State Street Corp Purchases 3,272 Shares of Blue Foundry Bancorp (NASDAQ:BLFY)

State Street Corp boosted its position in shares of Blue Foundry Bancorp (NASDAQ:BLFY) by 0.7% in the third quarter, Holdings Channel reports. The fund owned 479,365 shares of the company’s stock after acquiring an additional 3,272 shares during the period. State Street Corp’s holdings in Blue Foundry Bancorp were worth $4,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in shares of Blue Foundry Bancorp by 14.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 74,637 shares of the company’s stock worth $677,000 after purchasing an additional 9,303 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Blue Foundry Bancorp by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 856,285 shares of the company’s stock worth $7,766,000 after buying an additional 61,335 shares during the period. Renaissance Technologies LLC increased its position in Blue Foundry Bancorp by 6.7% in the 2nd quarter. Renaissance Technologies LLC now owns 47,700 shares of the company’s stock worth $433,000 after buying an additional 3,000 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Blue Foundry Bancorp during the second quarter worth approximately $225,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Blue Foundry Bancorp in the third quarter valued at approximately $2,000,000. 56.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods boosted their target price on shares of Blue Foundry Bancorp from $9.75 to $11.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

Blue Foundry Bancorp Stock Down 1.4 %

Shares of BLFY opened at $9.76 on Monday. Blue Foundry Bancorp has a 52 week low of $7.90 and a 52 week high of $11.48. The firm has a market capitalization of $222.49 million, a P/E ratio of -17.43 and a beta of 0.60. The company has a 50-day simple moving average of $10.57 and a 200-day simple moving average of $10.26. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.23.

Blue Foundry Bancorp (NASDAQ:BLFY) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.02). The firm had revenue of $21.92 million during the quarter, compared to the consensus estimate of $10.26 million. Blue Foundry Bancorp had a negative return on equity of 3.50% and a negative net margin of 14.14%. During the same quarter in the prior year, the business posted ($0.06) EPS. On average, equities research analysts expect that Blue Foundry Bancorp will post -0.6 earnings per share for the current year.

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.