Critical Contrast: Blue Foundry Bancorp (BLFY) versus Its Peers

Blue Foundry Bancorp (NASDAQ:BLFY) is one of 919 public companies in the “Banks” industry, but how does it compare to its peers? We will compare Blue Foundry Bancorp to similar businesses based on the strength of its profitability, risk, valuation, earnings, institutional ownership, dividends and analyst recommendations.

Analyst Recommendations

This is a breakdown of current recommendations and price targets for Blue Foundry Bancorp and its peers, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Blue Foundry Bancorp	1	0	0	0	1.00
Blue Foundry Bancorp Competitors	7463	30182	27751	1456	2.35

As a group, “Banks” companies have a potential upside of 16.31%. Given Blue Foundry Bancorp’s peers stronger consensus rating and higher probable upside, analysts clearly believe Blue Foundry Bancorp has less favorable growth aspects than its peers.

Volatility & Risk

Blue Foundry Bancorp has a beta of 0.55, indicating that its share price is 45% less volatile than the S&P 500. Comparatively, Blue Foundry Bancorp’s peers have a beta of 0.52, indicating that their average share price is 48% less volatile than the S&P 500.

Earnings & Valuation

This table compares Blue Foundry Bancorp and its peers gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Blue Foundry Bancorp	$49.07 million	-$11.91 million	-28.78
Blue Foundry Bancorp Competitors	$9.95 billion	$2.42 billion	17.37

Blue Foundry Bancorp’s peers have higher revenue and earnings than Blue Foundry Bancorp. Blue Foundry Bancorp is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Blue Foundry Bancorp and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Blue Foundry Bancorp	-9.82%	-2.84%	-0.44%
Blue Foundry Bancorp Competitors	15.66%	9.44%	0.93%

Institutional and Insider Ownership

56.5% of Blue Foundry Bancorp shares are held by institutional investors. Comparatively, 47.8% of shares of all “Banks” companies are held by institutional investors. 5.3% of Blue Foundry Bancorp shares are held by insiders. Comparatively, 9.8% of shares of all “Banks” companies are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Summary

Blue Foundry Bancorp peers beat Blue Foundry Bancorp on 11 of the 13 factors compared.

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. The company was formerly known as Boiling Springs Bancorp and changed its name to Blue Foundry Bancorp in July 2019. Blue Foundry Bancorp was founded in 1939 and is based in Rutherford, New Jersey.