Blue Foundry Bancorp (NASDAQ:BLFY) Upgraded to “C-” by TheStreet

TheStreet upgraded shares of Blue Foundry Bancorp (NASDAQ:BLFYGet Rating) from a d+ rating to a c- rating in a report published on Monday morning, TheStreetRatingsTable reports.

Separately, Keefe, Bruyette & Woods assumed coverage on Blue Foundry Bancorp in a research report on Monday, August 29th. They issued a market perform rating and a $13.25 price objective for the company.

Blue Foundry Bancorp Price Performance

BLFY stock opened at $12.95 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.22 and a quick ratio of 1.22. The business has a 50 day simple moving average of $12.02 and a 200-day simple moving average of $11.86. The firm has a market capitalization of $361.05 million, a PE ratio of -19.04 and a beta of 0.35. Blue Foundry Bancorp has a 1 year low of $11.01 and a 1 year high of $15.47.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BLFY. rhino investment partners Inc grew its position in Blue Foundry Bancorp by 768.3% in the second quarter. rhino investment partners Inc now owns 573,003 shares of the company’s stock worth $6,870,000 after acquiring an additional 507,012 shares during the period. Brandywine Global Investment Management LLC acquired a new position in Blue Foundry Bancorp during the second quarter worth $1,824,000. Dimensional Fund Advisors LP acquired a new position in Blue Foundry Bancorp during the third quarter worth $860,000. Strs Ohio acquired a new position in Blue Foundry Bancorp during the third quarter worth $582,000. Finally, Vanguard Group Inc. lifted its stake in Blue Foundry Bancorp by 3.4% during the third quarter. Vanguard Group Inc. now owns 1,493,767 shares of the company’s stock worth $16,656,000 after purchasing an additional 49,106 shares in the last quarter. 43.55% of the stock is currently owned by hedge funds and other institutional investors.

Blue Foundry Bancorp Company Profile

(Get Rating)

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.

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