Renaissance Technologies LLC Increases Holdings in Blue Foundry Bancorp (NASDAQ:BLFY)

Renaissance Technologies LLC boosted its holdings in Blue Foundry Bancorp (NASDAQ:BLFY) by 6.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,700 shares of the company’s stock after purchasing an additional 3,000 shares during the quarter. Renaissance Technologies LLC owned approximately 0.20% of Blue Foundry Bancorp worth $433,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BLFY. Dimensional Fund Advisors LP increased its stake in Blue Foundry Bancorp by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 856,285 shares of the company’s stock worth $7,766,000 after acquiring an additional 61,335 shares during the last quarter. Essex Financial Services Inc. increased its position in Blue Foundry Bancorp by 2.8% in the second quarter. Essex Financial Services Inc. now owns 631,662 shares of the company’s stock worth $5,729,000 after purchasing an additional 17,069 shares during the last quarter. 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. EntryPoint Capital LLC purchased a new position in shares of Blue Foundry Bancorp in the 1st quarter worth $32,000. Finally, Round Hill Asset Management increased its holdings in shares of Blue Foundry Bancorp by 32.8% in the 1st quarter. Round Hill Asset Management now owns 21,234 shares of the company’s stock worth $199,000 after buying an additional 5,248 shares during the last quarter. 56.52% of the stock is owned by hedge funds and other institutional investors.

Blue Foundry Bancorp Trading Down 1.0 %

BLFY opened at $9.47 on Friday. Blue Foundry Bancorp has a 12 month low of $7.08 and a 12 month high of $11.48. The stock has a fifty day moving average price of $10.37 and a 200-day moving average price of $9.63. The firm has a market cap of $224.52 million, a price-to-earnings ratio of -23.68 and a beta of 0.54. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.99.

Blue Foundry Bancorp (NASDAQ:BLFY) last released its quarterly earnings results on Wednesday, July 24th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.08. Blue Foundry Bancorp had a negative net margin of 11.29% and a negative return on equity of 2.71%. The business had revenue of $21.83 million during the quarter, compared to analyst estimates of $9.67 million. During the same period in the prior year, the firm posted ($0.08) earnings per share. As a group, equities research analysts anticipate that Blue Foundry Bancorp will post -0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BLFY has been the topic of several analyst reports. Keefe, Bruyette & Woods boosted their target price on Blue Foundry Bancorp from $8.00 to $9.25 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Piper Sandler increased their target price on shares of Blue Foundry Bancorp from $9.50 to $12.00 and gave the company a “neutral” rating in a research note on Monday, July 29th.

Insiders Place Their Bets

In other Blue Foundry Bancorp news, Director Robert Thomas Goldstein sold 3,500 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $10.79, for a total value of $37,765.00. Following the completion of the transaction, the director now owns 39,283 shares of the company’s stock, valued at approximately $423,863.57. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.98% of the stock is owned by insiders.

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.