Blue Foundry Bancorp (NASDAQ:BLFY – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.02), Yahoo Finance reports. The firm had revenue of $21.92 million for the quarter, compared to analyst estimates of $10.26 million. Blue Foundry Bancorp had a negative net margin of 11.29% and a negative return on equity of 2.71%. During the same quarter in the prior year, the firm posted ($0.06) EPS.
Blue Foundry Bancorp Stock Down 2.0 %
Shares of Blue Foundry Bancorp stock traded down $0.20 on Friday, hitting $9.66. The company had a trading volume of 40,112 shares, compared to its average volume of 52,552. Blue Foundry Bancorp has a twelve month low of $7.23 and a twelve month high of $11.48. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a 50-day moving average of $10.40 and a 200-day moving average of $9.71. The firm has a market capitalization of $229.03 million, a P/E ratio of -24.15 and a beta of 0.54.
Insider Buying and Selling
In other news, Director Robert Thomas Goldstein sold 3,500 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $10.79, for a total transaction of $37,765.00. Following the completion of the transaction, the director now directly owns 39,283 shares of the company’s stock, valued at $423,863.57. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.98% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
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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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