Blue Foundry Bancorp (NASDAQ:BLFY) Given Sell (E+) Rating at Weiss Ratings

Weiss Ratings reaffirmed their sell (e+) rating on shares of Blue Foundry Bancorp (NASDAQ:BLFY) in a research note released on Thursday,Weiss Ratings reports.

Blue Foundry Bancorp Stock Performance

Shares of Blue Foundry Bancorp stock opened at $8.45 on Thursday. The business’s fifty day simple moving average is $9.07 and its 200 day simple moving average is $9.17. The firm has a market capitalization of $181.68 million, a P/E ratio of -18.37 and a beta of 0.60. Blue Foundry Bancorp has a 12 month low of $8.23 and a 12 month high of $11.38. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.07.

Blue Foundry Bancorp (NASDAQ:BLFY) last released its earnings results on Wednesday, October 29th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.10). Blue Foundry Bancorp had a negative return on equity of 2.82% and a negative net margin of 9.82%.The business had revenue of $12.61 million during the quarter, compared to the consensus estimate of $12.35 million. As a group, analysts anticipate that Blue Foundry Bancorp will post -0.47 EPS for the current year.

Institutional Trading of Blue Foundry Bancorp

Large investors have recently bought and sold shares of the company. Versant Capital Management Inc increased its position in Blue Foundry Bancorp by 181.2% in the third quarter. Versant Capital Management Inc now owns 3,074 shares of the company’s stock worth $28,000 after buying an additional 1,981 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Blue Foundry Bancorp by 257.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,156 shares of the company’s stock worth $49,000 after buying an additional 3,715 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Blue Foundry Bancorp by 56.4% in the first quarter. PNC Financial Services Group Inc. now owns 7,088 shares of the company’s stock worth $65,000 after buying an additional 2,557 shares during the last quarter. Sei Investments Co. purchased a new stake in Blue Foundry Bancorp in the second quarter worth $96,000. Finally, PDT Partners LLC increased its position in Blue Foundry Bancorp by 18.9% in the first quarter. PDT Partners LLC now owns 14,959 shares of the company’s stock worth $138,000 after buying an additional 2,380 shares during the last quarter. 56.52% of the stock is owned by hedge funds and other institutional investors.

About Blue Foundry Bancorp

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.