Blue Foundry Bancorp (NASDAQ:BLFY - Get Free Report) posted its earnings results on Wednesday. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.02), Yahoo Finance reports. Blue Foundry Bancorp had a negative return on equity of 2.71% and a negative net margin of 11.29%. The company had revenue of $21.92 million during the quarter, compared to analysts' expectations of $10.26 million. During the same period in the prior year, the business posted ($0.06) earnings per share.
Blue Foundry Bancorp Stock Down 2.0 %
Shares of NASDAQ BLFY traded down $0.20 on Friday, reaching $9.66. 40,112 shares of the company's stock traded hands, compared to its average volume of 52,552. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.99. The business's 50 day simple moving average is $10.40 and its two-hundred day simple moving average is $9.71. Blue Foundry Bancorp has a 12 month low of $7.23 and a 12 month high of $11.48. The company has a market cap of $229.03 million, a price-to-earnings ratio of -24.15 and a beta of 0.54.
Insider Buying and Selling
In related 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 sale, the director now directly owns 39,283 shares of the company's stock, valued at approximately $423,863.57. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.98% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. Piper Sandler raised their price objective on shares of Blue Foundry Bancorp from $9.50 to $12.00 and gave the stock a "neutral" rating in a report on Monday, July 29th. Keefe, Bruyette & Woods lifted 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.
View Our Latest Stock Analysis on Blue Foundry Bancorp
Blue Foundry Bancorp Company Profile
(
Get Free Report)
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.
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