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

Blue Foundry Bancorp (NASDAQ:BLFY) will be announcing its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of ($0.20) per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Blue Foundry Bancorp (NASDAQ:BLFY) last announced its quarterly earnings results on Wednesday, January 24th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.01. The business had revenue of $20.91 million for the quarter, compared to the consensus estimate of $9.66 million. Blue Foundry Bancorp had a negative return on equity of 2.02% and a negative net margin of 9.14%. During the same quarter last year, the business posted $0.02 EPS. On average, analysts expect Blue Foundry Bancorp to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Blue Foundry Bancorp Trading Down 4.6 %

Shares of NASDAQ BLFY opened at $7.92 on Wednesday. The company has a market cap of $192.77 million, a price-to-earnings ratio of -24.75 and a beta of 0.49. Blue Foundry Bancorp has a 12-month low of $7.08 and a 12-month high of $10.80. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.12. The stock’s 50 day simple moving average is $9.03 and its 200 day simple moving average is $8.99.

Wall Street Analyst Weigh In

Separately, Piper Sandler raised their price target on Blue Foundry Bancorp from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th.

Insider Buying and Selling at Blue Foundry Bancorp

In other Blue Foundry Bancorp news, Director Margaret Letsche sold 2,567 shares of Blue Foundry Bancorp stock in a transaction on Friday, January 26th. The stock was sold at an average price of $10.08, for a total transaction of $25,875.36. Following the sale, the director now owns 61,610 shares of the company’s stock, valued at approximately $621,028.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.21% of the stock is owned by company insiders.

Institutional Trading of Blue Foundry Bancorp

Hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its position in shares of Blue Foundry Bancorp by 3.6% during the 2nd quarter. Renaissance Technologies LLC now owns 34,900 shares of the company’s stock valued at $353,000 after purchasing an additional 1,200 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Blue Foundry Bancorp by 8.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 22,756 shares of the company’s stock worth $230,000 after acquiring an additional 1,758 shares during the last quarter. UBS Group AG grew its holdings in shares of Blue Foundry Bancorp by 24.9% in the 1st quarter. UBS Group AG now owns 9,259 shares of the company’s stock worth $88,000 after acquiring an additional 1,843 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Blue Foundry Bancorp by 180.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,965 shares of the company’s stock worth $25,000 after acquiring an additional 1,907 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Blue Foundry Bancorp by 2.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 74,224 shares of the company’s stock worth $1,006,000 after acquiring an additional 1,956 shares during the last quarter. Institutional investors own 56.52% of the company’s stock.

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.