Blue Foundry Bancorp (NASDAQ:BLFY) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Blue Foundry Bancorp (NASDAQ:BLFY) posted its quarterly earnings results on Wednesday. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.04, Zacks reports. Blue Foundry Bancorp had a negative return on equity of 3.45% and a negative net margin of 13.65%.

Blue Foundry Bancorp Stock Performance

BLFY stock opened at $9.88 on Friday. Blue Foundry Bancorp has a twelve month low of $7.90 and a twelve month high of $11.48. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.23 and a quick ratio of 1.23. The business’s fifty day moving average is $10.06 and its 200-day moving average is $10.34.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reduced their target price on shares of Blue Foundry Bancorp from $11.00 to $10.00 and set a “market perform” rating on the stock in a research note on Thursday.

About Blue Foundry Bancorp

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.