Insider Buying: Blue Foundry Bancorp (NASDAQ:BLFY) Director Acquires 3,000 Shares of Stock

Blue Foundry Bancorp (NASDAQ:BLFY – Get Rating) Director Patrick H. Kinzler bought 3,000 shares of Blue Foundry Bancorp stock in a transaction dated Tuesday, May 10th. The stock was acquired at an average cost of $11.99 per share, for a total transaction of $35,970.00. Following the completion of the acquisition, the director now directly owns 19,376 shares in the company, valued at $232,318.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of BLFY opened at $11.68 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. Blue Foundry Bancorp has a one year low of $11.55 and a one year high of $15.47. The business’s 50 day simple moving average is $13.16 and its 200-day simple moving average is $14.04.

Blue Foundry Bancorp (NASDAQ:BLFY – Get Rating) last announced its earnings results on Wednesday, April 27th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.03. Blue Foundry Bancorp had a negative return on equity of 9.71% and a negative net margin of 59.96%.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in Blue Foundry Bancorp by 3.9% during the 4th quarter. BlackRock Inc. now owns 1,936,720 shares of the company’s stock worth $28,333,000 after buying an additional 73,130 shares in the last quarter. Two Sigma Advisers LP acquired a new position in Blue Foundry Bancorp during the 3rd quarter worth $6,906,000. Essex Financial Services Inc. acquired a new position in Blue Foundry Bancorp during the 3rd quarter worth $6,534,000. Geode Capital Management LLC lifted its holdings in Blue Foundry Bancorp by 9.9% during the 4th quarter. Geode Capital Management LLC now owns 470,929 shares of the company’s stock worth $6,889,000 after buying an additional 42,491 shares in the last quarter. Finally, State Street Corp lifted its holdings in Blue Foundry Bancorp by 42.9% during the 4th quarter. State Street Corp now owns 423,680 shares of the company’s stock worth $6,198,000 after buying an additional 127,280 shares in the last quarter. 38.96% of the stock is currently owned by hedge funds and other institutional investors.

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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