SG Americas Securities LLC Has $128,000 Position in Blue Foundry Bancorp (NASDAQ:BLFY)

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

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. American Century Companies Inc. boosted its stake in Blue Foundry Bancorp by 22.7% in the third quarter. American Century Companies Inc. now owns 18,529 shares of the company’s stock worth $155,000 after purchasing an additional 3,431 shares in the last quarter. Deutsche Bank AG boosted its stake in Blue Foundry Bancorp by 39.3% in the third quarter. Deutsche Bank AG now owns 17,300 shares of the company’s stock worth $145,000 after purchasing an additional 4,885 shares in the last quarter. Essex Financial Services Inc. boosted its stake in Blue Foundry Bancorp by 0.3% in the third quarter. Essex Financial Services Inc. now owns 596,603 shares of the company’s stock worth $4,994,000 after purchasing an additional 1,545 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Blue Foundry Bancorp in the third quarter worth $289,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Blue Foundry Bancorp by 180.2% during the third quarter. Tower Research Capital LLC TRC now owns 2,965 shares of the company’s stock valued at $25,000 after acquiring an additional 1,907 shares during the period. Institutional investors and hedge funds own 56.52% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Blue Foundry Bancorp Trading Up 0.5 %

Shares of BLFY opened at $7.96 on Thursday. 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 has a 12-month low of $7.08 and a 12-month high of $10.80. The firm has a market capitalization of $193.73 million, a PE ratio of -24.88 and a beta of 0.49. The stock’s fifty day simple moving average is $9.01 and its 200-day simple moving average is $8.98.

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

Insider Activity at Blue Foundry Bancorp

In related news, Director Margaret Letsche sold 2,567 shares of the company’s 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 completion of the sale, the director now owns 61,610 shares in the company, valued at $621,028.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.21% of the stock is currently owned by corporate insiders.

Blue Foundry Bancorp Company 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.