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

Blue Foundry Bancorp (NASDAQ:BLFY) announced its quarterly earnings data on Wednesday. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.04, Zacks reports. Blue Foundry Bancorp had a negative return on equity of 3.50% and a negative net margin of 14.14%.

Blue Foundry Bancorp Stock Performance

Shares of NASDAQ BLFY traded down $0.07 during mid-day trading on Wednesday, hitting $9.72. The company had a trading volume of 2,196 shares, compared to its average volume of 48,366. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.03. Blue Foundry Bancorp has a 1 year low of $7.90 and a 1 year high of $11.48. The company has a market capitalization of $221.68 million, a price-to-earnings ratio of -17.36 and a beta of 0.63. The stock’s 50-day moving average price is $10.11 and its 200-day moving average price is $10.34.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods boosted their price target on shares of Blue Foundry Bancorp from $9.75 to $11.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

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.