MetLife Investment Management LLC Sells 2,335 Shares of Blue Foundry Bancorp (NASDAQ:BLFY)

MetLife Investment Management LLC lowered its stake in Blue Foundry Bancorp (NASDAQ:BLFY) by 14.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,374 shares of the company’s stock after selling 2,335 shares during the quarter. MetLife Investment Management LLC owned about 0.06% of Blue Foundry Bancorp worth $137,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BLFY. FMR LLC grew its holdings in shares of Blue Foundry Bancorp by 72.3% during 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 in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Blue Foundry Bancorp by 6.7% in the second quarter. Renaissance Technologies LLC now owns 47,700 shares of the company’s stock valued at $433,000 after purchasing an additional 3,000 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Blue Foundry Bancorp by 14.2% during the second quarter. Bank of New York Mellon Corp now owns 74,637 shares of the company’s stock worth $677,000 after purchasing an additional 9,303 shares during the last quarter. Essex Financial Services Inc. grew its position in Blue Foundry Bancorp by 2.8% in the second quarter. Essex Financial Services Inc. now owns 631,662 shares of the company’s stock valued at $5,729,000 after purchasing an additional 17,069 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Blue Foundry Bancorp during the 3rd quarter worth about $2,000,000. Institutional investors own 56.52% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Blue Foundry Bancorp Stock Down 2.5 %

Blue Foundry Bancorp stock opened at $10.59 on Tuesday. Blue Foundry Bancorp has a fifty-two week low of $7.90 and a fifty-two week high of $11.48. The firm has a market capitalization of $241.45 million, a PE ratio of -18.91 and a beta of 0.59. The company’s 50-day moving average is $10.50 and its 200-day moving average is $10.15. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.23 and a quick ratio of 1.23.

Blue Foundry Bancorp (NASDAQ:BLFY) last posted its quarterly 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). Blue Foundry Bancorp had a negative net margin of 14.14% and a negative return on equity of 3.50%. The business had revenue of $21.92 million during the quarter, compared to the consensus estimate of $10.26 million. During the same quarter last year, the company posted ($0.06) EPS. Sell-side analysts anticipate that Blue Foundry Bancorp will post -0.6 earnings per share for the current year.

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.