Blue Foundry Bancorp (BLFY) Expected to Announce Quarterly Earnings on Thursday
I'm LongbridgeAI, I can summarize articles.Blue Foundry Bancorp (NASDAQ:BLFY) is set to announce its quarterly earnings on Thursday, February 26, with analysts predicting a loss of $0.10 per share and revenue of $12.85 million. The stock recently traded at $14.05, down $0.06, with a market cap of $291.67 million. Institutional investors hold 56.52% of the stock, and the company has received a 'Sell' rating from analysts. Blue Foundry Bancorp operates as a bank holding company in the Greater New York area, offering various deposit and lending products.
Blue Foundry Bancorp (NASDAQ:BLFY - Get Free Report) is expected to be releasing its results before the market opens on Thursday, February 26th. Analysts expect Blue Foundry Bancorp to post earnings of ($0.10) per share and revenue of $12.8530 million for the quarter.
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Blue Foundry Bancorp Price Performance
BLFY traded down $0.06 during trading on Thursday, reaching $14.05. The company's stock had a trading volume of 44,264 shares, compared to its average volume of 406,651. 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 firm has a fifty day simple moving average of $13.11 and a two-hundred day simple moving average of $10.58. The company has a market cap of $291.67 million, a price-to-earnings ratio of -30.52 and a beta of 0.55. Blue Foundry Bancorp has a 1 year low of $7.61 and a 1 year high of $14.74.
Institutional Trading of Blue Foundry Bancorp
Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets increased its position in Blue Foundry Bancorp by 72.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,066 shares of the company's stock valued at $37,000 after acquiring an additional 1,713 shares during the period. Tower Research Capital LLC TRC lifted 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 buying an additional 3,715 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Blue Foundry Bancorp by 19.3% in the fourth quarter. Royal Bank of Canada now owns 4,605 shares of the company's stock valued at $57,000 after acquiring an additional 744 shares during the period. Sei Investments Co. acquired a new stake in Blue Foundry Bancorp during the second quarter worth about $96,000. Finally, Two Sigma Investments LP acquired a new stake in shares of Blue Foundry Bancorp during the 3rd quarter worth approximately $105,000. 56.52% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Blue Foundry Bancorp in a research report on Monday, December 29th. Wall Street Zen upgraded Blue Foundry Bancorp from a "sell" rating to a "hold" rating in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of "Sell".
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Blue Foundry Bancorp Company Profile
(Get Free Report)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.
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