Blue Foundry Bancorp (NASDAQ:BLFY) Issues Quarterly Earnings Results

Blue Foundry Bancorp (NASDAQ:BLFY) issued its quarterly earnings results on Wednesday. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.02), Yahoo Finance reports. Blue Foundry Bancorp had a negative net margin of 11.29% and a negative return on equity of 2.71%. The business had revenue of $21.92 million during the quarter, compared to analyst estimates of $10.26 million. During the same quarter in the previous year, the firm posted ($0.06) earnings per share.

Blue Foundry Bancorp Stock Performance

Shares of Blue Foundry Bancorp stock traded down $0.20 during trading on Friday, hitting $9.66. 36,779 shares of the stock were exchanged, compared to its average volume of 52,536. The stock has a market capitalization of $229.03 million, a price-to-earnings ratio of -24.28 and a beta of 0.54. The company has a fifty day moving average price of $10.40 and a 200-day moving average price of $9.71. Blue Foundry Bancorp has a 1-year low of $7.23 and a 1-year high of $11.48. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.99.

Insider Transactions at Blue Foundry Bancorp

In other news, Director Robert Thomas Goldstein sold 3,500 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $10.79, for a total transaction of $37,765.00. Following the transaction, the director now directly owns 39,283 shares in the company, valued at $423,863.57. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.98% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

BLFY has been the topic of several recent research reports. Piper Sandler lifted their price target on shares of Blue Foundry Bancorp from $9.50 to $12.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods lifted their price target on shares of Blue Foundry Bancorp from $8.00 to $9.25 and gave the company a “market perform” rating in a research note on Thursday, July 25th.

Blue Foundry Bancorp Company Profile

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.