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

Barclays PLC increased its stake in Blue Foundry Bancorp (NASDAQ:BLFYFree Report) by 339.3% in the third quarter, HoldingsChannel reports. The fund owned 29,321 shares of the company’s stock after purchasing an additional 22,647 shares during the period. Barclays PLC’s holdings in Blue Foundry Bancorp were worth $301,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of BLFY. Dimensional Fund Advisors LP lifted its stake in shares of Blue Foundry Bancorp by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 856,285 shares of the company’s stock valued at $7,766,000 after acquiring an additional 61,335 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Blue Foundry Bancorp in the 2nd quarter valued at about $225,000. Kovitz Investment Group Partners LLC bought a new stake in shares of Blue Foundry Bancorp in the 3rd quarter valued at about $210,000. International Assets Investment Management LLC bought a new stake in shares of Blue Foundry Bancorp in the third quarter worth about $2,000,000. Finally, PDT Partners LLC purchased a new position in Blue Foundry Bancorp during the 3rd quarter valued at about $129,000. Institutional investors own 56.52% of the company’s stock.

Wall Street Analyst Weigh In

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

Get Our Latest Research Report on Blue Foundry Bancorp

Blue Foundry Bancorp Trading Down 1.3 %

BLFY opened at $9.36 on Monday. The business has a 50 day simple moving average of $10.54 and a two-hundred day simple moving average of $10.30. The firm has a market capitalization of $213.37 million, a price-to-earnings ratio of -16.71 and a beta of 0.60. 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:BLFYGet Free Report) last released its quarterly 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 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 previous year, the company earned ($0.06) EPS. Analysts predict that Blue Foundry Bancorp will post -0.6 EPS for the current year.

About Blue Foundry Bancorp

(Free Report)

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.

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Institutional Ownership by Quarter for Blue Foundry Bancorp (NASDAQ:BLFY)

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