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Blue Foundry Bancorp (BLFY)

Company Profile
Blue Foundry Bancorp is the holding company for Blue Foundry Bank, a place where things are made, purpose is formed, and ideas are crafted. Dedicated to individual support, Blue Foundry Bank offers a comprehensive line of products and services including personal and business banking and lending, to support clients’ financial goals and investment for growth. With its Universal Bankers acting more as partners, the process will be less about banking and more about living.

Company profile

Ticker
BLFY
Exchange
NASDAQ
Website
bluefoundrybank.com
Employees
Incorporated
Delaware
Location
New Jersey
Fiscal year end
Dec 31
Sector
Finance and Insurance > Savings Institutions
Industry (SIC)
Savings Institutions, Not Federally Chartered
New York Community Bancorp • Berkshire Hills Bancorp • Third Coast Bancshares • United Community Financial • ESSA Bancorp • Heritage Financial • Pioneer Bancorp • PCSB Financial • Home Bancorp • NorthEast Community Bancorp ...
SEC CIK
0001846017
Corporate docs
Articles of Incorporation & Bylaws
Underwriting Agreements
Plans of Reorganization
Indentures
Material Contracts & Credit Agreements
Subsidiaries Lists

BLFY stock data

Analyst ratings and price targets

Last 3 months
Compass Point
Downgraded
Neutral
$13.00
26 Jan 23
Latest filings (excl ownership)
View all
8-K
Blue Foundry Bancorp Reports Fourth Quarter and Year-End 2022 Results
25 Jan 23
8-K
Departure of Directors or Certain Officers
5 Jan 23
10-Q
2022 Q3
Quarterly report
10 Nov 22
8-K
Blue Foundry Bancorp Reports Third Quarter 2022 Results
26 Oct 22
8-K
Blue Foundry Bancorp Schedules Third Quarter 2022 Earnings Conference Call
13 Oct 22
S-8
Registration of securities for employees
29 Aug 22
8-K
Departure of Directors or Certain Officers
25 Aug 22
10-Q
2022 Q2
Quarterly report
12 Aug 22
DEFA14A
Additional proxy soliciting materials
10 Aug 22
DEFA14A
Additional proxy soliciting materials
10 Aug 22
Transcripts
BLFY
Earnings call transcript
2022 Q4
25 Jan 23
BLFY
Earnings call transcript
2022 Q3
27 Oct 22
BLFY
Earnings call transcript
2022 Q2
27 Jul 22
BLFY
Earnings call transcript
2022 Q1
27 Apr 22
Latest ownership filings
View all
4
ROBERT ROWE
31 Jan 23
3
ELIZABETH VARKI JOBES
11 Jan 23
4
ROBERT ROWE
23 Dec 22
3/A
ROBERT ROWE
23 Dec 22
3
ROBERT ROWE
14 Dec 22
4
Aleksander Malkiman
21 Oct 22
4
Jason M. Goldberg
21 Oct 22
4
Thomas Packwood
21 Oct 22
4
James D Nesci
21 Oct 22
4
Acela Roselle
21 Oct 22

Financial summary

Financial statements Chart BLFY financial data
Quarter (USD) Sep 22 Jun 22 Mar 22 Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 57.32 mm 57.32 mm 57.32 mm 57.32 mm 57.32 mm 57.32 mm
Cash burn (monthly) (no burn) 22.25 mm 2.48 mm 1.27 mm (no burn) 750.33 k
Cash used (since last report) n/a 90.75 mm 10.10 mm 5.16 mm n/a 3.06 mm
Cash remaining n/a -33.42 mm 47.23 mm 52.16 mm n/a 54.26 mm
Runway (months of cash) n/a -1.5 19.1 41.2 n/a 72.3

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2022

BLFY institutional ownership history Ownership history
41.4% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 62 65 -4.6%
Opened positions 10 12 -16.7%
Closed positions 13 7 +85.7%
Increased positions 18 17 +5.9%
Reduced positions 20 21 -4.8%
13F shares Current Prev Q Change
Total value 128.73 mm 144.40 mm -10.9%
Total shares 11.54 mm 12.04 mm -4.2%
Total puts 0.00 0.00
Total calls 0.00 0.00
Total put/call ratio – – –
Largest owners Shares Value Change
T. Rowe Price Investment Management 2.76 mm $30.80 mm NEW
BLK Blackrock 1.75 mm $19.47 mm -2.3%
Driehaus Capital Management 1.51 mm $16.81 mm +7.5%
Vanguard 1.49 mm $16.66 mm +3.4%
rhino investment partners 677.67 k $7.56 mm +18.3%
Essex Financial Services 593.01 k $6.61 mm +1.9%
Geode Capital Management 464.94 k $5.18 mm -4.4%
Price Jennifer C. 337.29 k $3.76 mm 0.0%
GW&K Investment Management 275.17 k $3.07 mm -5.0%
Panagora Asset Management 238.67 k $2.66 mm +4.7%
Largest transactions Shares Bought/sold Change
T. Rowe Price 0.00 -2.77 mm EXIT
T. Rowe Price Investment Management 2.76 mm +2.76 mm NEW
STT State Street 0.00 -455.09 k EXIT
Hotchkis & Wiley Capital Management 0.00 -385.01 k EXIT
Driehaus Capital Management 1.51 mm +105.49 k +7.5%
rhino investment partners 677.67 k +104.66 k +18.3%
Dimensional Fund Advisors 77.11 k +77.11 k NEW
STRS Ohio 52.20 k +52.20 k NEW
Vanguard 1.49 mm +49.11 k +3.4%
AMP Ameriprise Financial 0.00 -46.70 k EXIT
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

BLFY insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Jan 23 Robert Rowe Common Stock Buy Acquire P No No 11.6199 5,000 58.10 k 5,000
1 Dec 22 Robert Rowe Stock Options Common Stock Grant Acquire A No No 12.87 10,000 128.70 k 10,000
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro
Benzinga's Top Ratings Upgrades, Downgrades For January 26, 2023
26 Jan 23
Compass Point Downgrades Blue Foundry to Neutral, Lowers Price Target to $13
26 Jan 23
Compass Point analyst Laurie Havener downgrades Blue Foundry (NASDAQ:BLFY) from Buy to Neutral and lowers the price target from $14 to $13.
Blue Foundry Q4 EPS $0.02 Beats $0.01 Estimate
25 Jan 23
Blue Foundry (NASDAQ:BLFY) reported quarterly earnings of $0.02 per share which beat the analyst consensus estimate of $0.01 by 100 percent. This is a 103.08 percent increase over losses of $(0.65) per share from the
Earnings Scheduled For January 25, 2023
25 Jan 23
A Preview Of Blue Foundry's Earnings
24 Jan 23

Press releases

From Benzinga Pro
Blue Foundry Bancorp Reports Fourth Quarter and Year-End 2022 Results
25 Jan 23
RUTHERFORD, N. J. , Jan. 25, 2023 (GLOBE NEWSWIRE) -- Blue Foundry Bancorp (NASDAQ:BLFY) (the "Company"), the holding company for Blue Foundry Bank (the "Bank"), today reported net income of $2.4 million, or $0.09 per
Blue Foundry Bancorp Schedules Fourth Quarter & Year-End 2022 Earnings Conference Call
11 Jan 23
RUTHERFORD, N.J., Jan. 11, 2023 (GLOBE NEWSWIRE) -- Blue Foundry Bancorp (NASDAQ:BLFY) (the "Company"), the holding company for Blue Foundry Bank, announced that it will release financial results for the quarter and
Blue Foundry Bancorp Names Elizabeth Varki Jobes, Esq. to Board of Directors
5 Jan 23
RUTHERFORD, N.J., Jan. 05, 2023 (GLOBE NEWSWIRE) -- Blue Foundry Bancorp (NASDAQ:BLFY) (the "Company"), announced today the appointment of Elizabeth Varki Jobes, Esq. as a Director, effective immediately. James D.
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