SCHEDULE: First Trust Discloses 5.25% Stake in Blue Foundry Bancorp

First Trust Capital Management L.P., along with affiliated entities, has reported beneficial ownership of 1,004,006 shares, representing 5.25% of the outstanding common stock of Blue Foundry Bancorp.

Summary

• First Trust Capital Management L.P. (FTCM), acting as an investment adviser for various client accounts, has reported a significant ownership stake in Blue Foundry Bancorp.
• FTCM, along with its control persons First Trust Capital Solutions L.P. (FTCS) and FTCS Sub GP LLC (Sub GP), collectively beneficially own 1,004,006 shares of Blue Foundry Bancorp's common stock.
• This ownership stake represents 5.25% of the total outstanding common stock.
• The filing indicates that FTCS and Sub GP may be deemed beneficial owners due to their control over FTCM.
• FTCS and Sub GP do not own any shares for their own accounts.
• The filing was made on May 15, 2026, with the event date being March 31, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine disclosure of ownership and does not provide new operational or financial information about the company itself.

Positives

• First Trust Capital Management L.P. has acquired a substantial 5.25% stake in Blue Foundry Bancorp, indicating confidence in the company's value or future prospects.
• The reporting entities have sole voting and dispositive power over the 1,004,006 shares, allowing for decisive action regarding these holdings.

Negatives

• The filing does not contain any negative financial results or operational challenges for Blue Foundry Bancorp.
• There are no indications of any adverse events or performance issues related to the company itself within this filing.

Risks

• As an investment adviser, FTCM's investment decisions are subject to market fluctuations and the performance of the underlying client accounts.
• The concentration of 5.25% ownership by a single reporting group could be perceived as a risk by other shareholders if the group's investment strategy changes or if they decide to divest their holdings.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Blue Foundry Bancorp's future performance.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors accumulating significant stakes in publicly traded companies. This filing indicates a notable investment by First Trust Capital Management in the banking sector, specifically within Blue Foundry Bancorp.

Stakeholder Impact

• Shareholders: The acquisition of a significant stake by an institutional investor like First Trust Capital Management may be viewed positively, potentially signaling confidence and leading to increased market interest. However, it also means a larger portion of the company is held by a single entity, which could influence future corporate actions.
• Company Management: The increased institutional ownership may lead to closer scrutiny or engagement from First Trust Capital Management regarding company strategy and performance.
• Other Investors: The filing provides transparency on significant ownership, allowing other investors to assess the shareholder base.

Next Steps

• The reporting persons will continue to hold their shares in Blue Foundry Bancorp.
• Future amendments to this Schedule 13G will be filed if there are changes in beneficial ownership.

Key Dates

Keywords

Blue Foundry Bancorp, Schedule 13G, First Trust Capital Management, First Trust Capital Solutions, FTCS Sub GP LLC, Beneficial Ownership, Common Stock, SEC Filing, Investment Adviser, Ownership Stake