JPMorgan Chase & Co. Sells 42,307 Shares of Blue Foundry Bancorp $BLFY

JPMorgan Chase & Co. lessened its stake in shares of Blue Foundry Bancorp (NASDAQ:BLFY) by 66.3% during the third quarter, Holdings Channel.com reports. The firm owned 21,528 shares of the company’s stock after selling 42,307 shares during the period. JPMorgan Chase & Co.’s holdings in Blue Foundry Bancorp were worth $196,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc boosted its position in shares of Blue Foundry Bancorp by 181.2% during the 3rd quarter. Versant Capital Management Inc now owns 3,074 shares of the company’s stock worth $28,000 after purchasing an additional 1,981 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Blue Foundry Bancorp by 72.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,066 shares of the company’s stock worth $37,000 after purchasing an additional 1,713 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Blue Foundry Bancorp by 257.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,156 shares of the company’s stock worth $49,000 after purchasing an additional 3,715 shares in the last quarter. Sei Investments Co. bought a new position in shares of Blue Foundry Bancorp during the 2nd quarter worth about $96,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Blue Foundry Bancorp by 16.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 11,452 shares of the company’s stock worth $104,000 after purchasing an additional 1,628 shares in the last quarter. Institutional investors own 56.52% of the company’s stock.

Blue Foundry Bancorp Price Performance

Shares of NASDAQ BLFY opened at $13.24 on Friday. Blue Foundry Bancorp has a fifty-two week low of $7.61 and a fifty-two week high of $14.74. The stock has a market cap of $274.88 million, a price-to-earnings ratio of -28.78 and a beta of 0.55. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.17 and a current ratio of 1.17. The firm’s 50-day simple moving average is $13.37 and its 200 day simple moving average is $11.72.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Blue Foundry Bancorp in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Blue Foundry Bancorp currently has an average rating of “Sell”.

Blue Foundry Bancorp Company Profile

Blue Foundry Bancorp, Inc (NASDAQ: BLFY) is a bank holding company headquartered in Paramus, New Jersey, serving the Greater New York metropolitan area. Through its wholly owned subsidiary, Blue Foundry Bank, the company offers a full suite of deposit products, including personal and business checking and savings accounts, certificates of deposit, and a robust online and mobile banking platform.

In addition to deposit accounts, Blue Foundry Bancorp provides a range of lending solutions designed for both individual and commercial clients.