JPMorgan Chase & Co. Has $196,000 Stake in Blue Foundry Bancorp $BLFY

JPMorgan Chase & Co. trimmed its stake in Blue Foundry Bancorp (NASDAQ:BLFY) by 66.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,528 shares of the company’s stock after selling 42,307 shares during the period. JPMorgan Chase & Co. owned about 0.10% of Blue Foundry Bancorp worth $196,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GSA Capital Partners LLP acquired a new stake in Blue Foundry Bancorp in the third quarter valued at $457,000. Strs Ohio boosted its position in Blue Foundry Bancorp by 12.9% during the third quarter. Strs Ohio now owns 60,200 shares of the company’s stock valued at $547,000 after acquiring an additional 6,900 shares during the last quarter. Versant Capital Management Inc boosted its position in Blue Foundry Bancorp by 181.2% during the third quarter. Versant Capital Management Inc now owns 3,074 shares of the company’s stock valued at $28,000 after acquiring an additional 1,981 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in Blue Foundry Bancorp during the third quarter valued at $159,000. Finally, Jane Street Group LLC boosted its position in Blue Foundry Bancorp by 147.6% during the first quarter. Jane Street Group LLC now owns 34,120 shares of the company’s stock valued at $314,000 after acquiring an additional 20,339 shares during the last quarter. 56.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Blue Foundry Bancorp in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Blue Foundry Bancorp Stock Performance

Shares of BLFY opened at $13.24 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $274.88 million, a P/E ratio of -28.78 and a beta of 0.55. The firm’s fifty day simple moving average is $13.37 and its two-hundred day simple moving average is $11.72. Blue Foundry Bancorp has a 12 month low of $7.61 and a 12 month high of $14.74.

Blue Foundry Bancorp Profile

Blue Foundry Bancorp, Inc (NASDAQ: BLFY) is a bank holding company headquartered in Paramus, New Jersey, serving the Greater New York metropolitan area. Through its wholly owned subsidiary, Blue Foundry Bank, the company offers a full suite of deposit products, including personal and business checking and savings accounts, certificates of deposit, and a robust online and mobile banking platform.

In addition to deposit accounts, Blue Foundry Bancorp provides a range of lending solutions designed for both individual and commercial clients.