Blue Foundry Bancorp (NASDAQ:BLFY – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.02), Yahoo Finance reports. The business had revenue of $21.92 million for the quarter, compared to analyst estimates of $10.26 million. Blue Foundry Bancorp had a negative return on equity of 2.71% and a negative net margin of 11.29%. During the same period in the prior year, the company posted ($0.06) EPS.
Blue Foundry Bancorp Stock Down 2.0 %
BLFY stock traded down $0.20 during trading on Friday, hitting $9.66. 40,112 shares of the company’s stock were exchanged, compared to its average volume of 52,552. The business has a 50-day moving average price of $10.39 and a two-hundred day moving average price of $9.71. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $229.03 million, a price-to-earnings ratio of -24.15 and a beta of 0.54. Blue Foundry Bancorp has a 52-week low of $7.23 and a 52-week high of $11.48.
Insiders Place Their Bets
In related news, Director Robert Thomas Goldstein sold 3,500 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $10.79, for a total value of $37,765.00. Following the transaction, the director now directly owns 39,283 shares of the company’s stock, valued at $423,863.57. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.98% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
View Our Latest Research Report on BLFY
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.
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