Blue Foundry BancorpBLFY
Market Cap: $244M
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
1.16% more ownership
Funds ownership: 47.77% [Q1] → 48.93% (+1.16%) [Q2]
0% more funds holding
Funds holding: 68 [Q1] → 68 (+0) [Q2]
0% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 11
0% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 21
5% less capital invested
Capital invested by funds: $111M [Q1] → $106M (-$5.66M) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Piper Sandler Justin Crowley 63% 1-year accuracy 5 / 8 met price target | 14%upside $12 | Neutral Maintained | 29 Jul 2024 |
Keefe, Bruyette & Woods Christopher O'Connell 75% 1-year accuracy 12 / 16 met price target | 12%downside $9.25 | Market Perform Maintained | 25 Jul 2024 |