Blue Foundry Bancorp (NASDAQ:BLFY) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in shares of Blue Foundry Bancorp (NASDAQ:BLFY) by 21.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,206 shares of the company’s stock after purchasing an additional 2,365 shares during the period. SG Americas Securities LLC owned approximately 0.05% of Blue Foundry Bancorp worth $128,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Essex Financial Services Inc. increased its holdings in shares of Blue Foundry Bancorp by 0.3% during the third quarter. Essex Financial Services Inc. now owns 596,603 shares of the company’s stock valued at $4,994,000 after purchasing an additional 1,545 shares during the period. Strs Ohio grew its holdings in Blue Foundry Bancorp by 13.6% during the third quarter. Strs Ohio now owns 60,300 shares of the company’s stock worth $504,000 after acquiring an additional 7,200 shares during the period. Wittenberg Investment Management Inc. acquired a new position in Blue Foundry Bancorp during the third quarter worth about $188,000. Millennium Management LLC acquired a new position in Blue Foundry Bancorp during the second quarter worth about $126,000. Finally, Acadian Asset Management LLC acquired a new position in Blue Foundry Bancorp during the first quarter worth about $124,000. 56.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Piper Sandler lifted their target price on Blue Foundry Bancorp from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th.

Insider Buying and Selling

In related news, Director Margaret Letsche sold 2,567 shares of Blue Foundry Bancorp stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $10.08, for a total value of $25,875.36. Following the transaction, the director now owns 61,610 shares of the company’s stock, valued at approximately $621,028.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.21% of the stock is currently owned by company insiders.

Blue Foundry Bancorp Price Performance

NASDAQ:BLFY opened at $7.96 on Thursday. The business’s 50-day moving average price is $9.01 and its 200 day moving average price is $8.98. The firm has a market cap of $193.73 million, a P/E ratio of -24.88 and a beta of 0.49. Blue Foundry Bancorp has a 52-week low of $7.08 and a 52-week high of $10.80. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.12.

Blue Foundry Bancorp (NASDAQ:BLFY) last released its earnings results on Wednesday, January 24th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.01. The firm had revenue of $20.91 million for the quarter, compared to analyst estimates of $9.66 million. Blue Foundry Bancorp had a negative return on equity of 2.02% and a negative net margin of 9.14%. During the same period in the previous year, the company earned $0.02 earnings per share. As a group, sell-side analysts predict that Blue Foundry Bancorp will post -0.77 earnings per share for the current fiscal year.

Blue Foundry Bancorp 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.