BLFY.Blue Foundry Bancorp

SCHEDULE 13G/A: T. Rowe Price Investment Management Discloses 13.2% Stake in Blue Foundry Bancorp

Sentiment:

Beneficial Ownership Report

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T. Rowe Price Investment Management, Inc. has reported a significant beneficial ownership stake of 13.2% in Blue Foundry Bancorp, holding 2,905,977 shares of common stock as of March 31, 2025.

Summary

  • T. Rowe Price Investment Management, Inc., an investment adviser based in Maryland, filed an Amendment No. 4 to Schedule 13G.
  • The filing discloses their beneficial ownership in Blue Foundry Bancorp (CUSIP: 09549B104), a company with principal executive offices in Rutherford, NJ.
  • As of March 31, 2025, T. Rowe Price Investment Management, Inc. beneficially owned 2,905,977 shares of Blue Foundry Bancorp's common stock.
  • This ownership represents 13.2% of the class of securities.
  • The reporting person holds sole voting power and sole dispositive power over all 2,905,977 shares.
  • The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that directly indicates positive or negative sentiment regarding the issuer's performance or outlook. It simply reports a significant stake by a major investment firm.

Future Outlook

NA

Industry Context

This filing is a standard disclosure by a large institutional investor, T. Rowe Price Investment Management, Inc., indicating a significant passive stake in a financial institution, Blue Foundry Bancorp. Such disclosures are common in the investment management industry, reflecting portfolio allocation decisions rather than specific strategic moves related to the issuer's operations.

Stakeholder Impact

  • Shareholders: Disclosure of a significant institutional investor's stake provides transparency regarding the ownership structure and can be viewed as a vote of confidence by a major firm, though the filing explicitly states the stake is not for control purposes.

Key Dates

DateDescription
03/31/2025Date of event which requires filing of this statement (beneficial ownership calculation date).
05/14/2025Date the Schedule 13G Amendment No. 4 was signed by T. Rowe Price Investment Management, Inc.

Keywords

Blue Foundry Bancorp, T. Rowe Price Investment Management, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, SEC Filing, Institutional Ownership

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