Blue Foundry Bancorp (NASDAQ:BLFY) Stock Ranking Updated by TheStreet

Bancorp Blue Foundry (NASDAQ:BLFYGet a rating) was raised by TheStreet research analysts from a “d+” rating to a “c-” rating in a research note published on Monday, TheStreetRatingsTable reports.

Separately, Keefe, Bruyette & Woods began covering Blue Foundry Bancorp shares in a research report on Monday, August 29. They set a “market performance” rating and a price target of $13.25 for the company.

Blue Foundry Bancorp shares down 1.1%

Shares of NASDAQ:BLFY opened at $12.96 on Monday. The company has a market capitalization of $361.35 million, a price-earnings ratio of -19.06 and a beta of 0.35. Blue Foundry Bancorp has a 12-month low of $11.01 and a 12-month high of $15.47. The company has a 50-day moving average price of $11.92 and a 200-day moving average price of $11.84. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt ratio of 0.74.

Institutional investors weigh in on Blue Foundry Bancorp

A number of institutional investors have recently changed their holdings in BLFY. Price T Rowe Associates Inc. MD increased its stake in Blue Foundry Bancorp by 0.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 2,770,978 shares of the company valued at $33,224,000 after acquiring an additional 24,344 shares during the period. Vanguard Group Inc. increased its stake in shares of Blue Foundry Bancorp by 3.4% in the third quarter. Vanguard Group Inc. now owns 1,493,767 shares of the company worth $16,656,000 after acquiring 49,106 additional shares in the last quarter. Driehaus Capital Management LLC increased its position in shares of Blue Foundry Bancorp by 2.8% during the second quarter. Driehaus Capital Management LLC now owns 1,402,031 shares of the company worth $16,810,000 after acquiring an additional 37,956 shares during the period. Essex Financial Services Inc. increased its position in shares of Blue Foundry Bancorp by 1.9% during the third quarter. Essex Financial Services Inc. now owns 593,009 shares of the company worth $6,612,000 after acquiring an additional 11,050 shares during the period. Finally, rhino investment partners Inc increased its stake in Blue Foundry Bancorp by 768.3% in the second quarter. Rhino Investment Partners Inc now owns 573,003 shares of the company valued at $6,870,000 after purchasing an additional 507,012 shares during the period. 43.55% of the shares are held by institutional investors and hedge funds.

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 retail and corporate banking products and services. The company offers deposits; and loans, such as one to four family residential properties, home equity, commercial, multi-family, construction, commercial and industrial real estate, and other consumer loans, as well as margins of home equity loan.

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