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

Blue Foundry Bancorp (NASDAQ:BLFY) is projected to post its quarterly earnings results before the market opens on Wednesday, January 22nd. Analysts expect Blue Foundry Bancorp to post earnings of ($0.17) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Blue Foundry Bancorp (NASDAQ:BLFY) last announced its earnings results on Wednesday, October 23rd. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.02). The business had revenue of $21.92 million for the quarter, compared to the consensus estimate of $10.26 million. Blue Foundry Bancorp had a negative return on equity of 3.50% and a negative net margin of 14.14%. During the same period in the prior year, the business posted ($0.06) earnings per share. On average, analysts expect Blue Foundry Bancorp to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Blue Foundry Bancorp Trading Up 0.4 %

Shares of BLFY stock opened at $9.41 on Tuesday. The stock has a market cap of $214.55 million, a P/E ratio of -16.80 and a beta of 0.63. Blue Foundry Bancorp has a 1 year low of $7.90 and a 1 year high of $11.48. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.03. The stock has a 50 day simple moving average of $10.29 and a 200 day simple moving average of $10.33.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upped their target price on Blue Foundry Bancorp from $9.75 to $11.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

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.