Blue Foundry Bancorp (NASDAQ:BLFY – Free Report) had its price target trimmed by Keefe, Bruyette & Woods from $9.00 to $8.00 in a report published on Thursday morning, Benzinga reports. The firm currently has a market perform rating on the stock.
Separately, Piper Sandler upped their price target on shares of Blue Foundry Bancorp from $10.00 to $11.00 and gave the company a neutral rating in a report on Thursday, January 25th.
Read Our Latest Stock Report on BLFY
Blue Foundry Bancorp Stock 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 for the quarter, beating the consensus estimate of ($0.14) by $0.01. The company had revenue of $20.91 million during the quarter, compared to analysts’ expectations of $9.66 million. Blue Foundry Bancorp had a negative net margin of 10.89% and a negative return on equity of 2.50%. During the same quarter in the prior year, the company earned $0.02 earnings per share. On average, equities research analysts anticipate that Blue Foundry Bancorp will post -0.77 EPS for the current fiscal year.
Institutional Trading of Blue Foundry Bancorp
A number of institutional investors have recently made changes to their positions in BLFY. SG Americas Securities LLC bought a new stake in shares of Blue Foundry Bancorp in the third quarter worth $91,000. Wittenberg Investment Management Inc. bought a new stake in shares of Blue Foundry Bancorp in the third quarter worth $188,000. Strs Ohio lifted its position in shares of Blue Foundry Bancorp by 13.6% in the third quarter. Strs Ohio now owns 60,300 shares of the company’s stock worth $504,000 after purchasing an additional 7,200 shares in the last quarter. Park Avenue Securities LLC bought a new stake in shares of Blue Foundry Bancorp in the first quarter worth $505,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Blue Foundry Bancorp in the fourth quarter worth $2,000,000. Institutional investors own 56.52% of the company’s stock.
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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