Insider Buying: Blue Foundry Bancorp (NASDAQ:BLFY) Director Acquires 2,125 Shares of Stock

Blue Foundry Bancorp (NASDAQ:BLFY – Get Rating) Director Jonathan M. Shaw purchased 2,125 shares of the business’s stock in a transaction on Monday, June 13th. The stock was acquired at an average price of $11.54 per share, with a total value of $24,522.50. Following the purchase, the director now directly owns 2,125 shares in the company, valued at approximately $24,522.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

NASDAQ BLFY opened at $11.39 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. Blue Foundry Bancorp has a twelve month low of $11.08 and a twelve month high of $15.47. The business has a 50-day moving average price of $12.40 and a 200-day moving average price of $13.61.

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

Several large investors have recently modified their holdings of the stock. Citigroup Inc. bought a new stake in Blue Foundry Bancorp in the 3rd quarter valued at $44,000. Royal Bank of Canada bought a new stake in shares of Blue Foundry Bancorp in the third quarter worth about $53,000. UBS Group AG purchased a new stake in shares of Blue Foundry Bancorp in the third quarter worth about $73,000. Metropolitan Life Insurance Co NY bought a new position in Blue Foundry Bancorp during the third quarter valued at approximately $120,000. Finally, Acadian Asset Management LLC purchased a new position in Blue Foundry Bancorp during the 1st quarter valued at approximately $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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