Blue Foundry Bancorp (BLFY) Stock Price, News & Analysis

Company Overview

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. The company was formerly known as Boiling Springs Bancorp and changed its name to Blue Foundry Bancorp in July 2019. Blue Foundry Bancorp was founded in 1939 and is based in Rutherford, New Jersey.

Key Stats

• Today's Range: $10.85 to $11.16
• 50-Day Range: $9.47 to $11.24
• 52-Week Range: $7.90 to $11.48
• Volume: 43,110 shs
• Average Volume: 57,941 shs
• Market Capitalization: $252.17 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $10.63
• Consensus Rating: Hold

Blue Foundry Bancorp Stock Analysis - MarketRank™

Blue Foundry Bancorp scored higher than 18% of companies evaluated by MarketBeat, and ranked 865th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Blue Foundry Bancorp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Blue Foundry Bancorp has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Blue Foundry Bancorp are expected to grow in the coming year, from ($0.60) to ($0.56) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Blue Foundry Bancorp is -19.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Blue Foundry Bancorp is -19.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Blue Foundry Bancorp has a P/B Ratio of 0.74. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.13% of the float of Blue Foundry Bancorp has been sold short.

Short Interest Ratio / Days to Cover

Blue Foundry Bancorp has a short interest ratio ("days to cover") of 9.1.

Change versus previous month

Short interest in Blue Foundry Bancorp has recently decreased by 4.67%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Blue Foundry Bancorp does not currently pay a dividend.

Dividend Growth

Blue Foundry Bancorp does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.13% of the float of Blue Foundry Bancorp has been sold short.

Short Interest Ratio / Days to Cover

Blue Foundry Bancorp has a short interest ratio ("days to cover") of 9.1.

Change versus previous month

Short interest in Blue Foundry Bancorp has recently decreased by 4.67%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: N/A

News Sentiment

Blue Foundry Bancorp has a news sentiment score of 0.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Finance companies.

MarketBeat Follows

2 people have added Blue Foundry Bancorp to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Blue Foundry Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $37,765.00 in company stock.

Percentage Held by Insiders

Only 5.98% of the stock of Blue Foundry Bancorp is held by insiders.

Percentage Held by Institutions

56.52% of the stock of Blue Foundry Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BLFY Stock Analysis - Frequently Asked Questions

How have BLFY shares performed this year?

Blue Foundry Bancorp's stock was trading at $9.67 on January 1st, 2024. Since then, BLFY shares have increased by 14.4% and is now trading at $11.06.
View the best growth stocks for 2024 here.

How were Blue Foundry Bancorp's earnings last quarter?

Blue Foundry Bancorp (NASDAQ:BLFY) released its earnings results on Wednesday, October, 23rd. The company reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by $0.02. The firm had revenue of $21.92 million for the quarter, compared to the consensus estimate of $10.26 million. Blue Foundry Bancorp had a negative trailing twelve-month return on equity of 3.50% and a negative net margin of 14.14%.

When did Blue Foundry Bancorp IPO?

Blue Foundry Bancorp (BLFY) raised $278 million in an initial public offering (IPO) on Friday, July 16th 2021. The company issued 27,772,500 shares at $10.00 per share.

Who are Blue Foundry Bancorp's major shareholders?

Top institutional investors of Blue Foundry Bancorp include Essex Financial Services Inc. (2.62%), State Street Corp (2.07%), Geode Capital Management LLC (1.95%) and HighTower Advisors LLC (0.16%). Insiders that own company stock include Patrick H Kinzler, Margaret Letsche, Robert Thomas Goldstein, James D Nesci, Robert Rowe, Elizabeth Marie Miller, Jonathan M Shaw, Jason M Goldberg, Alexander Agnoletto and Brent Michael Ciurlino.
View institutional ownership trends.

How do I buy shares of Blue Foundry Bancorp?

Shares of BLFY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Blue Foundry Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Blue Foundry Bancorp investors own include Tesla (TSLA), NVIDIA (NVDA), JPMorgan Chase & Co. (JPM), Meta Platforms (META), Advanced Micro Devices (AMD), Netflix (NFLX) and Home Depot (HD).

Company Calendar

• Last Earnings: 10/23/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/22/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Savings institutions, except federal
• Sub-Industry: Banking
• Current Symbol: NASDAQ:BLFY
• CUSIP: N/A
• CIK: 1846017
• Web: www.bluefoundrybank.com
• Phone: 201-939-5000
• Fax: N/A
• Employees: 180
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $10.63
• High Stock Price Target: $12.00
• Low Stock Price Target: $9.25
• Potential Upside/Downside: -3.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.56)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-7,400,000.00
• Net Margins: -14.14%
• Pretax Margin: -14.14%
• Return on Equity: -3.50%
• Return on Assets: -0.59%

Debt

• Debt-to-Equity Ratio: 1.03
• Current Ratio: 1.23
• Quick Ratio: 1.23

Sales & Book Value

• Annual Sales: $39.22 million
• Price / Sales: 6.43
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $14.27 per share
• Price / Book: 0.78

Miscellaneous

• Outstanding Shares: 22,796,000
• Free Float: 21,433,000
• Market Cap: $252.12 million
• Optionable: Optionable
• Beta: 0.54