Blue Foundry Bancorp (NASDAQ:BLFY - Get Free Report) Director Mirella Lang sold 4,520 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was 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 owns 44,028 shares in the company, valued at $385,245. This represents a 9.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Blue Foundry Bancorp Price Performance
Shares of NASDAQ:BLFY traded up $0.32 on Monday, reaching $9.18. The company's stock had a trading volume of 80,633 shares, compared to its average volume of 53,154. The company has a 50-day simple moving average of $9.30 and a 200 day simple moving average of $9.50. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $199.39 million, a P/E ratio of -16.39 and a beta of 0.60. Blue Foundry Bancorp has a 52-week low of $8.30 and a 52-week high of $11.48.
Blue Foundry Bancorp (NASDAQ:BLFY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.03. The company had revenue of $11.14 million for the quarter, compared to analysts' expectations of $10.29 million. Blue Foundry Bancorp had a negative return on equity of 3.50% and a negative net margin of 13.21%. As a group, equities research analysts anticipate that Blue Foundry Bancorp will post -0.47 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Strs Ohio purchased a new position in shares of Blue Foundry Bancorp during the first quarter valued at approximately $477,000. Jane Street Group LLC lifted its position in shares of Blue Foundry Bancorp by 147.6% during the first quarter. Jane Street Group LLC now owns 34,120 shares of the company's stock worth $314,000 after purchasing an additional 20,339 shares during the last quarter. PDT Partners LLC boosted its stake in shares of Blue Foundry Bancorp by 18.9% during the first quarter. PDT Partners LLC now owns 14,959 shares of the company's stock valued at $138,000 after purchasing an additional 2,380 shares during the period. Trexquant Investment LP grew its stake in Blue Foundry Bancorp by 24.0% in the 1st quarter. Trexquant Investment LP now owns 39,983 shares of the company's stock worth $368,000 after acquiring an additional 7,732 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its stake in Blue Foundry Bancorp by 2.1% in 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 purchasing an additional 59,081 shares in the last quarter. Institutional investors own 56.52% of the company's stock.
About Blue Foundry Bancorp
(
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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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