Keefe, Bruyette & Woods Cuts Blue Foundry Bancorp (NASDAQ:BLFY) Price Target to $10.00

Blue Foundry Bancorp (NASDAQ:BLFY) had its target price cut by Keefe, Bruyette & Woods from $11.00 to $10.00 in a report published on Thursday,Benzinga reports. They currently have a market perform rating on the stock.

Blue Foundry Bancorp Stock Performance

Blue Foundry Bancorp stock opened at $9.75 on Thursday. The company has a market cap of $222.30 million, a price-to-earnings ratio of -17.41 and a beta of 0.63. Blue Foundry Bancorp has a 12 month low of $7.90 and a 12 month high of $11.48. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.23 and a quick ratio of 1.23. The stock’s 50-day moving average is $10.03 and its 200-day moving average is $10.34.

Blue Foundry Bancorp (NASDAQ:BLFY) last posted its quarterly earnings results on Wednesday, January 29th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.04. Blue Foundry Bancorp had a negative net margin of 13.65% and a negative return on equity of 3.45%. Equities analysts anticipate that Blue Foundry Bancorp will post -0.56 earnings per share for the current year.

Institutional Trading of Blue Foundry Bancorp

A number of institutional investors have recently added to or reduced their stakes in BLFY. R Squared Ltd purchased a new position in Blue Foundry Bancorp in the fourth quarter valued at about $34,000. FMR LLC grew its stake in shares of Blue Foundry Bancorp by 72.3% in the third quarter. FMR LLC now owns 6,482 shares of the company’s stock valued at $66,000 after buying an additional 2,720 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Blue Foundry Bancorp during the 3rd quarter valued at about $71,000. PDT Partners LLC acquired a new position in Blue Foundry Bancorp during the 3rd quarter worth approximately $129,000. Finally, Kovitz Investment Group Partners LLC purchased a new position in Blue Foundry Bancorp in the 3rd quarter worth approximately $210,000. 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.