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

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

A number of other large investors have also recently modified their holdings of the business. FMR LLC raised 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 in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Blue Foundry Bancorp during the 3rd quarter valued at $71,000. PDT Partners LLC bought a new stake in shares of Blue Foundry Bancorp during the 3rd quarter worth $129,000. International Assets Investment Management LLC purchased a new position in Blue Foundry Bancorp in the third quarter worth $2,000,000. Finally, Kovitz Investment Group Partners LLC bought a new position in Blue Foundry Bancorp in the third quarter valued at $210,000. Institutional investors own 56.52% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Blue Foundry Bancorp Stock Down 1.7 %

Shares of NASDAQ BLFY opened at $9.38 on Thursday. The stock has a market capitalization of $213.86 million, a P/E ratio of -16.75 and a beta of 0.63. Blue Foundry Bancorp has a one year low of $7.90 and a one year high of $11.48. The firm’s 50 day simple moving average is $10.22 and its two-hundred day simple moving average is $10.33. 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 (NASDAQ:BLFY) last issued 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). Blue Foundry Bancorp had a negative return on equity of 3.50% and a negative net margin of 14.14%. 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 previous year, the business earned ($0.06) EPS. As a group, analysts expect that Blue Foundry Bancorp will post -0.6 EPS for the current fiscal year.

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.