JPMorgan Chase & Co. Raises Holdings in Blue Foundry Bancorp (NASDAQ:BLFY)

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

Several other institutional investors and hedge funds have also made changes to their positions in the company. Essex Financial Services Inc. increased its holdings in shares of Blue Foundry Bancorp by 5.4% in the 4th quarter. Essex Financial Services Inc. now owns 654,231 shares of the company's stock valued at $6,418,000 after acquiring an additional 33,759 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in Blue Foundry Bancorp by 12,513.3% during the 4th 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 grew its position in Blue Foundry Bancorp by 339.3% during the 3rd 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 last quarter. Proficio Capital Partners LLC acquired a new position in Blue Foundry Bancorp in the fourth quarter valued at $176,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Blue Foundry Bancorp in the third quarter valued at about $71,000. 56.52% of the stock is owned by hedge funds and other institutional investors.

Blue Foundry Bancorp Trading Down 0.3 %

NASDAQ:BLFY opened at $9.25 on Monday. Blue Foundry Bancorp has a 12-month low of $8.30 and a 12-month high of $11.48. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.03. The stock's 50 day simple moving average is $9.25 and its 200-day simple moving average is $9.85. The firm has a market cap of $204.40 million, a P/E ratio of -16.52 and a beta of 0.64.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lowered their price target on 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.

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.

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