Barclays PLC Acquires 22,647 Shares of Blue Foundry Bancorp (NASDAQ:BLFY)

Barclays PLC lifted its holdings in shares of Blue Foundry Bancorp (NASDAQ:BLFY) by 339.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,321 shares of the company’s stock after purchasing an additional 22,647 shares during the quarter. Barclays PLC owned 0.13% of Blue Foundry Bancorp worth $301,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

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

Blue Foundry Bancorp Stock Down 1.3 %

Shares of NASDAQ BLFY opened at $9.36 on Monday. The stock has a market capitalization of $213.37 million, a P/E ratio of -16.71 and a beta of 0.60. Blue Foundry Bancorp has a one year low of $7.90 and a one year high of $11.48. The firm’s 50 day simple moving average is $10.54 and its two-hundred day simple moving average is $10.30. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.23 and a quick ratio of 1.23.

Blue Foundry Bancorp (NASDAQ:BLFY) last released its earnings results on Wednesday, October 23rd. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.02). The business had revenue of $21.92 million for the quarter, compared to the consensus estimate of $10.26 million. Blue Foundry Bancorp had a negative net margin of 14.14% and a negative return on equity of 3.50%. During the same period in the prior year, the business posted ($0.06) EPS. As a group, analysts expect that Blue Foundry Bancorp will post -0.6 EPS for the current fiscal year.

Blue Foundry Bancorp 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.