Blue Foundry Bancorp (NASDAQ:BLFY) Given New $10.00 Price Target at Keefe, Bruyette & Woods

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

Blue Foundry Bancorp Stock Up 2.2 %

BLFY opened at $10.00 on Thursday. The business’s fifty day moving average is $10.08 and its two-hundred day moving average is $10.34. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market cap of $227.89 million, a price-to-earnings ratio of -17.85 and a beta of 0.63. Blue Foundry Bancorp has a one year low of $7.90 and a one year high of $11.48.

Blue Foundry Bancorp (NASDAQ:BLFY) last released its quarterly earnings results on Wednesday, January 29th. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates 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%. Analysts anticipate that Blue Foundry Bancorp will post -0.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. R Squared Ltd purchased a new stake in Blue Foundry Bancorp during the fourth quarter worth approximately $34,000. FMR LLC raised its holdings in shares of Blue Foundry Bancorp by 72.3% during 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 during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Blue Foundry Bancorp during the third quarter worth $71,000. PDT Partners LLC bought a new position in shares of Blue Foundry Bancorp during the third quarter worth about $129,000. Finally, Kovitz Investment Group Partners LLC bought a new position in 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.

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.