Trexquant Investment LP Buys 16,817 Shares of Blue Foundry Bancorp (NASDAQ:BLFY)

Trexquant Investment LP lifted its position in Blue Foundry Bancorp (NASDAQ:BLFY) by 109.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,251 shares of the company’s stock after purchasing an additional 16,817 shares during the period. Trexquant Investment LP owned 0.14% of Blue Foundry Bancorp worth $316,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BLFY. CIBC Private Wealth Group LLC bought a new position in shares of Blue Foundry Bancorp during the 4th quarter worth $170,000. JPMorgan Chase & Co. increased its position in Blue Foundry Bancorp by 63.5% during the 4th quarter. JPMorgan Chase & Co. now owns 114,782 shares of the company’s stock valued at $1,126,000 after purchasing an additional 44,597 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Blue Foundry Bancorp in the 4th quarter valued at about $176,000. Essex Financial Services Inc. lifted its position in shares of Blue Foundry Bancorp by 5.4% in the 4th quarter. Essex Financial Services Inc. now owns 654,231 shares of the company’s stock worth $6,418,000 after purchasing an additional 33,759 shares during the period. Finally, R Squared Ltd purchased a new position in Blue Foundry Bancorp during the fourth quarter valued at approximately $34,000. Institutional investors own 56.52% of the company’s stock.

Blue Foundry Bancorp Stock Performance

BLFY stock opened at $8.56 on Monday. The firm has a 50-day simple moving average of $9.45 and a two-hundred day simple moving average of $9.91. 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 has a one year low of $7.90 and a one year high of $11.48. The firm has a market cap of $189.15 million, a price-to-earnings ratio of -15.29 and a beta of 0.64.

Blue Foundry Bancorp (NASDAQ:BLFY) last posted its earnings results on Wednesday, January 29th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.04. Blue Foundry Bancorp had a negative net margin of 13.65% and a negative return on equity of 3.45%. On average, equities analysts forecast that Blue Foundry Bancorp will post -0.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods dropped their target price on Blue Foundry Bancorp from $11.00 to $10.00 and set a “market perform” rating on the stock in a research report 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.