Blue Foundry Bancorp (NASDAQ:BLFY) Director Robert Thomas Goldstein Sells 3,500 Shares

Blue Foundry Bancorp (NASDAQ:BLFY) Director Robert Thomas Goldstein sold 3,500 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $10.79, for a total value of $37,765.00. Following the completion of the sale, the director now directly owns 39,283 shares of the company’s stock, valued at approximately $423,863.57. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Blue Foundry Bancorp Stock Performance

Blue Foundry Bancorp stock traded up $0.13 during mid-day trading on Thursday, hitting $11.00. 33,130 shares of the company’s stock traded hands, compared to its average volume of 54,394. The firm has a 50 day simple moving average of $10.00 and a two-hundred day simple moving average of $9.35. Blue Foundry Bancorp has a fifty-two week low of $7.08 and a fifty-two week high of $11.48. The stock has a market cap of $260.80 million, a price-to-earnings ratio of -27.53 and a beta of 0.55. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.24 and a quick ratio of 1.24.

Blue Foundry Bancorp (NASDAQ:BLFY) last announced its quarterly earnings results on Wednesday, July 24th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.08. Blue Foundry Bancorp had a negative return on equity of 2.69% and a negative net margin of 11.29%. The business had revenue of $21.83 million during the quarter, compared to the consensus estimate of $9.67 million. During the same quarter last year, the firm posted ($0.08) EPS. On average, research analysts expect that Blue Foundry Bancorp will post -0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Blue Foundry Bancorp

Hedge funds have recently added to or reduced their stakes in the business. EntryPoint Capital LLC acquired a new stake in Blue Foundry Bancorp during the 1st quarter valued at $32,000. Round Hill Asset Management lifted its holdings in shares of Blue Foundry Bancorp by 32.8% during the first quarter. Round Hill Asset Management now owns 21,234 shares of the company’s stock worth $199,000 after buying an additional 5,248 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Blue Foundry Bancorp during the second quarter worth $225,000. Wittenberg Investment Management Inc. lifted its holdings in shares of Blue Foundry Bancorp by 53.6% during the fourth quarter. Wittenberg Investment Management Inc. now owns 34,404 shares of the company’s stock worth $333,000 after buying an additional 12,000 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Blue Foundry Bancorp by 6.7% during the second quarter. Renaissance Technologies LLC now owns 47,700 shares of the company’s stock worth $433,000 after buying an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 56.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Piper Sandler increased their price objective on Blue Foundry Bancorp from $9.50 to $12.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods increased their price objective on Blue Foundry Bancorp from $8.00 to $9.25 and gave the company a “market perform” rating in a report on Thursday, July 25th.

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.