Vanguard Group Inc. increased its position in Blue Foundry Bancorp (NASDAQ:BLFY – Free Report) by 2.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,340,909 shares of the company after purchasing an additional 33,150 shares during the same period. Vanguard Group Inc. owned about 5.60% of Blue Foundry Bancorp worth $12,551,000, according to its most recent filing with the SEC.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Essex Financial Services Inc. increased its position in Blue Foundry Bancorp by 3.8% in the first quarter. Essex Financial Services Inc. now owns 614,593 shares of the company’s stock worth $5,753,000 after purchasing an additional 22,499 shares in the last quarter. Park Avenue Securities LLC bought a new position in Blue Foundry Bancorp in the first quarter worth about $505,000. Wittenberg Investment Management Inc. increased its position in Blue Foundry Bancorp by 18.5% in the first quarter. Wittenberg Investment Management Inc. now owns 40,782 shares of the company’s stock worth $382,000 after purchasing an additional 6,378 shares in the last quarter. International Assets Investment Management LLC bought a new position in Blue Foundry Bancorp in the fourth quarter worth about $2,000,000. Finally, SG Americas Securities LLC increased its position in Blue Foundry Bancorp by 21.8% in the fourth quarter. SG Americas Securities LLC now owns 13,206 shares of the company’s stock worth $128,000 after purchasing an additional 2,365 shares in the last quarter. 56.52% of the shares are owned by hedge funds and other institutional investors.
Wall Street analysts comment
Several research firms have recently commented on BLFY. Keefe, Bruyette & Woods raised their price target on Blue Foundry Bancorp from $8.00 to $9.25 and gave the stock a “market perform” rating in a research note on Thursday, July 25. Piper Sandler raised their price target on Blue Foundry Bancorp from $9.50 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, July 29.
Get our latest stock report on BLFY
Blue Foundry Bancorp shares rise 2.0%
NASDAQ BLFY opened at $9.92 on Wednesday. The stock’s 50-day moving average price is $9.65 and its 200-day moving average price is $9.27. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.98. Blue Foundry Bancorp has a 52-week low of $7.08 and a 52-week high of $11.48. The company has a market cap of $235.19 million, a P/E ratio of -24.80 and a beta of 0.55.
Blue Foundry Bancorp (NASDAQ:BLFY – Get Free Report) last released its quarterly earnings results on Wednesday, July 24. The company reported earnings per share of -$0.11 for the quarter, beating the consensus estimate of -$0.19 by $0.08. The company had revenue of $21.83 million during the quarter, compared to the consensus estimate of $9.67 million. Blue Foundry Bancorp had a negative return on equity of 2.69% and a negative net margin of 11.29%. During the same quarter last year, the company posted earnings per share of -$0.08. On average, equities analysts forecast that Blue Foundry Bancorp will post earnings per share of -$0.58 for the current year.
Blue Foundry Bancorp Profile
(Free report)
Blue Foundry Bancorp is a bank holding company for Blue Foundry Bank, a savings bank that provides various banking products and services to individuals and businesses throughout the United States. The company offers savings, time and non-interest bearing deposits, demand deposits, and loans, such as one- to four-family residential, multi-family, residential real estate, non-residential real estate, consumer, construction, and commercial and industrial loans, as well as subordinated liens and home equity lines of credit.
Selected articles
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