Patrick H. Kinzler Acquires 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 stock in a transaction that occurred on Monday, August 4th. The shares were bought at an average price of $8.51 per share, with a total value of $12,765.00. Following the completion of the purchase, the director owned 77,911 shares in the company, valued at $663,022.61. The trade was a 1.96% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Blue Foundry Bancorp Price Performance

BLFY stock traded up $0.05 during trading hours on Friday, hitting $8.60. 54,545 shares of the stock traded hands, compared to its average volume of 57,155. The stock has a 50-day simple moving average of $9.09 and a 200 day simple moving average of $9.35. Blue Foundry Bancorp has a one year low of $8.23 and a one year high of $11.38. The company has a market cap of $186.79 million, a P/E ratio of -15.64 and a beta of 0.60. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.02.

Blue Foundry Bancorp (NASDAQ:BLFY - Get Free Report) last released its quarterly 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 return on equity of 3.42% and a negative net margin of 12.49%. The business had revenue of $12.05 million during the quarter, compared to analyst estimates of $11.80 million. Equities analysts forecast that Blue Foundry Bancorp will post -0.47 earnings per share for the current year.

Hedge Funds Weigh In On Blue Foundry Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of BLFY. BNP Paribas Financial Markets acquired a new position in shares of Blue Foundry Bancorp in the 4th quarter valued at $27,000. PNC Financial Services Group Inc. boosted its position in shares of Blue Foundry Bancorp by 56.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,088 shares of the company's stock valued at $65,000 after purchasing an additional 2,557 shares during the period. Quantinno Capital Management LP purchased a new stake in Blue Foundry Bancorp in the 4th quarter worth about $108,000. Wells Fargo & Company MN boosted its position in Blue Foundry Bancorp by 22.7% during the 4th quarter. Wells Fargo & Company MN now owns 12,331 shares of the company's stock worth $121,000 after acquiring an additional 2,284 shares during the period. Finally, Two Sigma Advisers LP boosted its position in Blue Foundry Bancorp by 16.8% during the 4th quarter. Two Sigma Advisers LP now owns 12,500 shares of the company's stock worth $123,000 after acquiring an additional 1,800 shares during the period. Institutional investors and hedge funds own 56.52% of the company's stock.

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.