Blue Foundry Bancorp (NASDAQ:BLFY – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.08, Zacks reports. Blue Foundry Bancorp had a negative return on equity of 2.69% and a negative net margin of 11.29%. The firm had revenue of $21.83 million during the quarter, compared to analysts’ expectations of $9.67 million. During the same period in the prior year, the firm posted ($0.08) earnings per share.
Blue Foundry Bancorp Stock Up 0.4 %
NASDAQ:BLFY traded up $0.04 during mid-day trading on Friday, hitting $11.31. 1,265 shares of the stock were exchanged, compared to its average volume of 54,792. The firm’s 50-day simple moving average is $9.35 and its 200 day simple moving average is $9.22. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.24 and a current ratio of 1.24. Blue Foundry Bancorp has a fifty-two week low of $7.08 and a fifty-two week high of $11.40.
Analyst Ratings Changes
Separately, Keefe, Bruyette & Woods lifted their price target on Blue Foundry Bancorp from $8.00 to $9.25 and gave the stock a “market perform” rating in a report on Thursday.
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.
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