLC acquired a new stake in shares of Blue Foundry Bancorp during the 1st quarter worth about $3,198,000. T. Rowe Price Investment Management Inc. boosted its holdings in Blue Foundry Bancorp by 5.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,846,896 shares of the company's stock valued at $27,929,000 after purchasing an additional 143,375 shares in the last quarter. Strs Ohio purchased a new position in Blue Foundry Bancorp in the first quarter valued at approximately $477,000. JPMorgan Chase & Co. increased its stake in Blue Foundry Bancorp by 63.5% in the fourth quarter. JPMorgan Chase & Co. now owns 114,782 shares of the company's stock valued at $1,126,000 after purchasing an additional 44,597 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Blue Foundry Bancorp by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 936,971 shares of the company's stock worth $9,192,000 after purchasing an additional 21,716 shares in the last quarter. 56.52% of the stock is owned by hedge funds and other institutional investors.

About Blue Foundry Bancorp

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.