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

Blue Foundry Bancorp (NASDAQ:BLFY) announced its quarterly earnings data on Wednesday. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.04, Zacks reports. Blue Foundry Bancorp had a negative return on equity of 3.50% and a negative net margin of 14.14%.

Blue Foundry Bancorp Stock Down 0.1 %

Shares of NASDAQ BLFY opened at $9.78 on Thursday. The firm has a market cap of $222.98 million, a price-to-earnings ratio of -17.46 and a beta of 0.63. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.03. Blue Foundry Bancorp has a 52-week low of $7.90 and a 52-week high of $11.48. The business’s 50 day moving average is $10.08 and its two-hundred day moving average is $10.34.

Wall Street Analyst Weigh In

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

About Blue Foundry Bancorp

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.