Blue Foundry Bancorp (NASDAQ:BLFY) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its holdings in Blue Foundry Bancorp (NASDAQ:BLFY) by 13.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,700 shares of the company’s stock after selling 11,600 shares during the period. Renaissance Technologies LLC owned about 0.33% of Blue Foundry Bancorp worth $733,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Barclays PLC lifted its position in Blue Foundry Bancorp by 339.3% during the third quarter. Barclays PLC now owns 29,321 shares of the company’s stock valued at $301,000 after purchasing an additional 22,647 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Blue Foundry Bancorp in the 3rd quarter valued at about $71,000. JPMorgan Chase & Co. lifted its holdings in shares of Blue Foundry Bancorp by 173.3% in the 3rd 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. MassMutual Private Wealth & Trust FSB boosted its stake 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 worth $288,000 after buying an additional 29,156 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in Blue Foundry Bancorp during the fourth quarter worth about $34,000. 56.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lowered their price objective 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.

Blue Foundry Bancorp Trading Up 2.7 %

Shares of Blue Foundry Bancorp stock opened at $9.59 on Friday. Blue Foundry Bancorp has a twelve month low of $8.30 and a twelve month high of $11.48. The firm’s 50-day moving average price is $9.22 and its 200 day moving average price is $9.84. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $211.91 million, a PE ratio of -17.12 and a beta of 0.64.

Blue Foundry Bancorp (NASDAQ:BLFY) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.03. Blue Foundry Bancorp had a negative return on equity of 3.45% and a negative net margin of 13.65%. The firm had revenue of $11.14 million for the quarter, compared to analyst estimates of $10.29 million. On average, sell-side analysts predict that Blue Foundry Bancorp will post -0.47 EPS for the current fiscal year.

Blue Foundry Bancorp Company Profile

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.