JPMorgan Chase & Co. Purchases 44,505 Shares of Blue Foundry Bancorp (NASDAQ:BLFY)

JPMorgan Chase & Co. grew its holdings in shares of Blue Foundry Bancorp (NASDAQ:BLFY - Free Report) by 173.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 70,185 shares of the company's stock after acquiring an additional 44,505 shares during the quarter. JPMorgan Chase & Co. owned about 0.31% of Blue Foundry Bancorp worth $719,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of BLFY. FMR LLC grew its position in Blue Foundry Bancorp by 72.3% in the third quarter. FMR LLC now owns 6,482 shares of the company's stock worth $66,000 after buying an additional 2,720 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Blue Foundry Bancorp during the 3rd quarter worth $71,000. PDT Partners LLC acquired a new position in shares of Blue Foundry Bancorp in the 3rd quarter worth $129,000. International Assets Investment Management LLC acquired a new stake in shares of Blue Foundry Bancorp during the third quarter worth $2,000,000. Finally, Kovitz Investment Group Partners LLC purchased a new stake in shares of Blue Foundry Bancorp during the third quarter valued at $210,000. Institutional investors own 56.52% of the company's stock.

Blue Foundry Bancorp Stock Up 3.8 %

Shares of BLFY traded up $0.36 during mid-day trading on Monday, hitting $9.95. 54,790 shares of the company's stock were exchanged, compared to its average volume of 51,606. The stock has a market cap of $226.82 million, a price-to-earnings ratio of -17.77 and a beta of 0.63. The firm has a fifty day moving average of $10.14 and a two-hundred day moving average of $10.34. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.03. Blue Foundry Bancorp has a twelve month low of $7.90 and a twelve month high of $11.48.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods boosted their price target on shares of Blue Foundry Bancorp from $9.75 to $11.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th.

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.