Strs Ohio Buys New Shares in Blue Foundry Bancorp $BLFY

Key Points

• Strs Ohio acquired a **51,800 shares** stake in Blue Foundry Bancorp, valued at approximately **$477,000**, representing about **0.24%** ownership at the end of the first quarter.
• Various institutional investors have increased their positions in Blue Foundry Bancorp, with T. Rowe Price raising its holdings by **2.1%** to almost **2.91 million shares** worth **$26.73 million**.
• Blue Foundry Bancorp reported earnings of **($0.10)** per share for the last quarter, beating estimates, along with a **12.49% negative net margin** and a revenue of **$12.05 million**.

Strs Ohio bought a new position in Blue Foundry Bancorp (NASDAQ:BLFY - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 51,800 shares of the company's stock, valued at approximately $477,000. Strs Ohio owned approximately 0.24% of Blue Foundry Bancorp as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new stake in Blue Foundry Bancorp in the fourth quarter worth approximately $27,000. PNC Financial Services Group Inc. lifted its stake in shares of Blue Foundry Bancorp by 56.4% in the first quarter. PNC Financial Services Group Inc. now owns 7,088 shares of the company's stock worth $65,000 after buying an additional 2,557 shares during the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Blue Foundry Bancorp in the fourth quarter worth $108,000. Two Sigma Advisers LP lifted its stake in shares of Blue Foundry Bancorp by 16.8% in the fourth quarter. Two Sigma Advisers LP now owns 12,500 shares of the company's stock worth $123,000 after buying an additional 1,800 shares during the last quarter. Finally, PDT Partners LLC lifted its stake in shares of Blue Foundry Bancorp by 18.9% in the first quarter. PDT Partners LLC now owns 14,959 shares of the company's stock worth $138,000 after buying an additional 2,380 shares during the last quarter. 56.52% of the stock is owned by institutional investors.

Blue Foundry Bancorp Price Performance

Shares of Blue Foundry Bancorp stock traded up $0.36 on Monday, reaching $9.48. The stock had a trading volume of 60,825 shares, compared to its average volume of 47,832. The business's 50-day moving average price is $9.09 and its two-hundred day moving average price is $9.23. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.21 and a quick ratio of 1.21. Blue Foundry Bancorp has a fifty-two week low of $8.23 and a fifty-two week high of $11.38.

Blue Foundry Bancorp (NASDAQ:BLFY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported ($0.10) earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.01. Blue Foundry Bancorp had a negative net margin of 12.49% and a negative return on equity of 3.45%. The business had revenue of $12.05 million during the quarter, compared to analysts' expectations of $11.80 million. Sell-side analysts forecast that Blue Foundry Bancorp will post -0.47 earnings per share 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.