Blue Foundry Bancorp (NASDAQ:BLFY) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Blue Foundry Bancorp (NASDAQ:BLFY) 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

BLFY has been the subject of several research analyst reports. Piper Sandler boosted their price target on shares of Blue Foundry Bancorp from $9.50 to $12.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods boosted their target price on 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.