Barclays PLC Boosts Stock Holdings in Blue Foundry Bancorp (NASDAQ:BLFY)

Barclays PLC increased its position in shares of Blue Foundry Bancorp (NASDAQ:BLFY) by 339.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,321 shares of the company’s stock after buying an additional 22,647 shares during the period. Barclays PLC owned 0.13% of Blue Foundry Bancorp worth $301,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of Blue Foundry Bancorp by 72.3% in the third quarter. FMR LLC now owns 6,482 shares of the company’s stock valued at $66,000 after buying an additional 2,720 shares in the last quarter. PDT Partners LLC purchased a new position in Blue Foundry Bancorp during the third quarter valued at $129,000. Kovitz Investment Group Partners LLC acquired a new stake in shares of Blue Foundry Bancorp in the third quarter valued at about $210,000. Squarepoint Ops LLC purchased a new stake in shares of Blue Foundry Bancorp during the second quarter worth about $225,000. Finally, HighTower Advisors LLC lifted its stake in Blue Foundry Bancorp by 30.7% in the 3rd quarter. HighTower Advisors LLC now owns 36,425 shares of the company’s stock valued at $373,000 after buying an additional 8,556 shares in the last quarter. Institutional investors and hedge funds own 56.52% of the company’s stock.

Blue Foundry Bancorp Stock Performance

Shares of Blue Foundry Bancorp stock opened at $9.41 on Tuesday. The firm has a market cap of $214.55 million, a PE ratio of -16.80 and a beta of 0.63. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.03. Blue Foundry Bancorp has a 52 week low of $7.90 and a 52 week high of $11.48. The business’s fifty day simple moving average is $10.29 and its 200-day simple moving average is $10.33.

Blue Foundry Bancorp (NASDAQ:BLFY) last posted its earnings results on Wednesday, October 23rd. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.02). The company had revenue of $21.92 million during the quarter, compared to analyst estimates 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 previous year, the company earned ($0.06) EPS. Equities analysts forecast that Blue Foundry Bancorp will post -0.6 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lifted their target price on shares of 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.

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.