Proficio Capital Partners LLC Takes $176,000 Position in Blue Foundry Bancorp (NASDAQ:BLFY)

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

A number of other large investors have also recently bought and sold shares of BLFY. R Squared Ltd acquired a new stake in shares of Blue Foundry Bancorp in the fourth quarter worth about $34,000. FMR LLC increased its holdings in shares of Blue Foundry Bancorp by 72.3% during the 3rd quarter. FMR LLC now owns 6,482 shares of the company’s stock valued at $66,000 after acquiring an additional 2,720 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Blue Foundry Bancorp in the 3rd quarter valued at approximately $71,000. PDT Partners LLC acquired a new stake in Blue Foundry Bancorp in the 3rd quarter worth approximately $129,000. Finally, Kovitz Investment Group Partners LLC bought a new stake in Blue Foundry Bancorp during the third quarter worth approximately $210,000. 56.52% of the stock is currently owned by institutional investors.

Blue Foundry Bancorp Stock Up 0.1 %

BLFY stock opened at $9.31 on Friday. The stock has a market capitalization of $212.23 million, a price-to-earnings ratio of -16.62 and a beta of 0.62. The company has a 50-day moving average of $9.64 and a two-hundred day moving average of $10.08. Blue Foundry Bancorp has a 52-week low of $7.90 and a 52-week high of $11.48. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.23 and a quick ratio of 1.23.

Blue Foundry Bancorp (NASDAQ:BLFY) last posted its quarterly earnings data on Wednesday, January 29th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate 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%. As a group, equities research analysts anticipate that Blue Foundry Bancorp will post -0.47 EPS for the current year.

Analysts Set New Price Targets

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

About Blue Foundry Bancorp

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.