Blue Foundry Bancorp (BLFY) Scheduled to Post Earnings on Wednesday

Blue Foundry Bancorp (NASDAQ:BLFY) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, October 23rd. Analysts expect Blue Foundry Bancorp to post earnings of ($0.17) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Blue Foundry Bancorp (NASDAQ:BLFY) last announced its quarterly earnings data on Wednesday, July 24th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.08. The firm had revenue of $21.83 million for the quarter, compared to analyst estimates of $9.67 million. Blue Foundry Bancorp had a negative return on equity of 2.71% and a negative net margin of 11.29%. During the same period in the prior year, the company earned ($0.08) EPS. On average, analysts expect Blue Foundry Bancorp to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Blue Foundry Bancorp Stock Performance

NASDAQ:BLFY opened at $10.41 on Wednesday. Blue Foundry Bancorp has a 1-year low of $7.08 and a 1-year 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 business has a 50 day moving average of $10.37 and a 200 day moving average of $9.66. The company has a market capitalization of $246.81 million, a price-to-earnings ratio of -26.03 and a beta of 0.54.

Insider Buying and Selling

In other news, Director Robert Thomas Goldstein sold 3,500 shares of the 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 completion of the sale, the director now directly owns 39,283 shares in the company, valued at approximately $423,863.57. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.98% of the stock is owned by insiders.

Analysts Set New Price Targets

BLFY has been the topic of several recent research reports. Piper Sandler increased their target price 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.