17,903 Shares in Blue Foundry Bancorp (NASDAQ:BLFY) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in Blue Foundry Bancorp (NASDAQ:BLFY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 17,903 shares of the company’s stock, valued at approximately $176,000. Proficio Capital Partners LLC owned 0.08% of Blue Foundry Bancorp as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its position in shares of Blue Foundry Bancorp by 72.3% in the 3rd quarter. FMR LLC now owns 6,482 shares of the company’s stock worth $66,000 after purchasing an additional 2,720 shares during the last quarter. PDT Partners LLC purchased a new position in shares of Blue Foundry Bancorp in the 3rd quarter worth about $129,000. HighTower Advisors LLC raised its position in shares of Blue Foundry Bancorp by 30.7% in the 3rd quarter. HighTower Advisors LLC now owns 36,425 shares of the company’s stock worth $373,000 after purchasing an additional 8,556 shares during the last quarter. State Street Corp raised its position in Blue Foundry Bancorp by 0.7% in the 3rd quarter. State Street Corp now owns 479,365 shares of the company’s stock worth $4,913,000 after buying an additional 3,272 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new position in Blue Foundry Bancorp in the 3rd quarter worth about $210,000. Institutional investors own 56.52% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Blue Foundry Bancorp Price Performance

Shares of NASDAQ:BLFY opened at $9.38 on Thursday. Blue Foundry Bancorp has a fifty-two week low of $7.90 and a fifty-two week high of $11.48. The business has a 50-day simple moving average of $9.62 and a two-hundred day simple moving average of $10.19. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market cap of $213.83 million, a price-to-earnings ratio of -16.75 and a beta of 0.62.

Blue Foundry Bancorp (NASDAQ:BLFY) last issued its earnings results on Wednesday, January 29th. The company reported ($0.13) earnings per share for the quarter, topping 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%. On average, analysts expect that Blue Foundry Bancorp will post -0.47 earnings per share for the current 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.