Streetbeat News

BLFY

Blue Foundry Bancorp

https://www.bluefoundrybank.com

Industry

Banks - Regional

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. The company offers deposits; and loans, such as one-to-four family residential property, home equity, commercial real estate, multi-family, construction, commercial and industrial, and other consumer loans, as well as home equity lines of credit. As of December 31, 2021, it operated 17 full-service branch offices located in northern New Jersey. 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.

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Piper Sandler analyst Justin Crowley maintains a Neutral rating on Blue Foundry (NASDAQ:BLFY) and raises the price target from $9.5 to $12.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:49 pm

Keefe, Bruyette & Woods analyst Christopher O'Connell maintains a Market Perform rating on Blue Foundry (NASDAQ:BLFY) and raises the price target from $8 to $9.25.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 12:40 pm

Blue Foundry (NASDAQ:BLFY) reported Q2 2024 GAAP EPS of $(0.11), beating the estimate of $(0.21). Sales were $10.109M, surpassing the $9.441M estimate. Despite beating estimates, both EPS and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:24 pm

Keefe, Bruyette & Woods analyst Christopher O'Connell maintains a Market Perform rating on Blue Foundry (NASDAQ:BLFY) and lowers the price target from $9 to $8.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:14 pm

Blue Foundry (NASDAQ:BLFY) reported Q1 2024 earnings with a GAAP EPS of $(0.13), surpassing the $(0.21) estimate. Sales reached $9.868M, exceeding the $9.168M forecast but marking a 20.58% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:20 pm

Blue Foundry (NASDAQ:BLFY) reported Q1 EPS of $(0.13), surpassing the $(0.21) estimate, with sales of $9.87M exceeding the $9.17M forecast. This represents a 160% increase in losses and a 20.58% decrease in sales from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:17 pm

Blue Foundry Bancorp has announced a new stock buyback program, under which the company plans to repurchase up to 1.2 million shares. This move is part of the company's strategy to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:55 pm

Piper Sandler analyst Justin Crowley has maintained a Neutral rating on Blue Foundry (NASDAQ:BLFY) and increased the price target from $10 to $11.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:19 pm

Blue Foundry (NASDAQ:BLFY) reported Q4 EPS of $(0.13), surpassing the $(0.15) estimate, and sales of $9.77M, exceeding the $9.55M estimate. However, these figures represent a significant decrease from the previous year, with a 750% drop in EPS from $0.02 and a 26.95% decline in sales from $13.37M.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 1:20 pm

Earnings reports for January 24, 2024, are scheduled for a wide range of companies across various industries. The reports include a mix of expected profits and losses, with key players like Freeport-McMoRan, General Dynamics, ASML Holding, and Tesla among those reporting. Investors will be closely watching these earnings releases to gauge company performance and sector health.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 10:11 am

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