BLFY stock icon

Blue Foundry Bancorp
BLFY

$8.89
3.37%
 

About: Blue Foundry Bancorp is a full-service bank. Its business consists of originating one-to-four-family residential, multi-family, and non-residential real estate mortgages, home equity loans and lines of credit, and commercial and industrial loans. It attracts retail deposits from the general public in the areas surrounding its banking offices, through its borrowers, and through its online presence, offering a wide variety of deposit products. The bank also invests in securities. Its revenues are derived from interest on loans and, to a lesser extent, interest on mortgage-backed and other investment securities. The company's sources of funds are deposits, principal, and interest payments on loans, securities, and borrowings from the Federal Home Loan Bank of New York.

Employees: 179

0
Funds holding %
of 6,689 funds
Analysts bullish %
News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

0.13% less ownership

Funds ownership: 47.3% [Q4 2023] → 47.18% (-0.13%) [Q1 2024]

3% less capital invested

Capital invested by funds: $114M [Q4 2023] → $110M (-$3.94M) [Q1 2024]

3% less funds holding

Funds holding: 69 [Q4 2023] → 67 (-2) [Q1 2024]

29% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 7

29% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 24

Research analyst outlook

2 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$8
10%
downside
Avg. target
$9.5
7%
upside
High target
$11
24%
upside

2 analyst ratings

positive
0%
neutral
100%
negative
0%
Keefe, Bruyette & Woods
Christopher O'Connell
10%downside
$8
Market Perform
Maintained
25 Apr 2024
Piper Sandler
Justin Crowley
24%upside
$11
Neutral
Maintained
25 Jan 2024

Financial journalist opinion