Blue Foundry Bancorp (NASDAQ:BLFY) Shares Sold by Strategic Advisors LLC

Strategic Advisors LLC lowered its holdings in Blue Foundry Bancorp (NASDAQ:BLFY) by 27.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,470 shares of the company’s stock after selling 5,530 shares during the period. Strategic Advisors LLC’s holdings in Blue Foundry Bancorp were worth $135,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BLFY. SG Americas Securities LLC grew its holdings in shares of Blue Foundry Bancorp by 21.8% in the 4th quarter. SG Americas Securities LLC now owns 13,206 shares of the company’s stock worth $128,000 after acquiring an additional 2,365 shares during the last quarter. Wittenberg Investment Management Inc. boosted its holdings in shares of Blue Foundry Bancorp by 53.6% in 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 during the period. Park Avenue Securities LLC acquired a new stake in shares of Blue Foundry Bancorp during the first quarter valued at approximately $505,000. International Assets Investment Management LLC acquired a new stake in Blue Foundry Bancorp during the 4th quarter valued at $2,000,000. Finally, Essex Financial Services Inc. grew its holdings in shares of Blue Foundry Bancorp by 0.3% during the third quarter. Essex Financial Services Inc. now owns 596,603 shares of the company’s stock valued at $4,994,000 after buying an additional 1,545 shares in the last quarter. 56.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods dropped their price target on shares of Blue Foundry Bancorp from $9.00 to $8.00 and set a “market perform” rating on the stock in a research note on Thursday, April 25th.

Blue Foundry Bancorp Price Performance

Shares of NASDAQ BLFY traded down $0.01 during mid-day trading on Friday, reaching $9.11. 5,072 shares of the company’s stock were exchanged, compared to its average volume of 49,942. The business has a fifty day simple moving average of $9.02 and a 200 day simple moving average of $9.20. Blue Foundry Bancorp has a twelve month low of $7.08 and a twelve month high of $10.50. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.98.

Blue Foundry Bancorp (NASDAQ:BLFY) last announced its quarterly earnings data on Wednesday, April 24th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.07. The firm had revenue of $9.87 million for the quarter, compared to the consensus estimate of $9.30 million. Blue Foundry Bancorp had a negative net margin of 10.89% and a negative return on equity of 2.52%. As a group, equities research analysts expect that Blue Foundry Bancorp will post -0.69 EPS for the current fiscal year.

Blue Foundry Bancorp 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.