Nuveen LLC Makes New Investment in Blue Foundry Bancorp $BLFY

Key Points

• Nuveen LLC has acquired 347,636 shares of Blue Foundry Bancorp, valued at approximately $3.2 million, increasing its ownership to about 1.57% of the company.
• Other institutional investors, like PNC Financial Services Group, have also increased their stakes in Blue Foundry Bancorp, indicating growing institutional interest in the company.
• Blue Foundry Bancorp reported a quarterly earnings per share (EPS) of ($0.10), beating estimates, but still faces challenges with a negative return on equity of 3.45%.

Nuveen LLC bought a new stake in Blue Foundry Bancorp (NASDAQ:BLFY - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 347,636 shares of the company's stock, valued at approximately $3,198,000. Nuveen LLC owned 1.57% of Blue Foundry Bancorp as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Blue Foundry Bancorp by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 936,971 shares of the company's stock valued at $9,192,000 after buying an additional 21,716 shares during the period. Northern Trust Corp increased its stake in shares of Blue Foundry Bancorp by 4.9% in the 4th quarter. Northern Trust Corp now owns 183,616 shares of the company's stock valued at $1,801,000 after buying an additional 8,644 shares during the period. D. E. Shaw & Co. Inc. increased its stake in shares of Blue Foundry Bancorp by 26.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 49,202 shares of the company's stock valued at $483,000 after buying an additional 10,271 shares during the period. Squarepoint Ops LLC boosted its position in shares of Blue Foundry Bancorp by 6.2% in the 4th quarter. Squarepoint Ops LLC now owns 38,746 shares of the company's stock worth $380,000 after purchasing an additional 2,249 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Blue Foundry Bancorp by 32.5% in the 4th quarter. Bank of America Corp DE now owns 27,229 shares of the company's stock worth $267,000 after purchasing an additional 6,673 shares during the last quarter. 56.52% of the stock is owned by institutional investors and hedge funds.

Blue Foundry Bancorp Trading Up 0.2%

Shares of NASDAQ:BLFY traded up $0.02 during midday trading on Tuesday, hitting $9.31. The company had a trading volume of 7,867 shares, compared to its average volume of 51,504. Blue Foundry Bancorp has a 12 month low of $8.23 and a 12 month high of $11.38. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.07. The stock has a market cap of $200.13 million, a price-to-earnings ratio of -16.93 and a beta of 0.61. The firm has a fifty day simple moving average of $9.17 and a 200 day simple moving average of $9.27.

Blue Foundry Bancorp (NASDAQ:BLFY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.01. Blue Foundry Bancorp had a negative return on equity of 3.45% and a negative net margin of 12.49%.The business had revenue of $12.05 million for the quarter, compared to analyst estimates of $11.80 million. On average, analysts predict that Blue Foundry Bancorp will post -0.47 EPS for the current year.

Insider Activity

In other Blue Foundry Bancorp news, Director Mirella Lang sold 4,520 shares of Blue Foundry Bancorp stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $8.75, for a total transaction of $39,550.00. Following the transaction, the director directly owned 44,028 shares in the company, valued at approximately $385,245. The trade was a 9.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.98% of the stock is owned by corporate insiders.

About Blue Foundry Bancorp

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.