T. Rowe Price Investment Management Inc. Purchases 143,375 Shares of Blue Foundry Bancorp (NASDAQ:BLFY)

T. Rowe Price Investment Management Inc. raised its position in Blue Foundry Bancorp (NASDAQ:BLFY) by 5.3% in the 4th quarter, Holdings Channel reports. The firm owned 2,846,896 shares of the company’s stock after buying an additional 143,375 shares during the period. T. Rowe Price Investment Management Inc. owned 0.12% of Blue Foundry Bancorp worth $27,929,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of Blue Foundry Bancorp by 63.5% in the 4th quarter. JPMorgan Chase & Co. now owns 114,782 shares of the company’s stock valued at $1,126,000 after buying an additional 44,597 shares during the period. Essex Financial Services Inc. increased its holdings in shares of Blue Foundry Bancorp by 5.4% in the fourth quarter. Essex Financial Services Inc. now owns 654,231 shares of the company’s stock worth $6,418,000 after acquiring an additional 33,759 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Blue Foundry Bancorp by 12,513.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 29,389 shares of the company’s stock worth $288,000 after purchasing an additional 29,156 shares during the period. Barclays PLC lifted its holdings in shares of Blue Foundry Bancorp by 339.3% during the 3rd quarter. Barclays PLC now owns 29,321 shares of the company’s stock valued at $301,000 after purchasing an additional 22,647 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position 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 purchasing an additional 21,716 shares during the period. 56.52% of the stock is currently owned by institutional investors and hedge funds.

Blue Foundry Bancorp Stock Performance

BLFY opened at $9.25 on Friday. The company has a market capitalization of $204.40 million, a price-to-earnings ratio of -16.52 and a beta of 0.64. The business’s 50-day moving average price is $9.25 and its two-hundred day moving average price is $9.85. Blue Foundry Bancorp has a 1 year low of $8.30 and a 1 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) last announced its earnings results on Wednesday, January 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.04. Blue Foundry Bancorp had a negative return on equity of 3.45% and a negative net margin of 13.65%. Equities analysts expect that Blue Foundry Bancorp will post -0.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods dropped their target price on shares of Blue Foundry Bancorp from $11.00 to $10.00 and set a “market perform” rating on the stock in a report on Thursday, January 30th.

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.