Blue Foundry Bancorp (NASDAQ:BLFY - Get Free Report)'s stock had its "sell (d-)" rating restated by stock analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.
Blue Foundry Bancorp Price Performance
NASDAQ:BLFY traded up $0.17 during trading hours on Wednesday, hitting $8.90. 58,216 shares of the stock traded hands, compared to its average volume of 51,016. The company has a market cap of $191.31 million, a price-to-earnings ratio of -16.18 and a beta of 0.60. Blue Foundry Bancorp has a 1 year low of $8.23 and a 1 year high of $11.38. The stock has a 50 day moving average price of $9.10 and a 200 day moving average price of $9.21. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.07.
Blue Foundry Bancorp (NASDAQ:BLFY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.01. The firm had revenue of $12.05 million for the quarter, compared to the consensus estimate of $11.80 million. Blue Foundry Bancorp had a negative net margin of 12.49% and a negative return on equity of 3.45%. Sell-side analysts forecast that Blue Foundry Bancorp will post -0.47 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of BLFY. Cerity Partners LLC increased its stake in Blue Foundry Bancorp by 7.1% during the second quarter. Cerity Partners LLC now owns 24,621 shares of the company's stock worth $236,000 after acquiring an additional 1,628 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Blue Foundry Bancorp by 0.4% in the second quarter. Geode Capital Management LLC now owns 431,677 shares of the company's stock valued at $4,132,000 after purchasing an additional 1,780 shares during the period. Bank of America Corp DE grew its stake in Blue Foundry Bancorp by 11.0% in the second quarter. Bank of America Corp DE now owns 20,908 shares of the company's stock worth $200,000 after purchasing an additional 2,069 shares in the last quarter. PDT Partners LLC increased its holdings in Blue Foundry Bancorp by 18.9% during the 1st quarter. PDT Partners LLC now owns 14,959 shares of the company's stock worth $138,000 after purchasing an additional 2,380 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Blue Foundry Bancorp by 56.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,088 shares of the company's stock valued at $65,000 after purchasing an additional 2,557 shares in the last quarter. 56.52% of the stock is currently owned by institutional investors.
About Blue Foundry Bancorp
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Blue Foundry Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Blue Foundry Bancorp wasn't on the list.
While Blue Foundry Bancorp currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
