Blue Foundry Bancorp (NASDAQ:BLFY) Announces Quarterly Earnings Results

Blue Foundry Bancorp (NASDAQ:BLFY) announced its quarterly earnings results on Tuesday. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.08), FiscalAI reports. The firm had revenue of $13.28 million during the quarter, compared to the consensus estimate of $12.85 million. Blue Foundry Bancorp had a negative net margin of 9.82% and a negative return on equity of 2.84%.

Blue Foundry Bancorp Price Performance

Shares of BLFY stock traded up $0.45 during trading on Tuesday, hitting $13.24. The company had a trading volume of 717,911 shares, compared to its average volume of 236,992. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.96. The stock’s 50-day moving average is $13.40 and its two-hundred day moving average is $11.42. The stock has a market capitalization of $274.86 million, a price-to-earnings ratio of -28.78 and a beta of 0.55. Blue Foundry Bancorp has a 52 week low of $7.61 and a 52 week high of $14.74.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Blue Foundry Bancorp in a research report on Friday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Blue Foundry Bancorp presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Blue Foundry Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of BLFY. Corient Private Wealth LLC increased its holdings in shares of Blue Foundry Bancorp by 25.1% in the 4th quarter. Corient Private Wealth LLC now owns 15,765 shares of the company’s stock worth $196,000 after buying an additional 3,163 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Blue Foundry Bancorp during the 4th quarter worth $177,000. Mercer Global Advisors Inc. ADV purchased a new position in Blue Foundry Bancorp in the fourth quarter worth $160,000. Tudor Investment Corp ET AL purchased a new position in Blue Foundry Bancorp in the fourth quarter worth $1,209,000. Finally, Occudo Quantitative Strategies LP bought a new position in Blue Foundry Bancorp in the fourth quarter valued at $188,000. Hedge funds and other institutional investors own 56.52% of the company’s stock.

Blue Foundry Bancorp Company Profile

Blue Foundry Bancorp, Inc (NASDAQ: BLFY) is a bank holding company headquartered in Paramus, New Jersey, serving the Greater New York metropolitan area. Through its wholly owned subsidiary, Blue Foundry Bank, the company offers a full suite of deposit products, including personal and business checking and savings accounts, certificates of deposit, and a robust online and mobile banking platform.

In addition to deposit accounts, Blue Foundry Bancorp provides a range of lending solutions designed for both individual and commercial clients.