Blue Foundry Bancorp (NASDAQ:BLFY – Get Free Report) 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
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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.
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