Blue Foundry Bancorp (NASDAQ:BLFY) PT Raised to $9.25 at Keefe, Bruyette & Woods

Blue Foundry Bancorp (NASDAQ:BLFY) had its price target boosted by Keefe, Bruyette & Woods from $8.00 to $9.25 in a research report sent to investors on Thursday, Benzinga reports. They currently have a market perform rating on the stock.

Blue Foundry Bancorp Trading Up 1.2 %

BLFY stock opened at $11.40 on Thursday. The company has a market cap of $270.29 million, a P/E ratio of -28.50 and a beta of 0.54. Blue Foundry Bancorp has a twelve month low of $7.08 and a twelve month high of $11.48. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.98. The business has a fifty day moving average of $9.38 and a 200-day moving average of $9.23.

Blue Foundry Bancorp (NASDAQ:BLFY) last released its quarterly earnings data on Wednesday, July 24th. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.08. The business had revenue of $21.83 million during the quarter, compared to the consensus estimate of $9.67 million. Blue Foundry Bancorp had a negative return on equity of 2.69% and a negative net margin of 11.29%. During the same quarter in the prior year, the company posted ($0.08) earnings per share. As a group, equities research analysts expect that Blue Foundry Bancorp will post -0.69 EPS for the current year.

Institutional Investors Weigh In On Blue Foundry Bancorp

Several large investors have recently modified their holdings of BLFY. EntryPoint Capital LLC acquired a new position in shares of Blue Foundry Bancorp during the first quarter worth about $32,000. SG Americas Securities LLC boosted its position in shares of Blue Foundry Bancorp by 21.8% during the fourth quarter. SG Americas Securities LLC now owns 13,206 shares of the company’s stock worth $128,000 after buying an additional 2,365 shares during the period. Round Hill Asset Management boosted its position in shares of Blue Foundry Bancorp by 32.8% during the first quarter. Round Hill Asset Management now owns 21,234 shares of the company’s stock worth $199,000 after buying an additional 5,248 shares during the period. Wittenberg Investment Management Inc. boosted its position in shares of Blue Foundry Bancorp by 53.6% during the fourth quarter. Wittenberg Investment Management Inc. now owns 34,404 shares of the company’s stock worth $333,000 after buying an additional 12,000 shares during the period. Finally, Park Avenue Securities LLC acquired a new position in shares of Blue Foundry Bancorp during the first quarter worth about $505,000. 56.52% of the stock is currently owned by 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.