Blue Foundry Bancorp (NASDAQ:BLFY) Price Target Cut to $10.00 by Analysts at Keefe, Bruyette & Woods

Blue Foundry Bancorp (NASDAQ:BLFY) had its target price cut by equities research analysts at Keefe, Bruyette & Woods from $11.00 to $10.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 0.05% from the company’s previous close.

Blue Foundry Bancorp Stock Performance

Shares of BLFY stock opened at $10.00 on Thursday. The firm has a market capitalization of $227.89 million, a price-to-earnings ratio of -17.85 and a beta of 0.63. The business’s 50-day moving average price is $10.08 and its 200-day moving average price is $10.34. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.03. Blue Foundry Bancorp has a 12 month low of $7.90 and a 12 month high of $11.48.

Blue Foundry Bancorp (NASDAQ:BLFY) last announced its earnings results on Wednesday, January 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.04. Blue Foundry Bancorp had a negative return on equity of 3.50% and a negative net margin of 14.14%. Equities research analysts forecast that Blue Foundry Bancorp will post -0.6 EPS for the current year.

Institutional Investors Weigh In On Blue Foundry Bancorp

Institutional investors have recently bought and sold shares of the stock. R Squared Ltd bought a new position in Blue Foundry Bancorp during the 4th quarter valued at approximately $34,000. FMR LLC grew its stake in Blue Foundry Bancorp by 72.3% in the third quarter. FMR LLC now owns 6,482 shares of the company’s stock worth $66,000 after purchasing an additional 2,720 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Blue Foundry Bancorp in the 3rd quarter worth $71,000. PDT Partners LLC purchased a new position in Blue Foundry Bancorp in the 3rd quarter worth $129,000. Finally, Kovitz Investment Group Partners LLC purchased a new position in shares of Blue Foundry Bancorp in the 3rd quarter valued at about $210,000. 56.52% of the stock is currently owned by hedge funds and other institutional investors.

Blue Foundry Bancorp Company Profile

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.