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.

Open

11.04

Mkt cap

255M

Volume

High

11.18

P/E Ratio

-19.96

52-wk high

11.48

Low

11.04

Div yield

N/A

52-wk low

7.90

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

Blue Foundry (NASDAQ:BLFY) is expected to release its quarterly earnings report on January 24, 2024, with an estimated EPS of $-0.15. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, the company's stock price has reacted to past earnings performances, with a 5.76% increase after beating EPS last quarter. Over the past 52 weeks, BLFY shares have declined by 20.16%, indicating potential concern among long-term shareholders ahead of the earnings release.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 7:02 pm

Blue Foundry (NASDAQ:BLFY) reported Q3 losses of $(0.06) per share, beating the analyst consensus estimate of $(0.11) by 45.45%. However, the company's quarterly sales of $10.24 million missed the analyst consensus estimate of $10.77 million by 4.87%. This represents a 29.90% decrease in sales compared to the same period last year.

Portfolio Pulse from bharat@benzinga.com

October 25, 2023 | 12:16 pm

The article lists four financial stocks that are currently oversold and may present buying opportunities. These include Block, Inc. (SQ), Blue Foundry Bancorp (BLFY), Atlanticus Holdings Corporation (ATLC), and Katapult Holdings, Inc. (KPLT). All four stocks have an RSI value below 30, indicating they are oversold. The companies have also been the subject of recent analyst ratings and corporate actions.

Portfolio Pulse from Lisa Levin

September 20, 2023 | 1:30 pm

Blue Foundry Bancorp has adopted a stock repurchase program to buy back up to 1.26 million shares, representing 5% of its outstanding common stock. This is the company's third repurchase program since its mutual-to-stock conversion and related stock offering in July 2021.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 8:38 pm

Keefe, Bruyette & Woods analyst Christopher O'Connell maintains a 'Market Perform' rating on Blue Foundry (NASDAQ:BLFY) and raises the price target from $8.5 to $9.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 5:30 pm

Blue Foundry (NASDAQ:BLFY) reported Q2 earnings per share of $(0.08), beating the analyst consensus estimate of $(0.11) by 27.27%. However, the company's quarterly sales of $11.29 million missed the analyst consensus estimate of $11.67 million by 3.29%, marking a 17.36% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 12:18 pm

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