Wilmington Savings Fund Society FSB Buys Shares of 6,961 Blue Foundry Bancorp (NASDAQ:BLFY)

Wilmington Savings Fund Society FSB purchased a new stake in Blue Foundry Bancorp (NASDAQ:BLFY) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 6,961 shares of the company’s stock, valued at approximately $71,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Barclays PLC increased its holdings in shares of Blue Foundry Bancorp by 339.3% in the 3rd quarter. Barclays PLC now owns 29,321 shares of the company’s stock valued at $301,000 after acquiring an additional 22,647 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in Blue Foundry Bancorp during the third quarter valued at about $210,000. State Street Corp grew its stake in Blue Foundry Bancorp by 0.7% in the third quarter. State Street Corp now owns 479,365 shares of the company’s stock valued at $4,913,000 after purchasing an additional 3,272 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Blue Foundry Bancorp by 30.7% during the third quarter. HighTower Advisors LLC now owns 36,425 shares of the company’s stock valued at $373,000 after buying an additional 8,556 shares during the last quarter. Finally, PDT Partners LLC bought a new stake in shares of Blue Foundry Bancorp in the 3rd quarter valued at about $129,000. 56.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lifted their price objective on shares of Blue Foundry Bancorp from $9.75 to $11.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

Blue Foundry Bancorp Stock Performance

Shares of BLFY opened at $9.93 on Friday. Blue Foundry Bancorp has a 12 month low of $7.90 and a 12 month high of $11.48. The stock has a fifty day moving average price of $10.63 and a 200-day moving average price of $10.22. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.03. The firm has a market cap of $226.36 million, a PE ratio of -17.73 and a beta of 0.60.

Blue Foundry Bancorp (NASDAQ:BLFY) last released its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.02). The business had revenue of $21.92 million during the quarter, compared to analysts’ expectations of $10.26 million. Blue Foundry Bancorp had a negative net margin of 14.14% and a negative return on equity of 3.50%. During the same quarter last year, the business posted ($0.06) earnings per share. Equities research analysts predict that Blue Foundry Bancorp will post -0.6 earnings per share 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.