BlackRock Amends Blue Foundry Bancorp Stake (SC 13G/A)
Ticker: BLFY · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1846017
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its Blue Foundry Bancorp holdings, signaling continued institutional interest.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, disclosing its ownership in Blue Foundry Bancorp as of December 31, 2023. This filing, Amendment No. 2, indicates BlackRock's continued significant, but passive, stake in Blue Foundry Bancorp's Common Stock. This matters to investors because BlackRock is a major institutional investor, and their holdings can signal confidence or a shift in sentiment, even if their percentage ownership isn't explicitly stated in this snippet.
Why It Matters
BlackRock's updated filing shows their ongoing interest in Blue Foundry Bancorp, which can influence market perception and investor confidence in the stock.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
An investor should note BlackRock's continued presence as a significant, passive shareholder in Blue Foundry Bancorp, but this filing alone doesn't suggest an immediate buy or sell action. It's a routine update confirming institutional interest.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Blue Foundry Bancorp (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
- 09549B104 (other) — the CUSIP number for Blue Foundry Bancorp's Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 2)'.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' and '(1)Names of reporting persons. BlackRock, Inc.'.
What is the subject company whose securities are being reported?
The subject company is Blue Foundry Bancorp, as identified by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Blue Foundry Bancorp' and '(Name of Issuer) Blue Foundry Bancorp'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified by 'December 31, 2023 (Date of Event Which Requires Filing of this Statement)'.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), indicated by '[X] Rule 13d-1(b)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding Blue Foundry Bancorp (BLFY).