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

Blue Foundry Bancorp (NASDAQ:BLFY) is scheduled to announce 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 wish to listen to the company’s conference call can do so using this link.

Blue Foundry Bancorp (NASDAQ:BLFY) last issued its quarterly earnings data on Wednesday, January 24th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.01. The firm had revenue of $20.91 million during 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 period last year, the company earned $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 Stock Performance

NASDAQ BLFY opened at $7.92 on Wednesday. The company has a market cap of $192.77 million, a P/E ratio of -24.75 and a beta of 0.49. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a 50-day moving average of $9.03 and a two-hundred day moving average of $8.99. Blue Foundry Bancorp has a 1-year low of $7.08 and a 1-year high of $10.80.

Analysts Set New Price Targets

Separately, Piper Sandler lifted their target price on Blue Foundry Bancorp from $10.00 to $11.00 and gave the company a “neutral” rating in a research 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 dated Friday, January 26th. The stock was sold at an average price of $10.08, for a total value of $25,875.36. Following the completion of the transaction, the director now directly owns 61,610 shares of the company’s stock, valued at approximately $621,028.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.21% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Blue Foundry Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in BLFY. Tower Research Capital LLC TRC grew its position in shares of Blue Foundry Bancorp by 180.2% during the third quarter. Tower Research Capital LLC TRC now owns 2,965 shares of the company’s stock worth $25,000 after buying an additional 1,907 shares in the last quarter. Citigroup Inc. purchased a new stake in Blue Foundry Bancorp during the second quarter worth approximately $74,000. Royal Bank of Canada lifted its stake in Blue Foundry Bancorp by 37.0% during the fourth quarter. Royal Bank of Canada now owns 8,825 shares of the company’s stock worth $86,000 after purchasing an additional 2,383 shares during the last quarter. Barclays PLC lifted its stake in Blue Foundry Bancorp by 519.0% during the fourth quarter. Barclays PLC now owns 6,883 shares of the company’s stock worth $88,000 after purchasing an additional 5,771 shares during the last quarter. Finally, UBS Group AG lifted its stake in Blue Foundry Bancorp by 24.9% during the first quarter. UBS Group AG now owns 9,259 shares of the company’s stock worth $88,000 after purchasing an additional 1,843 shares during the last quarter. 56.52% of the stock is owned by institutional investors and hedge funds.

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.