Blue Foundry Bancorp (BLFY) to Release Quarterly Earnings on Thursday

Blue Foundry Bancorp (NASDAQ:BLFY) is anticipated to announce its results before the market opens on Thursday, February 26th. Analysts expect the company to announce earnings of ($0.10) per share and revenue of $12.8530 million for the quarter.

Blue Foundry Bancorp Trading Down 0.4%

Blue Foundry Bancorp stock traded down $0.06 during mid-day trading on Thursday, hitting $14.05. The stock had a trading volume of 44,264 shares, compared to its average volume of 406,651. The stock has a market capitalization of $291.67 million, a PE ratio of -30.52 and a beta of 0.55. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.96. Blue Foundry Bancorp has a 12 month low of $7.61 and a 12 month high of $14.74. The stock has a 50-day simple moving average of $13.11 and a two-hundred day simple moving average of $10.58.

Hedge Funds Weigh In On Blue Foundry Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BLFY. BNP Paribas Financial Markets boosted its position in shares of Blue Foundry Bancorp by 72.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,066 shares of the company’s stock worth $37,000 after acquiring an additional 1,713 shares in the last quarter. Royal Bank of Canada raised its holdings in Blue Foundry Bancorp by 19.3% in the 4th quarter. Royal Bank of Canada now owns 4,605 shares of the company’s stock valued at $57,000 after buying an additional 744 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Blue Foundry Bancorp by 257.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,156 shares of the company’s stock worth $49,000 after purchasing an additional 3,715 shares during the last quarter. Sei Investments Co. bought a new position in shares of Blue Foundry Bancorp during the second quarter worth about $96,000. Finally, Two Sigma Investments LP acquired a new position in shares of Blue Foundry Bancorp in the 3rd quarter worth approximately $105,000. 56.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Blue Foundry Bancorp in a report on Monday, December 29th. Wall Street Zen upgraded Blue Foundry Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

About Blue Foundry Bancorp

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.