Compass Point lowered shares of Blue Foundry Bancorp (NASDAQ:BLFY – Get Rating) from a buy rating to a neutral rating in a research report released on Wednesday, Marketbeat reports. They currently have $13.00 price objective on the stock, down from their prior price objective of $14.00.
Separately, TheStreet upgraded Blue Foundry Bancorp from a d+ rating to a c- rating in a research note on Monday, November 21st.
Get Blue Foundry Bancorp alerts:Blue Foundry Bancorp Trading Down 0.3 %
Blue Foundry Bancorp stock opened at $11.59 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.22 and a current ratio of 1.22. The business's 50-day simple moving average is $12.69 and its 200-day simple moving average is $12.11. The firm has a market capitalization of $323.13 million, a PE ratio of 128.78 and a beta of 0.39. Blue Foundry Bancorp has a 52 week low of $11.01 and a 52 week high of $14.89.
Blue Foundry Bancorp (NASDAQ:BLFY – Get Rating) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.05 EPS for the quarter. The business had revenue of $14.61 million for the quarter. Blue Foundry Bancorp had a return on equity of 0.58% and a net margin of 3.68%.Hedge Funds Weigh In On Blue Foundry Bancorp
Several institutional investors and hedge funds have recently added to or reduced their stakes in BLFY. rhino investment partners Inc increased its stake in Blue Foundry Bancorp by 768.3% during the second quarter. rhino investment partners Inc now owns 573,003 shares of the company's stock valued at $6,870,000 after acquiring an additional 507,012 shares during the period. Brandywine Global Investment Management LLC bought a new position in Blue Foundry Bancorp during the second quarter valued at about $1,824,000. Dimensional Fund Advisors LP bought a new position in Blue Foundry Bancorp during the third quarter valued at about $860,000. Strs Ohio bought a new stake in shares of Blue Foundry Bancorp in the 3rd quarter valued at approximately $582,000. Finally, Vanguard Group Inc. grew its stake in shares of Blue Foundry Bancorp by 3.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,493,767 shares of the company's stock valued at $16,656,000 after purchasing an additional 49,106 shares during the period. 43.25% of the stock is currently owned by institutional investors.
About Blue Foundry Bancorp
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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. The company offers deposits; and loans, such as one-to-four family residential property, home equity, commercial real estate, multi-family, construction, commercial and industrial, and other consumer loans, as well as home equity lines of credit.
Further Reading
- Get a free copy of the StockNews.com research report on Blue Foundry Bancorp (BLFY)
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