JPMorgan Chase & Co. Has $1.13 Million Stock Position in Blue Foundry Bancorp (NASDAQ:BLFY)

JPMorgan Chase & Co. lifted its stake in Blue Foundry Bancorp (NASDAQ:BLFY - Free Report) by 63.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 114,782 shares of the company's stock after acquiring an additional 44,597 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.50% of Blue Foundry Bancorp worth $1,126,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BLFY. R Squared Ltd acquired a new position in Blue Foundry Bancorp during the fourth quarter worth $34,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Blue Foundry Bancorp during the 3rd quarter worth about $71,000. Proficio Capital Partners LLC bought a new stake in shares of Blue Foundry Bancorp in the 4th quarter valued at about $176,000. MassMutual Private Wealth & Trust FSB lifted its stake in Blue Foundry Bancorp by 12,513.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 29,389 shares of the company's stock valued at $288,000 after purchasing an additional 29,156 shares during the last quarter. Finally, Barclays PLC grew its holdings in Blue Foundry Bancorp by 339.3% during the third quarter. Barclays PLC now owns 29,321 shares of the company's stock worth $301,000 after purchasing an additional 22,647 shares during the period. Institutional investors own 56.52% of the company's stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods dropped their price objective on Blue Foundry Bancorp from $11.00 to $10.00 and set a "market perform" rating on the stock in a research note on Thursday, January 30th.

Blue Foundry Bancorp Stock Performance

BLFY stock traded up $0.18 during midday trading on Friday, reaching $9.77. 9,482 shares of the company were exchanged, compared to its average volume of 51,387. The firm has a market capitalization of $215.89 million, a price-to-earnings ratio of -17.44 and a beta of 0.64. The business has a 50-day moving average price of $9.22 and a two-hundred day moving average price of $9.84. Blue Foundry Bancorp has a one year low of $8.30 and a one year high of $11.48. 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 - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.03. The business had revenue of $11.14 million during the quarter, compared to the consensus estimate of $10.29 million. Blue Foundry Bancorp had a negative net margin of 13.65% and a negative return on equity of 3.45%. Equities research analysts forecast that Blue Foundry Bancorp will post -0.47 EPS for the current 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.