Blue Foundry Bancorp
BLFY

$11.40

1.15%

Market Cap: 270M

About: Blue Foundry Bancorp is a full-service bank. Its business consists of originating one-to-four-family residential, multi-family, and non-residential real estate mortgages, home equity loans and lines of credit, and commercial and industrial loans. It attracts retail deposits from the general public in the areas surrounding its banking offices, through its borrowers, and through its online presence, offering a wide variety of deposit products. The bank also invests in securities. Its revenues are derived from interest on loans and, to a lesser extent, interest on mortgage-backed and other investment securities. The company's sources of funds are deposits, principal, and interest payments on loans, securities, and borrowings from the Federal Home Loan Bank of New York.

Employees: 179

Financials Savings Institutions, Not Federally Chartered

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

0

News positive %

of 5 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

0.13% less ownership

Funds ownership: 47.3% [Q4 2023] → 47.18% (-0.13%) [Q1 2024]

3% less capital invested

Capital invested by funds: $114M [Q4 2023] → $110M (-$3.94M) [Q1 2024]

3% less funds holding

Funds holding: 69 [Q4 2023] → 67 (-2) [Q1 2024]

29% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 7

29% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 24

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Research analyst outlook

2 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$8

30%

downside

Avg. target

$8.63

24%

downside

High target

$9.25

19%

downside

2 analyst ratings

0 positive

0%

2 neutral

100%

0 negative

0%

Keefe, Bruyette & Woods Christopher O'Connell	19%downside $9.25	Market Perform Maintained	25 Jul 2024
Keefe, Bruyette & Woods Christopher O'Connell	30%downside $8	Market Perform Maintained	25 Apr 2024

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Financial journalist opinion

Based on 5 articles about BLFY published over the past 30 days

Blue Foundry Bancorp (BLFY) Q2 2024 Earnings Call Transcript

Blue Foundry Bancorp (NASDAQ:BLFY ) Q2 2024 Earnings Conference Call July 24, 2024 11:00 AM ET Company Participants James Nesci - President and Chief Executive Officer Kelly Pecoraro - Executive Vice President and Chief Financial Officer Conference Call Participants Justin Crowley - Piper Sandler Christopher O'Connell - KBW Operator Good morning and welcome to Blue Foundry Bancorp's Second Quarter 2024 Earnings Call. Comments made during today's call may include forward-looking statements, which are based on management's current expectations and are subject to uncertainty and changes in circumstances.

Blue Foundry Bancorp (BLFY) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Blue Foundry Bancorp (BLFY) Reports Q2 Loss, Tops Revenue Estimates

Blue Foundry Bancorp (BLFY) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to loss of $0.08 per share a year ago.

Blue Foundry Bancorp (BLFY) Reports Q2 Loss, Tops Revenue Estimates

Blue Foundry Bancorp Reports Second Quarter 2024 Results

RUTHERFORD, N.J., July 24, 2024 (GLOBE NEWSWIRE) -- Blue Foundry Bancorp (NASDAQ:BLFY) (the “Company”), the holding company for Blue Foundry Bank (the “Bank”), today reported a net loss of $2.3 million, or $0.11 per diluted common share, for the three months ended June 30, 2024, compared to net loss of $2.8 million, or $0.13 per diluted common share, for the three months ended March 31, 2024, and a net loss of $1.8 million, or $0.08 per diluted common share, for the three months ended June 30, 2023.

Blue Foundry Bancorp Reports Second Quarter 2024 Results

Seasoned Leader Brings Decades of Legal, Administrative and Corporate Expertise to the Board

RUTHERFORD, N.J., July 23, 2024 (GLOBE NEWSWIRE) -- Blue Foundry Bancorp (Nasdaq: BLFY) (the “Company”), announced today the appointment of John F. Kuntz, Esq. as a Director of both the Company and its subsidiary, Blue Foundry Bank, effective immediately.

Seasoned Leader Brings Decades of Legal, Administrative and Corporate Expertise to the Board

Blue Foundry Bancorp Schedules Second Quarter 2024 Earnings Conference Call

RUTHERFORD, N.J., July 10, 2024 (GLOBE NEWSWIRE) -- Blue Foundry Bancorp (NASDAQ: BLFY) (the “Company”), the holding company for Blue Foundry Bank, announced that on the morning of Wednesday, July 24, 2024 it will release financial results for the quarter ended June 30, 2024. A copy of the earnings release will be available on the Company's website, https://ir.bluefoundrybank.com/ , in the “News” section and on the SEC's website, https://www.sec.gov/.

Blue Foundry Bancorp Schedules Second Quarter 2024 Earnings Conference Call

Blue Foundry Bancorp (BLFY) Q1 2024 Earnings Call Transcript

Blue Foundry Bancorp (BLFY) Q1 2024 Earnings Call Transcript

Blue Foundry Bancorp (BLFY) Q1 2024 Earnings Call Transcript

Zacks Investment Research

Blue Foundry Bancorp (BLFY) Reports Q1 Loss, Tops Revenue Estimates

Blue Foundry Bancorp (BLFY) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.05 per share a year ago.

Blue Foundry Bancorp (BLFY) Reports Q1 Loss, Tops Revenue Estimates

Blue Foundry Bancorp Reports First Quarter 2024 Results

RUTHERFORD, N.J., April 24, 2024 (GLOBE NEWSWIRE) -- Blue Foundry Bancorp (NASDAQ:BLFY) (the “Company”), the holding company for Blue Foundry Bank (the “Bank”), today reported a net loss of $2.8 million, or $0.13 per diluted common share, for the three months ended March 31, 2024, compared to net loss of $2.9 million, or $0.13 per diluted common share, for the three months ended December 31, 2023, and a net loss of $1.2 million, or $0.05 per diluted common share, for the three months ended March 31, 2023.

Blue Foundry Bancorp Reports First Quarter 2024 Results

Blue Foundry Bancorp Schedules First Quarter 2024 Earnings Conference Call

RUTHERFORD, N.J., April 10, 2024 (GLOBE NEWSWIRE) -- Blue Foundry Bancorp (NASDAQ: BLFY) (the “Company”), the holding company for Blue Foundry Bank, announced that on the morning of Wednesday, April 24, 2024 it will release financial results for the quarter ended March 31, 2024. A copy of the earnings release will be available on the Company's website, https://ir.bluefoundrybank.com/ , in the “News” section and on the SEC's website, https://www.sec.gov/.

Blue Foundry Bancorp Schedules First Quarter 2024 Earnings Conference Call

Blue Foundry Bancorp Announces Adoption of Fourth Stock Repurchase Program

RUTHERFORD, N.J., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Blue Foundry Bancorp (NASDAQ: BLFY), the holding company for Blue Foundry Bank, announced that it has adopted a program to repurchase up to 1,203,545 shares of its common stock, which is approximately 5% of its outstanding common stock. This is the Company's fourth stock repurchase program since completing its mutual-to-stock conversion and related stock offering in July 2021.

Blue Foundry Bancorp Announces Adoption of Fourth Stock Repurchase Program

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