SCHEDULE 13G/A: Vanguard Group Updates Stake in Blue Foundry Bancorp, Disclosing 4.62% Beneficial Ownership

The Vanguard Group has filed an amended Schedule 13G, disclosing its beneficial ownership of 4.62% of Blue Foundry Bancorp's common stock as of December 31, 2024.

Summary

• The Vanguard Group filed an Amendment No. 1 to Schedule 13G concerning its beneficial ownership in Blue Foundry Bancorp.
• As of December 31, 2024, The Vanguard Group beneficially owned an aggregate of 1,053,816 shares of Blue Foundry Bancorp's common stock.
• This ownership represents 4.62% of the total class of Blue Foundry Bancorp's common stock.
• The Vanguard Group holds sole dispositive power over 1,036,378 shares and shared dispositive power over 17,438 shares.
• The firm has shared voting power over 8,793 shares and no sole voting power.
• The filing certifies that 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 routine regulatory filing disclosing beneficial ownership, providing factual data without expressing positive or negative sentiment regarding the issuer's performance or outlook.

Positives

• The continued significant ownership by a major institutional investor like The Vanguard Group may indicate ongoing confidence in Blue Foundry Bancorp's long-term prospects.

Future Outlook

NA

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides transparency regarding a major institutional investor's stake, potentially influencing investor sentiment and confidence.

Key Dates

Keywords

Blue Foundry Bancorp, Vanguard Group, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Investor