Blue Foundry Bancorp (NASDAQ:BLFY) Stock Position Cut by Cerity Partners LLC

Cerity Partners LLC trimmed its stake in shares of Blue Foundry Bancorp (NASDAQ:BLFY) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,992 shares of the company’s stock after selling 1,165 shares during the quarter. Cerity Partners LLC owned about 0.10% of Blue Foundry Bancorp worth $236,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in Blue Foundry Bancorp in the fourth quarter worth approximately $34,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Blue Foundry Bancorp in the third quarter valued at $71,000. Wells Fargo & Company MN boosted its stake in Blue Foundry Bancorp by 22.7% during the fourth quarter. Wells Fargo & Company MN now owns 12,331 shares of the company’s stock valued at $121,000 after buying an additional 2,284 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Blue Foundry Bancorp in the fourth quarter worth about $176,000. Finally, CIBC Private Wealth Group LLC acquired a new stake in Blue Foundry Bancorp in the 4th quarter valued at about $170,000. 56.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods decreased their price target on shares of Blue Foundry Bancorp from $11.00 to $10.00 and set a “market perform” rating on the stock in a research report on Thursday, January 30th.

Blue Foundry Bancorp Trading Up 0.5 %

Shares of BLFY opened at $9.28 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.03. Blue Foundry Bancorp has a 1-year low of $8.30 and a 1-year high of $11.48. The stock has a market capitalization of $205.06 million, a P/E ratio of -16.57 and a beta of 0.64. The business’s 50-day moving average price is $9.26 and its 200 day moving average price is $9.85.

Blue Foundry Bancorp (NASDAQ:BLFY) last released its earnings results on Wednesday, January 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.04. Blue Foundry Bancorp had a negative return on equity of 3.45% and a negative net margin of 13.65%. Analysts expect that Blue Foundry Bancorp will post -0.47 earnings per share for the current year.

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.