Blue Foundry Bancorp (NASDAQ:BLFY) Posts Earnings Results, Misses Expectations By $0.02 EPS

Blue Foundry Bancorp (NASDAQ:BLFY) announced its quarterly earnings data on Wednesday. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.02), Yahoo Finance reports. The firm had revenue of $21.92 million during the quarter, compared to analysts’ expectations 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 previous year, the business posted ($0.06) EPS.

Blue Foundry Bancorp Trading Down 2.0 %

NASDAQ:BLFY traded down $0.20 on Friday, reaching $9.66. The company’s stock had a trading volume of 40,112 shares, compared to its average volume of 52,552. Blue Foundry Bancorp has a 12-month low of $7.23 and a 12-month high of $11.48. The stock has a 50 day moving average price of $10.39 and a 200 day moving average price of $9.71. The firm has a market cap of $229.03 million, a price-to-earnings ratio of -24.15 and a beta of 0.54. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.99.

Insider Transactions at Blue Foundry Bancorp

In other Blue Foundry Bancorp news, Director Robert Thomas Goldstein sold 3,500 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $10.79, for a total value of $37,765.00. Following the transaction, the director now 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 SEC, which is available through this link. Company insiders own 5.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BLFY. Keefe, Bruyette & Woods upped their price target on Blue Foundry Bancorp from $8.00 to $9.25 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Piper Sandler upped their price objective 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.

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.