Blue Foundry Bancorp $BLFY Shares Sold by Essex Financial Services Inc.

Essex Financial Services Inc. cut its holdings in shares of Blue Foundry Bancorp (NASDAQ:BLFY) by 48.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 326,231 shares of the company’s stock after selling 302,624 shares during the period. Essex Financial Services Inc.’s holdings in Blue Foundry Bancorp were worth $4,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in Blue Foundry Bancorp by 72.8% in the third quarter. BNP Paribas Financial Markets now owns 4,066 shares of the company’s stock valued at $37,000 after buying an additional 1,713 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Blue Foundry Bancorp by 257.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,156 shares of the company’s stock valued at $49,000 after buying an additional 3,715 shares in the last quarter. Sei Investments Co. purchased a new position in Blue Foundry Bancorp in the second quarter valued at $96,000. PNC Financial Services Group Inc. increased its holdings in Blue Foundry Bancorp by 16.6% in the third quarter. PNC Financial Services Group Inc. now owns 11,452 shares of the company’s stock valued at $104,000 after buying an additional 1,628 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in Blue Foundry Bancorp in the third quarter valued at $105,000. Hedge funds and other institutional investors own 56.52% of the company’s stock.

Blue Foundry Bancorp Price Performance

Shares of NASDAQ BLFY opened at $13.24 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average of $13.18 and a 200 day moving average of $12.67. The stock has a market cap of $274.88 million, a PE ratio of -28.78 and a beta of 0.55. Blue Foundry Bancorp has a 12-month low of $7.61 and a 12-month high of $14.74.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Blue Foundry Bancorp in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Blue Foundry Bancorp

Blue Foundry Bancorp, Inc (NASDAQ: BLFY) is a bank holding company headquartered in Paramus, New Jersey, serving the Greater New York metropolitan area. Through its wholly owned subsidiary, Blue Foundry Bank, the company offers a full suite of deposit products, including personal and business checking and savings accounts, certificates of deposit, and a robust online and mobile banking platform.

In addition to deposit accounts, Blue Foundry Bancorp provides a range of lending solutions designed for both individual and commercial clients.