Jane Street Group LLC Sells 5,458 Shares of Blue Foundry Bancorp (NASDAQ:BLFY)

Jane Street Group LLC reduced its stake in Blue Foundry Bancorp (NASDAQ:BLFY) by 15.7% during the third quarter, according to its most recent filing with the SEC. The fund owned 29,314 shares of the company’s stock after selling 5,458 shares during the quarter. Jane Street Group LLC owned 0.13% of Blue Foundry Bancorp worth $300,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC purchased a new stake in shares of Blue Foundry Bancorp during the 3rd quarter worth approximately $210,000. State Street Corp boosted its position in Blue Foundry Bancorp by 0.7% during the third quarter. State Street Corp now owns 479,365 shares of the company’s stock worth $4,913,000 after purchasing an additional 3,272 shares during the period. HighTower Advisors LLC increased its stake in shares of Blue Foundry Bancorp by 30.7% in the third quarter. HighTower Advisors LLC now owns 36,425 shares of the company’s stock worth $373,000 after purchasing an additional 8,556 shares in the last quarter. PDT Partners LLC bought a new stake in shares of Blue Foundry Bancorp in the third quarter valued at approximately $129,000. Finally, FMR LLC lifted its stake in shares of Blue Foundry Bancorp by 72.3% during the 3rd 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. 56.52% of the stock is currently owned by hedge funds and other institutional investors.

Blue Foundry Bancorp Stock Up 2.1 %

Shares of NASDAQ:BLFY opened at $9.25 on Friday. The firm has a fifty day moving average price of $10.48 and a two-hundred day moving average price of $10.29. The company has a market cap of $210.86 million, a price-to-earnings ratio of -16.52 and a beta of 0.63. 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 has a one year low of $7.90 and a one year high of $11.48.

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

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods boosted their target price on shares of Blue Foundry Bancorp from $9.75 to $11.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

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.