Blue Foundry Bancorp (NASDAQ:BLFY) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Blue Foundry Bancorp (NASDAQ:BLFY) announced its earnings results on Wednesday. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.08, Zacks reports. The business had revenue of $21.83 million during the quarter, compared to the consensus estimate of $9.67 million. Blue Foundry Bancorp had a negative return on equity of 2.52% and a negative net margin of 10.89%. During the same period in the prior year, the company posted ($0.08) EPS.

Blue Foundry Bancorp Price Performance

NASDAQ BLFY traded up $0.47 during mid-day trading on Thursday, hitting $11.27. The stock had a trading volume of 165,598 shares, compared to its average volume of 55,168. The firm’s 50 day moving average is $9.31 and its 200 day moving average is $9.21. Blue Foundry Bancorp has a twelve month low of $7.08 and a twelve month high of $11.40. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $267.21 million, a price-to-earnings ratio of -27.00 and a beta of 0.54.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upped their target price on Blue Foundry Bancorp from $8.00 to $9.25 and gave the stock a “market perform” rating in a research note on Thursday.

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.