Blue Foundry Bancorp (NASDAQ:BLFY) Upgraded at TheStreet

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

Separately, Keefe, Bruyette & Woods started coverage on shares of Blue Foundry Bancorp in a report on Monday, August 29th. They set a market perform rating and a $13.25 target price for the company.

Blue Foundry Bancorp Stock Performance

Blue Foundry Bancorp stock opened at $12.95 on Monday. Blue Foundry Bancorp has a 52-week low of $11.01 and a 52-week high of $15.47. The company has a fifty day simple moving average of $11.96 and a 200-day simple moving average of $11.85. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.74.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Amalgamated Bank acquired a new position in shares of Blue Foundry Bancorp during the 1st quarter valued at about $47,000. Tower Research Capital LLC TRC boosted its position in shares of Blue Foundry Bancorp by 224.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,930 shares of the company’s stock valued at $55,000 after acquiring an additional 3,410 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Blue Foundry Bancorp during the 2nd quarter valued at about $113,000. Acadian Asset Management LLC acquired a new position in shares of Blue Foundry Bancorp during the 1st quarter valued at about $124,000. Finally, Millennium Management LLC acquired a new position in shares of Blue Foundry Bancorp during the 2nd quarter valued at about $126,000. Institutional investors and hedge funds own 43.55% of the company’s stock.

About Blue Foundry Bancorp

(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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