Bank Buzz: NB Bancorp Is Priced Below Liquidation Value And Insiders Are Buying [Seeking Alpha]
Blue Foundry Bancorp (BLFY)
Company Research
Source: Seeking Alpha
We recap the last four weeks and highlight a few interesting ideas, including BLFY and NBBK. Despite an active share repurchase program and the potential to be acquired in 2H24, BLFY trades at NBBK is an attractive investment with an inexpensive valuation, strong balance sheet, and moderate organic growth potential, offering a potential total return of ~25% over the next 24 months. Background Welcome back to the fifth edition of Bank Buzz, where we cover the community bank sector, with a specific focus on mutual conversions, our favorite niche within a niche. We enjoy following this space as many of these little banks are inexpensive and possess multiple catalysts to materially increase shareholder value. Our approach is to identify conversions trading below tangible book value with overcapitalized balance sheets, solid asset quality, and shareholder-friendly management teams. And then wait for leadership to unleash the catalysts. In today's article, we'll provide a
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BLFY
News
- Blue Foundry Bancorp (NASDAQ:BLFY) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Blue Foundry Bancorp (NASDAQ: BLFY) had its price target lowered by analysts at Keefe, Bruyette & Woods from $9.00 to $8.00. They now have a "market perform" rating on the stock.MarketBeat
- Blue Foundry Bancorp (BLFY) Reports Q1 Loss, Tops Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Blue Foundry Bancorp Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Blue Foundry Bancorp Reports First Quarter 2024 ResultsGlobeNewswire
BLFY
Earnings
- 4/24/24 - Beat
BLFY
Sec Filings
- 4/24/24 - Form 8-K
- 4/15/24 - Form ARS
- 4/15/24 - Form DEF
- BLFY's page on the SEC website