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

Blue Foundry Bancorp (NASDAQ:BLFY) released its earnings results on Wednesday. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.04, Zacks reports. Blue Foundry Bancorp had a negative net margin of 13.65% and a negative return on equity of 3.45%.

Blue Foundry Bancorp Stock Up 1.0 %

NASDAQ:BLFY opened at $9.88 on Friday. The company’s 50-day moving average price is $10.06 and its two-hundred day moving average price is $10.34. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.23. Blue Foundry Bancorp has a 12 month low of $7.90 and a 12 month high of $11.48.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reduced their target price on Blue Foundry Bancorp from $11.00 to $10.00 and set a “market perform” rating for the company in a research report 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.