Blue Foundry Bancorp (BLFY) Expected to Announce Quarterly Earnings on Wednesday

Blue Foundry Bancorp (NASDAQ:BLFY) is expected to be announcing its earnings results before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of ($0.17) per share for the quarter.

Blue Foundry Bancorp (NASDAQ:BLFY) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.02). Blue Foundry Bancorp had a negative net margin of 14.14% and a negative return on equity of 3.50%. The business had revenue of $21.92 million during the quarter, compared to the consensus estimate of $10.26 million. During the same quarter last year, the company posted ($0.06) EPS. On average, analysts expect Blue Foundry Bancorp to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Blue Foundry Bancorp Stock Performance

BLFY stock traded up $0.18 during midday trading on Wednesday, reaching $9.37. 45,189 shares of the company were exchanged, compared to its average volume of 56,143. Blue Foundry Bancorp has a one year low of $7.90 and a one year high of $11.48. The firm has a market capitalization of $213.60 million, a price-to-earnings ratio of -16.73 and a beta of 0.63. The business has a 50-day moving average price of $10.42 and a two-hundred day moving average price of $10.32. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.23 and a quick ratio of 1.23.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted their target price on shares of Blue Foundry Bancorp from $9.75 to $11.00 and gave the stock a “market perform” rating in a 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.