Bank of New York Mellon Corp Has $542,000 Holdings in Blue Foundry Bancorp (NASDAQ:BLFY)

Bank of New York Mellon Corp lessened its holdings in Blue Foundry Bancorp (NASDAQ:BLFY) by 3.2% during the fourth quarter, HoldingsChannel reports. The fund owned 55,215 shares of the company’s stock after selling 1,847 shares during the quarter. Bank of New York Mellon Corp’s holdings in Blue Foundry Bancorp were worth $542,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Essex Financial Services Inc. grew its holdings in shares of Blue Foundry Bancorp by 5.4% in the fourth quarter. Essex Financial Services Inc. now owns 654,231 shares of the company’s stock valued at $6,418,000 after acquiring an additional 33,759 shares in the last quarter. R Squared Ltd bought a new position in Blue Foundry Bancorp in the 4th quarter worth approximately $34,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Blue Foundry Bancorp by 12,513.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 29,389 shares of the company’s stock valued at $288,000 after purchasing an additional 29,156 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Blue Foundry Bancorp by 173.3% during the third quarter. JPMorgan Chase & Co. now owns 70,185 shares of the company’s stock valued at $719,000 after buying an additional 44,505 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Blue Foundry Bancorp in the 3rd quarter worth approximately $71,000. Institutional investors own 56.52% of the company’s stock.

Blue Foundry Bancorp Stock Performance

NASDAQ BLFY opened at $9.31 on Friday. Blue Foundry Bancorp has a 12-month low of $7.90 and a 12-month high of $11.48. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.03. The company has a 50-day simple moving average of $9.64 and a two-hundred day simple moving average of $10.08. The firm has a market cap of $212.23 million, a price-to-earnings ratio of -16.62 and a beta of 0.62.

Blue Foundry Bancorp (NASDAQ:BLFY) last posted its earnings results on Wednesday, January 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts forecast that Blue Foundry Bancorp will post -0.47 EPS for the current year.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods cut their price target on shares of Blue Foundry Bancorp from $11.00 to $10.00 and set a “market perform” rating for the company in a research note 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.