Blue Foundry Bancorp (BLFY) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Blue Foundry Bancorp in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" BLFY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BLFY, but not buy additional shares or sell existing shares.
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3 equities research analysts have issued 1-year price targets for Blue Foundry Bancorp's shares. Their BLFY share price forecasts range from $9.50 to $13.00. On average, they expect the company's stock price to reach $10.83 in the next year. This suggests a possible upside of 29.0% from the stock's current price.
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Blue Foundry Bancorp's stock was trading at $12.85 at the beginning of 2023. Since then, BLFY stock has decreased by 34.6% and is now trading at $8.40.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
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Blue Foundry Bancorp (NASDAQ:BLFY) released its earnings results on Wednesday, July, 26th. The company reported ($0.08) earnings per share for the quarter, beating analysts' consensus estimates of ($0.10) by $0.02. The company had revenue of $11.29 million for the quarter, compared to analysts' expectations of $11.76 million. Blue Foundry Bancorp had a negative trailing twelve-month return on equity of 0.32% and a negative net margin of 1.65%.

(BLFY) raised $278 million in an initial public offering (IPO) on Friday, July 16th 2021. The company issued 27,772,500 shares at a price of $10.00 per share.

Blue Foundry Bancorp trades on the NASDAQ under the ticker symbol "BLFY."

Blue Foundry Bancorp's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.76%), Driehaus Capital Management LLC (5.88%), Essex Financial Services Inc. (2.25%), Dimensional Fund Advisors LP (1.90%), State Street Corp (1.85%) and Geode Capital Management LLC (1.79%). Insiders that own company stock include Alexander Agnoletto, Brent Michael Ciurlino, Elizabeth Marie Miller, James D Nesci, Jason M Goldberg, Jonathan M Shaw, Margaret Letsche, Michele Dowling Johnson, Patrick H Kinzler, Robert Rowe and Robert Thomas Goldstein.
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Shares of BLFY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BLFY stock can currently be purchased for approximately $8.40.

Blue Foundry Bancorp (NASDAQ:BLFY) has a market capitalization of $213.11 million and generates $65.08 million in revenue each year. The company earns $2.40 million in net income (profit) each year or ($0.06) on an earnings per share basis.

The company employs 198 workers across the globe.

The official website for the company is www.bluefoundrybank.com. The company can be reached via phone at 201-939-5000 or via email at investorrelations@bluefoundrybank.com.