Blue Foundry Bancorp (NASDAQ:BLFY) Issues Earnings Results

Blue Foundry Bancorp (NASDAQ:BLFY) released its quarterly earnings results on Wednesday. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate 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 Price Performance

NASDAQ:BLFY traded down $0.07 during midday 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 market capitalization of $221.68 million, a PE ratio of -17.36 and a beta of 0.63. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.03. Blue Foundry Bancorp has a 52-week low of $7.90 and a 52-week high of $11.48. The stock’s fifty day moving average price is $10.11 and its 200-day moving average price is $10.34.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods upped their price objective on shares of Blue Foundry Bancorp from $9.75 to $11.00 and gave the stock 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.