Blue Foundry Bancorp (NASDAQ:BLFY) Announces Earnings Results, Beats Expectations By $0.04 EPS

Blue Foundry Bancorp (NASDAQ:BLFY) announced its earnings results on Wednesday. The company reported ($0.13) earnings per share (EPS) for the quarter, topping 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

BLFY stock opened at $9.89 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.03. The firm has a market cap of $225.49 million, a price-to-earnings ratio of -17.64 and a beta of 0.63. The company’s fifty day simple moving average is $10.11 and its 200 day simple moving average is $10.34. Blue Foundry Bancorp has a 12-month low of $7.90 and a 12-month high of $11.48.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised their price objective on 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.

About Blue Foundry Bancorp

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.