Blue Foundry Bancorp (NASDAQ:BLFY – Free Report) had its target price boosted by Piper Sandler from $9.50 to $12.00 in a research report sent to investors on Monday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.
Separately, Keefe, Bruyette & Woods upped their price target on shares of Blue Foundry Bancorp from $8.00 to $9.25 and gave the company a market perform rating in a report on Thursday, July 25th.
View Our Latest Stock Analysis on Blue Foundry Bancorp
Blue Foundry Bancorp Trading Up 0.1 %
Blue Foundry Bancorp (NASDAQ:BLFY – Get Free Report) last posted its earnings results on Wednesday, July 24th. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.08. The firm had revenue of $21.83 million for the quarter, compared to the consensus estimate of $9.67 million. Blue Foundry Bancorp had a negative net margin of 11.29% and a negative return on equity of 2.69%. During the same period in the prior year, the business posted ($0.08) earnings per share. On average, analysts forecast that Blue Foundry Bancorp will post -0.69 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Blue Foundry Bancorp
A number of hedge funds have recently bought and sold shares of BLFY. EntryPoint Capital LLC bought a new stake in shares of Blue Foundry Bancorp in the first quarter valued at about $32,000. SG Americas Securities LLC lifted its stake in shares of Blue Foundry Bancorp by 21.8% in the fourth quarter. SG Americas Securities LLC now owns 13,206 shares of the company’s stock valued at $128,000 after buying an additional 2,365 shares during the period. Round Hill Asset Management lifted its stake in shares of Blue Foundry Bancorp by 32.8% in the first quarter. Round Hill Asset Management now owns 21,234 shares of the company’s stock valued at $199,000 after buying an additional 5,248 shares during the period. Wittenberg Investment Management Inc. lifted its stake in shares of Blue Foundry Bancorp by 53.6% in the fourth quarter. Wittenberg Investment Management Inc. now owns 34,404 shares of the company’s stock valued at $333,000 after buying an additional 12,000 shares during the period. Finally, Park Avenue Securities LLC bought a new stake in shares of Blue Foundry Bancorp in the first quarter valued at 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.
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