Blue Foundry Bancorp (NASDAQ:BLFY – Free Report) had its price objective cut by Keefe, Bruyette & Woods from $9.00 to $8.00 in a report issued on Thursday morning, Benzinga reports. They currently have a market perform rating on the stock.
Separately, Piper Sandler boosted their price target on Blue Foundry Bancorp from $10.00 to $11.00 and gave the company a neutral rating in a research note on Thursday, January 25th.
View Our Latest Analysis on BLFY
Blue Foundry Bancorp Trading Up 2.9 %
Blue Foundry Bancorp (NASDAQ:BLFY – Get Free Report) last released its quarterly earnings results on Wednesday, January 24th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.01. The business had revenue of $20.91 million during the quarter, compared to the consensus estimate of $9.66 million. Blue Foundry Bancorp had a negative return on equity of 2.50% and a negative net margin of 10.89%. During the same period in the previous year, the company posted $0.02 EPS. Analysts predict that Blue Foundry Bancorp will post -0.77 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Essex Financial Services Inc. lifted its position in shares of Blue Foundry Bancorp by 3.8% during the 1st quarter. Essex Financial Services Inc. now owns 614,593 shares of the company’s stock valued at $5,753,000 after buying an additional 22,499 shares in the last quarter. Strs Ohio lifted its position in shares of Blue Foundry Bancorp by 13.6% during the 3rd quarter. Strs Ohio now owns 60,300 shares of the company’s stock valued at $504,000 after buying an additional 7,200 shares in the last quarter. Park Avenue Securities LLC purchased a new position in shares of Blue Foundry Bancorp during the 1st quarter valued at about $505,000. Wittenberg Investment Management Inc. lifted its position in shares of Blue Foundry Bancorp by 53.6% during the 4th quarter. Wittenberg Investment Management Inc. now owns 34,404 shares of the company’s stock valued at $333,000 after buying an additional 12,000 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Blue Foundry Bancorp during the 4th quarter valued at about $2,000,000. 56.52% of the stock is owned by hedge funds and other institutional investors.
About Blue Foundry Bancorp
Blue Foundry Bancorp operates as a bank holding company for Blue Foundry Bank, a savings bank that offers various banking products and services for individuals and businesses in the United States. The company offers saving, time, and non-interest bearing deposits; demand accounts; and loans, such as one-to-four family residential property, multi-family, residential real estate, non-residential real estate, consumer, construction, and commercial and industrial loans, as well as junior liens and home equity lines of credit.
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