Jane Street Group LLC Sells 5,458 Shares of Blue Foundry Bancorp (NASDAQ:BLFY)

Jane Street Group LLC reduced its stake in shares of Blue Foundry Bancorp (NASDAQ:BLFY) by 15.7% during the third quarter, Holdings Channel reports. The firm owned 29,314 shares of the company’s stock after selling 5,458 shares during the quarter. Jane Street Group LLC’s holdings in Blue Foundry Bancorp were worth $300,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its position in shares of Blue Foundry Bancorp by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 856,285 shares of the company’s stock worth $7,766,000 after buying an additional 61,335 shares during the period. Squarepoint Ops LLC purchased a new stake in Blue Foundry Bancorp in the second quarter worth about $225,000. Kovitz Investment Group Partners LLC bought a new position in shares of Blue Foundry Bancorp during the third quarter valued at approximately $210,000. International Assets Investment Management LLC purchased a new position in shares of Blue Foundry Bancorp during the third quarter valued at approximately $2,000,000. Finally, PDT Partners LLC purchased a new position in shares of Blue Foundry Bancorp during the third quarter valued at approximately $129,000. 56.52% of the stock is owned by hedge funds and other institutional investors.

Blue Foundry Bancorp Trading Up 2.1 %

Shares of Blue Foundry Bancorp stock opened at $9.25 on Friday. Blue Foundry Bancorp has a 1-year low of $7.90 and a 1-year high of $11.48. The company’s fifty day simple moving average is $10.48 and its 200-day simple moving average is $10.29. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market capitalization of $210.86 million, a PE ratio of -16.52 and a beta of 0.63.

Blue Foundry Bancorp (NASDAQ:BLFY) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.19) earnings per share (EPS) 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 company had revenue of $21.92 million for the quarter, compared to analysts’ expectations of $10.26 million. During the same period last year, the business earned ($0.06) earnings per share. As a group, equities analysts anticipate that Blue Foundry Bancorp will post -0.6 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods upped their price objective 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.

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.