Should I buy or sell Blue Foundry Bancorp stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Blue Foundry Bancorp in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BLFY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BLFY, but not buy additional shares or sell existing shares. View BLFY analyst ratings or view top-rated stocks .

What is Blue Foundry Bancorp's stock price target for 2024?

1 brokerages have issued 12 month price objectives for Blue Foundry Bancorp's stock. Their BLFY share price targets range from $11.00 to $11.00. On average, they expect the company's share price to reach $11.00 in the next twelve months. This suggests a possible upside of 30.5% from the stock's current price. View analysts price targets for BLFY or view top-rated stocks among Wall Street analysts .

How have BLFY shares performed in 2024?

Blue Foundry Bancorp's stock was trading at $9.67 at the beginning of 2024. Since then, BLFY stock has decreased by 12.8% and is now trading at $8.43. View the best growth stocks for 2024 here .

When is Blue Foundry Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024. View our BLFY earnings forecast .

How can I listen to Blue Foundry Bancorp's earnings call?

Blue Foundry Bancorp will be holding an earnings conference call on Wednesday, April 24th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link .

How were Blue Foundry Bancorp's earnings last quarter?

Blue Foundry Bancorp (NASDAQ:BLFY) announced its quarterly earnings data on Wednesday, January, 24th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.01. The company had revenue of $20.91 million for the quarter, compared to analysts' expectations of $9.66 million. Blue Foundry Bancorp had a negative net margin of 9.14% and a negative trailing twelve-month return on equity of 2.02%. During the same period last year, the firm earned $0.02 earnings per share.

When did Blue Foundry Bancorp IPO?

Blue Foundry Bancorp (BLFY) raised $278 million in an 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?

Blue Foundry Bancorp's stock is owned by a number of institutional and retail investors. Top institutional investors include Park Avenue Securities LLC (0.22%). Insiders that own company stock include Alexander Agnoletto , Brent Michael Ciurlino , Elizabeth Marie Miller , James D Nesci , Jason M Goldberg, Jonathan M Shaw , Margaret Letsche, Michele Dowling Johnson , Patrick H Kinzler , Robert Rowe and Robert Thomas Goldstein . 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 .

NASDAQ:BLFY

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

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Free BLFY Stock Alerts

$8.43

+0.41 (+5.11%)

(As of 04/19/2024 ET)

Compare

Today's Range: $7.99
▼
$8.47
50-Day Range: $7.92
▼
$9.57
52-Week Range: $7.08
▼
$10.80

Volume: 104,611 shs
Average Volume: 54,212 shs
Market Capitalization: $201.73 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $11.00

Get Blue Foundry Bancorp alerts:

Blue Foundry Bancorp MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 30.5% Upside
$11.00 Price Target
Short Interest: Bearish
2.72% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.21
Based on 3 Articles This Week
Insider Trading: Selling Shares
$25,875 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.77) to ($0.42) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.33 out of 5 stars

Finance Sector

736th out of 845 stocks

Savings Institutions, Except Federal Industry

15th out of 18 stocks

3.0

Analyst's Opinion

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, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Blue Foundry Bancorp has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
2.72% 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 10.6, which indicates bearish sentiment.
Change versus previous month
Short interest in Blue Foundry Bancorp has recently decreased by 2.78%, indicating that investor sentiment is improving.

0.0

Dividend Strength

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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BLFY.

1.0

News and Social Media Coverage

News Sentiment
Blue Foundry Bancorp has a news sentiment score of -0.21. 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 0.59 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Blue Foundry Bancorp this week, compared to 0 articles on an average week.

1.7

Company Ownership

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 $25,875.00 in company stock.
Percentage Held by Insiders
Only 1.21% 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.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Blue Foundry Bancorp are expected to grow in the coming year, from ($0.77) to ($0.42) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Blue Foundry Bancorp is -26.34, 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 -26.34, 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 0.59. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Blue Foundry Bancorp Stock (NASDAQ:BLFY)

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.

BLFY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BLFY Stock News Headlines

April 17, 2024 | finance.yahoo.com

Institutional owners may take dramatic actions as Blue Foundry Bancorp's (NASDAQ:BLFY) recent 12% drop adds to one-year losses

April 17, 2024 | americanbankingnews.com

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

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

April 14, 2024 | fool.com

Blue Foundry Bancorp (NASDAQ: BLFY)

April 10, 2024 | globenewswire.com

Blue Foundry Bancorp Schedules First Quarter 2024 Earnings Conference Call

February 27, 2024 | globenewswire.com

Blue Foundry Bancorp Announces Adoption of Fourth Stock Repurchase Program

February 24, 2024 | msn.com

Blue Foundry Bancorp (BLFY) Price Target Increased by 5.26% to 10.20

January 31, 2024 | msn.com

Blue Foundry Announces Executive Elizabeth Miller’s Resignation

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

January 25, 2024 | finance.yahoo.com

Blue Foundry Bancorp (NASDAQ:BLFY) Q4 2023 Earnings Call Transcript

January 24, 2024 | finance.yahoo.com

Blue Foundry Bancorp (BLFY) Faces Net Loss in 2023 Amid Industry Challenges

January 24, 2024 | finance.yahoo.com

Blue Foundry Bancorp (BLFY) Reports Q4 Loss, Tops Revenue Estimates

January 23, 2024 | benzinga.com

A Preview Of Blue Foundry's Earnings

January 10, 2024 | finance.yahoo.com

Blue Foundry Bancorp Schedules Fourth Quarter & Year-End 2023 Earnings Conference Call

November 1, 2023 | finance.yahoo.com

Analysts Just Shaved Their Blue Foundry Bancorp (NASDAQ:BLFY) Forecasts Dramatically

October 26, 2023 | finance.yahoo.com

Blue Foundry Bancorp (NASDAQ:BLFY) Q3 2023 Earnings Call Transcript

October 25, 2023 | msn.com

Blue Foundry Bancorp GAAP EPS of -$0.06 beats by $0.06, revenue of $10.25M misses by $0.52M

October 25, 2023 | finance.yahoo.com

Blue Foundry Bancorp Reports Third Quarter 2023 Results

October 25, 2023 | gurufocus.com

Blue Foundry Bancorp Reports Q3 2023 Results: Net Loss of $1.4 Million

October 11, 2023 | finance.yahoo.com

Blue Foundry Bancorp Schedules Third Quarter 2023 Earnings Conference Call

September 14, 2023 | msn.com

Bank with Blue Foundry Bank and Take Advantage of a $1,000 CASH BONUS offer for Businesses

September 6, 2023 | finance.yahoo.com

With 52% institutional ownership, Blue Foundry Bancorp (NASDAQ:BLFY) is a favorite amongst the big guns

August 24, 2023 | finance.yahoo.com

Blue Foundry Bancorp Announces Adoption of Third Stock Repurchase Program

August 18, 2023 | markets.businessinsider.com

Piper Sandler Sticks to Their Hold Rating for Blue Foundry (BLFY)

July 27, 2023 | finance.yahoo.com

Blue Foundry Bancorp (NASDAQ:BLFY) Q2 2023 Earnings Call Transcript

July 27, 2023 | finance.yahoo.com

Several Insiders Invested In Blue Foundry Bancorp Flagging Positive News

July 26, 2023 | finance.yahoo.com

Blue Foundry Bancorp Reports Second Quarter 2023 Results

See More Headlines

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Company Calendar

Last Earnings: 1/24/2024
Today: 4/20/2024
Next Earnings (Confirmed): 4/24/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: Savings institutions, except federal
Sub-Industry: N/A
Current Symbol: NASDAQ:BLFY
CUSIP: N/A
CIK: 1846017
Web: www.bluefoundrybank.com
Phone: 201-939-5000
Fax: N/A
Employees: 198
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $11.00
High Stock Price Target: $11.00
Low Stock Price Target: $11.00
Potential Upside/Downside: +30.5%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.32)
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: -9.14%
Pretax Margin: -9.14%
Return on Equity: -2.02%
Return on Assets: -0.36%

Debt

Debt-to-Equity Ratio: 1.12
Current Ratio: 1.29
Quick Ratio: 1.29

Sales & Book Value

Annual Sales: $80.91 million
Price / Sales: 2.49
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $14.27 per share
Price / Book: 0.59

Miscellaneous

Outstanding Shares: 23,930,000
Free Float: 23,641,000
Market Cap: $201.73 million
Optionable: Optionable
Beta: 0.49

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Key Executives

Mr. James D. Nesci (Age 52)
President, CEO & Director
Comp: $1.24M
Ms. Kelly Pecoraro (Age 55)
Executive VP & CFO
Comp: $342.44k
Mr. Jason M. Goldberg (Age 49)
Executive VP & Chief Lending Officer
Comp: $486.72k
Mr. Aleksander Malkiman (Age 49)
Executive VP & Chief Technology Officer
Ms. Elyse D. Beidner (Age 70)
Executive VP & Chief Legal Officer
Ms. Acela Roselle (Age 63)
Executive VP & Human Resources Director
Mr. Thomas R. Packwood (Age 58)
Senior VP & Chief Audit Executive
Mr. Robert C. Rowe (Age 63)
Executive VP & Chief Risk Officer
Mr. Alex Agnoletto (Age 32)
VP & Controller

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BLFY Stock Analysis - Frequently Asked Questions

Should I buy or sell Blue Foundry Bancorp stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Blue Foundry Bancorp in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BLFY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BLFY, but not buy additional shares or sell existing shares.
View BLFY analyst ratings or view top-rated stocks.
What is Blue Foundry Bancorp's stock price target for 2024?: 1 brokerages have issued 12 month price objectives for Blue Foundry Bancorp's stock. Their BLFY share price targets range from $11.00 to $11.00. On average, they expect the company's share price to reach $11.00 in the next twelve months. This suggests a possible upside of 30.5% from the stock's current price.
View analysts price targets for BLFY or view top-rated stocks among Wall Street analysts.
How have BLFY shares performed in 2024?: Blue Foundry Bancorp's stock was trading at $9.67 at the beginning of 2024. Since then, BLFY stock has decreased by 12.8% and is now trading at $8.43.
View the best growth stocks for 2024 here.
When is Blue Foundry Bancorp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our BLFY earnings forecast.
How can I listen to Blue Foundry Bancorp's earnings call?: Blue Foundry Bancorp will be holding an earnings conference call on Wednesday, April 24th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Blue Foundry Bancorp's earnings last quarter?: Blue Foundry Bancorp (NASDAQ:BLFY) announced its quarterly earnings data on Wednesday, January, 24th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.01. The company had revenue of $20.91 million for the quarter, compared to analysts' expectations of $9.66 million. Blue Foundry Bancorp had a negative net margin of 9.14% and a negative trailing twelve-month return on equity of 2.02%. During the same period last year, the firm earned $0.02 earnings per share.
When did Blue Foundry Bancorp IPO?: Blue Foundry Bancorp (BLFY) raised $278 million in an 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?: Blue Foundry Bancorp's stock is owned by a number of institutional and retail investors. Top institutional investors include Park Avenue Securities LLC (0.22%). Insiders that own company stock include Alexander Agnoletto, Brent Michael Ciurlino, Elizabeth Marie Miller, James D Nesci, Jason M Goldberg, Jonathan M Shaw, Margaret Letsche, Michele Dowling Johnson, Patrick H Kinzler, Robert Rowe and Robert Thomas Goldstein.
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.

This page (NASDAQ:BLFY) was last updated on 4/20/2024 by MarketBeat.com Staff

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

Blue Foundry Bancorp MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Blue Foundry Bancorp Stock (NASDAQ:BLFY)

BLFY Stock Price History

BLFY Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

BLFY Stock Analysis - Frequently Asked Questions

Overall MarketRank^™