MassMutual Private Wealth & Trust FSB Boosts Stock Position in Blue Foundry Bancorp (NASDAQ:BLFY)

MassMutual Private Wealth & Trust FSB grew its holdings in shares of Blue Foundry Bancorp (NASDAQ:BLFY) by 12,513.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,389 shares of the company’s stock after purchasing an additional 29,156 shares during the quarter. MassMutual Private Wealth & Trust FSB owned approximately 0.13% of Blue Foundry Bancorp worth $288,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its holdings in Blue Foundry Bancorp by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 856,285 shares of the company’s stock worth $7,766,000 after buying an additional 61,335 shares during the last quarter. Renaissance Technologies LLC increased its stake 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 purchasing an additional 3,000 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Blue Foundry Bancorp during the 2nd quarter worth approximately $225,000. International Assets Investment Management LLC bought a new stake in shares of Blue Foundry Bancorp in the 3rd quarter worth approximately $2,000,000. Finally, FMR LLC lifted its stake in 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 purchasing an additional 2,720 shares during the last quarter. 56.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Blue Foundry Bancorp Price Performance

BLFY opened at $9.38 on Thursday. The firm has a 50-day moving average price of $10.22 and a 200-day moving average price of $10.33. Blue Foundry Bancorp has a twelve month low of $7.90 and a twelve month high of $11.48. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $213.86 million, a price-to-earnings ratio of -16.75 and a beta of 0.63.

Blue Foundry Bancorp (NASDAQ:BLFY) last released its quarterly earnings data 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 business had revenue of $21.92 million during the quarter, compared to analysts’ expectations of $10.26 million. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. Equities analysts expect that Blue Foundry Bancorp will post -0.6 EPS for the current 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.