HighTower Advisors LLC Buys 8,556 Shares of Blue Foundry Bancorp (NASDAQ:BLFY)

HighTower Advisors LLC raised its position in Blue Foundry Bancorp (NASDAQ:BLFY) by 30.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,425 shares of the company’s stock after buying an additional 8,556 shares during the period. HighTower Advisors LLC owned 0.16% of Blue Foundry Bancorp worth $373,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. FMR LLC lifted its holdings in Blue Foundry Bancorp by 72.3% during the 3rd quarter. FMR LLC now owns 6,482 shares of the company’s stock worth $66,000 after buying an additional 2,720 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Blue Foundry Bancorp by 6.7% during the 2nd quarter. Renaissance Technologies LLC now owns 47,700 shares of the company’s stock worth $433,000 after acquiring an additional 3,000 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Blue Foundry Bancorp by 14.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 74,637 shares of the company’s stock valued at $677,000 after buying an additional 9,303 shares during the period. PDT Partners LLC bought a new stake in shares of Blue Foundry Bancorp in the 3rd quarter valued at $129,000. Finally, Essex Financial Services Inc. raised its position in shares of Blue Foundry Bancorp by 2.8% during the second quarter. Essex Financial Services Inc. now owns 631,662 shares of the company’s stock worth $5,729,000 after purchasing an additional 17,069 shares during the period. 56.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Blue Foundry Bancorp Price Performance

NASDAQ BLFY opened at $9.93 on Monday. The firm’s 50 day moving average is $10.63 and its 200-day moving average is $10.23. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $226.36 million, a PE ratio of -17.73 and a beta of 0.60. Blue Foundry Bancorp has a 12-month low of $7.90 and a 12-month high of $11.48.

Blue Foundry Bancorp (NASDAQ:BLFY) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.02). The business had revenue of $21.92 million during the quarter, compared to analyst estimates 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 in the previous year, the firm posted ($0.06) earnings per share. Equities research analysts anticipate that Blue Foundry Bancorp will post -0.6 earnings per share for the current fiscal 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.