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Blue Foundry ( (BLFY) ) has provided an announcement.
Blue Foundry Bancorp held its Annual Meeting of Shareholders on May 15, 2025, with a quorum of 88.42% of shareholders present. During the meeting, directors Elizabeth Varki Jobes, Patrick H. Kinzler, Mirella Lang, and James D. Nesci were elected for two-year terms, and the appointment of KPMG LLP as the independent accounting firm was ratified. A shareholder proposal recommending the sale or merger of the company was not approved.
The most recent analyst rating on (BLFY) stock is a Hold with a $9.75 price target. To see the full list of analyst forecasts on Blue Foundry stock, see the BLFY Stock Forecast page.
Spark’s Take on BLFY Stock
According to Spark, TipRanks’ AI Analyst, BLFY is a Neutral.
Blue Foundry’s overall stock score reflects significant financial performance challenges, with consistent losses and poor cash flow generation weighing heavily on the score. Despite some positive aspects from the earnings call, such as loan growth and strong liquidity, these were offset by a net loss and increased expenses. Technical analysis suggests weak long-term momentum, and valuation is unattractive due to a negative P/E ratio and no dividend yield. While there are areas of potential improvement, substantial strategic changes are necessary for a more positive outlook.
To see Spark’s full report on BLFY stock, click here.
More about Blue Foundry
Average Trading Volume: 56,102
Technical Sentiment Signal: Buy
Current Market Cap: $218.1M
For a thorough assessment of BLFY stock, go to TipRanks’ Stock Analysis page.