CIBC Private Wealth Group LLC Buys New Position in Blue Foundry Bancorp (NASDAQ:BLFY)

CIBC Private Wealth Group LLC purchased a new position in shares of Blue Foundry Bancorp (NASDAQ:BLFY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,395 shares of the company’s stock, valued at approximately $170,000. CIBC Private Wealth Group LLC owned 0.08% of Blue Foundry Bancorp at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in Blue Foundry Bancorp by 63.5% during the 4th quarter. JPMorgan Chase & Co. now owns 114,782 shares of the company’s stock worth $1,126,000 after buying an additional 44,597 shares during the period. Essex Financial Services Inc. increased its position in shares of Blue Foundry Bancorp by 5.4% during 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 during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Blue Foundry Bancorp by 12,513.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 29,389 shares of the company’s stock valued at $288,000 after acquiring an additional 29,156 shares in the last quarter. Barclays PLC boosted its holdings in Blue Foundry Bancorp by 339.3% in the third quarter. Barclays PLC now owns 29,321 shares of the company’s stock valued at $301,000 after purchasing an additional 22,647 shares during the period. Finally, Kovitz Investment Group Partners LLC acquired a new position in Blue Foundry Bancorp during the 3rd quarter worth $210,000. Institutional investors and hedge funds own 56.52% of the company’s stock.

Blue Foundry Bancorp Trading Up 0.7 %

NASDAQ BLFY opened at $8.87 on Monday. Blue Foundry Bancorp has a 52 week low of $7.90 and a 52 week high of $11.48. The firm has a 50 day moving average of $9.59 and a two-hundred day moving average of $10.00. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $196.00 million, a PE ratio of -15.84 and a beta of 0.64.

Blue Foundry Bancorp (NASDAQ:BLFY) last issued its earnings results on Wednesday, January 29th. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.04. Blue Foundry Bancorp had a negative net margin of 13.65% and a negative return on equity of 3.45%. As a group, research analysts expect that Blue Foundry Bancorp will post -0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.