D. E. Shaw & Co. Inc. Purchases 10,271 Shares of Blue Foundry Bancorp (NASDAQ:BLFY)

D. E. Shaw & Co. Inc. boosted its position in Blue Foundry Bancorp (NASDAQ:BLFY) by 26.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,202 shares of the company’s stock after buying an additional 10,271 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.22% of Blue Foundry Bancorp worth $483,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of BLFY. JPMorgan Chase & Co. raised its stake in Blue Foundry Bancorp by 173.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 70,185 shares of the company’s stock valued at $719,000 after purchasing an additional 44,505 shares during the last quarter. Essex Financial Services Inc. increased its holdings in shares of Blue Foundry Bancorp by 5.4% during 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. Dimensional Fund Advisors LP increased its holdings in shares of Blue Foundry Bancorp by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 936,971 shares of the company’s stock worth $9,192,000 after purchasing an additional 21,716 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Blue Foundry Bancorp during the fourth quarter valued at about $176,000. Finally, T. Rowe Price Investment Management Inc. lifted its stake in shares of Blue Foundry Bancorp by 5.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,846,896 shares of the company’s stock valued at $27,929,000 after buying an additional 143,375 shares during the period. Institutional investors own 56.52% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods cut their target price on 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.

Blue Foundry Bancorp Stock Down 1.4%

NASDAQ:BLFY opened at $9.19 on Monday. The company has a market cap of $199.62 million, a price-to-earnings ratio of -16.41 and a beta of 0.63. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.23. The stock’s fifty day moving average price is $9.33 and its two-hundred day moving average price is $9.80. Blue Foundry Bancorp has a 52-week low of $8.30 and a 52-week high of $11.48.

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