Patrick H. Kinzler Buys 1,500 Shares of Blue Foundry Bancorp (NASDAQ:BLFY) Stock

Key Points

• Director Patrick H. Kinzler of Blue Foundry Bancorp purchased 1,500 shares of the company's stock at an average price of $8.51 per share, increasing his total holdings to 77,911 shares.
• Blue Foundry Bancorp reported a quarterly EPS of ($0.10), slightly better than the consensus estimate of ($0.11), with revenues exceeding expectations at $12.05 million.
• Institutional investors hold 56.52% of Blue Foundry Bancorp's stock, with notable increases in holdings from firms like T. Rowe Price and JPMorgan Chase.

Blue Foundry Bancorp (NASDAQ:BLFY - Get Free Report) Director Patrick H. Kinzler acquired 1,500 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was acquired at an average cost of $8.51 per share, for a total transaction of $12,765.00. Following the acquisition, the director owned 77,911 shares of the company's stock, valued at $663,022.61. The trade was a 1.96% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Blue Foundry Bancorp Trading Down 0.2%

BLFY traded down $0.02 on Wednesday, reaching $8.58. 125,002 shares of the company traded hands, compared to its average volume of 51,606. Blue Foundry Bancorp has a one year low of $8.23 and a one year high of $11.38. The firm has a fifty day simple moving average of $9.13 and a two-hundred day simple moving average of $9.37. The company has a market cap of $186.36 million, a P/E ratio of -15.60 and a beta of 0.60. 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 issued its quarterly earnings results on Wednesday, July 30th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.01. The business had revenue of $12.05 million for the quarter, compared to analysts' expectations of $11.80 million. Blue Foundry Bancorp had a negative net margin of 12.49% and a negative return on equity of 3.42%. As a group, equities research analysts expect that Blue Foundry Bancorp will post -0.47 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Nuveen LLC acquired a new stake in Blue Foundry Bancorp in the 1st quarter valued at about $3,198,000. T. Rowe Price Investment Management Inc. raised its position in shares of Blue Foundry Bancorp by 5.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,846,896 shares of the company's stock worth $27,929,000 after purchasing an additional 143,375 shares during the period. Strs Ohio bought a new position in Blue Foundry Bancorp in the first quarter valued at approximately $477,000. JPMorgan Chase & Co. boosted its stake in shares of 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 buying an additional 44,597 shares during the period. Finally, Essex Financial Services Inc. increased its position in 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 acquiring an additional 35,998 shares during the period. 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.

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