MassMutual Private Wealth & Trust FSB Buys 29,156 Shares of Blue Foundry Bancorp (NASDAQ:BLFY)

MassMutual Private Wealth & Trust FSB boosted its position in Blue Foundry Bancorp (NASDAQ:BLFY - Free Report) by 12,513.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,389 shares of the company's stock after buying an additional 29,156 shares during the quarter. MassMutual Private Wealth & Trust FSB owned approximately 0.13% of Blue Foundry Bancorp worth $288,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of BLFY. FMR LLC increased its position in shares of Blue Foundry Bancorp by 72.3% during the 3rd quarter. FMR LLC now owns 6,482 shares of the company's stock worth $66,000 after purchasing an additional 2,720 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Blue Foundry Bancorp during the 3rd quarter worth approximately $71,000. PDT Partners LLC acquired a new position in shares of Blue Foundry Bancorp during the 3rd quarter worth approximately $129,000. International Assets Investment Management LLC acquired a new position in shares of Blue Foundry Bancorp during the 3rd quarter worth approximately $2,000,000. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of Blue Foundry Bancorp during the 3rd quarter worth approximately $210,000. Institutional investors and hedge funds own 56.52% of the company's stock.

Analyst Ratings Changes

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

Blue Foundry Bancorp Stock Performance

Shares of BLFY stock traded up $0.29 during trading on Thursday, reaching $9.67. 61,213 shares of the company's stock were exchanged, compared to its average volume of 51,229. 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 $220.48 million, a PE ratio of -17.27 and a beta of 0.63. Blue Foundry Bancorp has a twelve month low of $7.90 and a twelve month high of $11.48. The firm's fifty day moving average price is $10.19 and its 200-day moving average price is $10.32.

Blue Foundry Bancorp (NASDAQ:BLFY - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.02). The business had revenue of $21.92 million for the quarter, compared to analyst estimates of $10.26 million. Blue Foundry Bancorp had a negative return on equity of 3.50% and a negative net margin of 14.14%. During the same period in the previous year, the firm posted ($0.06) earnings per share. As a group, sell-side analysts anticipate that Blue Foundry Bancorp will post -0.6 EPS for the current year.

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.