PDT Partners LLC Invests $129,000 in Blue Foundry Bancorp (NASDAQ:BLFY)

PDT Partners LLC acquired a new position in shares of Blue Foundry Bancorp (NASDAQ:BLFY) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 12,579 shares of the company’s stock, valued at approximately $129,000. PDT Partners LLC owned 0.05% of Blue Foundry Bancorp at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BLFY. Dimensional Fund Advisors LP lifted its stake in shares of Blue Foundry Bancorp by 7.7% during the second 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. Vanguard Group Inc. lifted its position in Blue Foundry Bancorp by 2.5% during the first quarter. Vanguard Group Inc. now owns 1,340,909 shares of the company’s stock valued at $12,551,000 after purchasing an additional 33,150 shares during the period. Squarepoint Ops LLC acquired a new position in Blue Foundry Bancorp during the second quarter valued at $225,000. International Assets Investment Management LLC acquired a new position in Blue Foundry Bancorp during the third quarter valued at $2,000,000. Finally, Essex Financial Services Inc. lifted its position in Blue Foundry Bancorp by 2.8% during 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 during the period. 56.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Blue Foundry Bancorp Trading Up 0.1 %

Shares of Blue Foundry Bancorp stock opened at $11.00 on Thursday. The firm has a 50-day simple moving average of $10.47 and a two-hundred day simple moving average of $10.12. The company has a market cap of $250.80 million, a P/E ratio of -19.71 and a beta of 0.60. Blue Foundry Bancorp has a fifty-two week low of $7.90 and a fifty-two week high of $11.48. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.23.

Blue Foundry Bancorp (NASDAQ:BLFY) last issued its quarterly earnings data 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 firm had revenue of $21.92 million during 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 quarter last year, the company posted ($0.06) EPS. As a group, equities analysts predict that Blue Foundry Bancorp will post -0.6 earnings per share for the current fiscal 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.