Insider Buying: Blue Foundry Bancorp (NASDAQ:BLFY) Director Buys 1,000 Shares of Stock

Blue Foundry Bancorp (NASDAQ:BLFY – Get Rating) Director Patrick H. Kinzler purchased 1,000 shares of the business’s stock in a transaction on Thursday, June 16th. The stock was purchased at an average cost of $11.37 per share, with a total value of $11,370.00. Following the completion of the acquisition, the director now owns 24,376 shares in the company, valued at $277,155.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ BLFY traded up $0.22 during mid-day trading on Friday, reaching $11.69. 2,972 shares of the company were exchanged, compared to its average volume of 57,198. The company’s 50 day moving average price is $12.29 and its 200 day moving average price is $13.55. Blue Foundry Bancorp has a 52 week low of $11.08 and a 52 week high of $15.47. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.12 and a current ratio of 1.12.

Blue Foundry Bancorp (NASDAQ:BLFY – Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The company reported $0.02 earnings per share (EPS) for the quarter. Blue Foundry Bancorp had a negative net margin of 59.96% and a negative return on equity of 9.33%. The firm had revenue of $12.87 million for the quarter.

Several hedge funds and other institutional investors have recently modified their holdings of BLFY. Citigroup Inc. purchased a new stake in Blue Foundry Bancorp during the third quarter valued at approximately $44,000. Royal Bank of Canada purchased a new position in Blue Foundry Bancorp in the 3rd quarter worth about $53,000. UBS Group AG purchased a new position in Blue Foundry Bancorp in the 3rd quarter worth about $73,000. Metropolitan Life Insurance Co NY purchased a new position in Blue Foundry Bancorp in the 3rd quarter worth about $120,000. Finally, Acadian Asset Management LLC purchased a new position in Blue Foundry Bancorp in the 1st quarter worth about $124,000. Hedge funds and other institutional investors own 38.96% of the company’s stock.

Blue Foundry Bancorp Company Profile (Get Rating)

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. The company offers deposits; and loans, such as one-to-four family residential property, home equity, commercial real estate, multi-family, construction, commercial and industrial, and other consumer loans, as well as home equity lines of credit.

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