Blue Foundry Bancorp (NASDAQ:BLFY) Director Patrick H. Kinzler Buys 2,000 Shares

Blue Foundry Bancorp (NASDAQ:BLFY – Get a rating) Manager Patrick H. Kinzler bought 2,000 shares in a trade that took place on Friday, July 29. The shares were acquired at an average cost of $11.75 per share, for a total transaction of $23,500.00. Following the completion of the acquisition, the administrator now owns 26,376 shares of the company, valued at approximately $309,918. The purchase was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link.

Blue Foundry Bancorp price performance

NASDAQ BLFY traded down $0.06 during Monday trading hours, hitting $11.79. The company’s shares had a trading volume of 3,072 shares, compared to an average volume of 66,307. The company has a market capitalization of $336.27 million and a price-earnings ratio of -8.34. Blue Foundry Bancorp has a 1-year low of $11.08 and a 1-year high of $15.47. The company’s 50-day moving average price is $11.93 and its 200-day moving average price is $12.96. The company has a quick ratio of 1.12, a current ratio of 1.12 and a leverage ratio of 0.44.

Blue Foundry Bancorp Institutional Negotiation

Hedge funds have recently changed their holdings in the company. Panagora Asset Management Inc. increased its position in shares of Blue Foundry Bancorp by 45.7% during the 4th quarter. Panagora Asset Management Inc. now owns 155,467 shares of the company valued at $2,274,000 after purchasing an additional 48,776 shares in the last quarter. TD Asset Management Inc. increased its position in shares of Blue Foundry Bancorp by 174.7% during the fourth quarter. TD Asset Management Inc. now owns 54,650 shares of the company valued at $800,000 after purchasing an additional 34,755 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Blue Foundry Bancorp during Q4, valued at approximately $175,000. SlateStone Wealth LLC bought a new position in shares of Blue Foundry Bancorp during Q4, valued at approximately $337,000. Finally, GW&K Investment Management LLC bought a new position in Blue Foundry Bancorp in Q4 worth $4,543,000. 38.96% of the shares are held by hedge funds and other institutional investors.

About Blue Foundry Bancorp

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Blue Foundry Bancorp operates as a bank holding company for Blue Foundry Bank, a savings bank that offers various retail and corporate banking products and services. The company offers deposits; and loans, such as one to four family residential properties, home equity, commercial, multi-family, construction, commercial and industrial real estate, and other consumer loans, as well as margins of home equity loan.

Further reading

Insider buying and selling by quarter for Blue Foundry Bancorp (NASDAQ:BLFY)

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