Blue Foundry BancorpBLFY
BLFY
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
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
40,600% more call options, than puts
Call options by funds: $407K | Put options by funds: $1K
117% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 6
13% more capital invested
Capital invested by funds: $107M [Q2] → $121M (+$13.6M) [Q3]
10% more funds holding
Funds holding: 68 [Q2] → 75 (+7) [Q3]
1.32% more ownership
Funds ownership: 49.64% [Q2] → 50.96% (+1.32%) [Q3]
8% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 24
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$11
11%
upside
Avg. target
$11
11%
upside
High target
$11
11%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Keefe, Bruyette & Woods Christopher O'Connell 70% 1-year accuracy 16 / 23 met price target | 11%upside $11 | Market Perform Maintained | 4 Dec 2024 |
Financial journalist opinion
Neutral
Zacks Investment Research
1 month ago
Blue Foundry Rewards Shareholders With New Share Repurchase Plan
BLFY announces its fifth stock repurchase plan, along with the completion of its previous program. Given its weak liquidity profile, this seems unsustainable.
Neutral
GlobeNewsWire
1 month ago
Blue Foundry Bancorp Announces Completion of Fourth Stock Repurchase Program and Adoption of Fifth Stock Repurchase Program
RUTHERFORD, N.J., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Blue Foundry Bancorp (NASDAQ: BLFY), the holding company for Blue Foundry Bank, announced that as of November 7, 2024, it had completed its fourth stock repurchase program and had adopted another program to repurchase up to 1,139,420 shares of its common stock, which is approximately 5% of its outstanding common stock. The program commenced on November 8, 2024. This is the Company's fifth stock repurchase program since completing its mutual-to-stock conversion and related stock offering in July 2021.
Neutral
Seeking Alpha
1 month ago
Blue Foundry Bancorp (BLFY) Q3 2024 Results Conference Call Transcript
Start Time: 11:00 January 1, 0000 11:23 AM ET Blue Foundry Bancorp (NASDAQ:BLFY ) Q3 2024 Results Conference Call October 23, 2024, 11:00 AM ET Company Participants James Nesci - President and CEO Kelly Pecoraro - EVP and CFO Conference Call Participants Justin Crowley - Piper Sandler Chris O'Connell - KBW Operator Good morning, and welcome to Blue Foundry Bancorp's Third 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 circumstance.
Negative
Zacks Investment Research
1 month ago
Blue Foundry Bancorp (BLFY) Reports Q3 Loss, Lags Revenue Estimates
Blue Foundry Bancorp (BLFY) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.17. This compares to loss of $0.06 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
Blue Foundry Bancorp Reports Third Quarter 2024 Results
RUTHERFORD, N.J., Oct. 23, 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 $4.0 million, or $0.19 per diluted common share, for the three months ended September 30, 2024, compared to net loss of $2.3 million, or $0.11 per diluted common share, for the three months ended June 30, 2024, and a net loss of $1.4 million, or $0.06 per diluted common share, for the three months ended September 30, 2023.
Neutral
GlobeNewsWire
2 months ago
Blue Foundry Bancorp Schedules Third Quarter 2024 Earnings Conference Call
RUTHERFORD, N.J., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Blue Foundry Bancorp (NASDAQ: BLFY) (the “Company”), the holding company for Blue Foundry Bank, announced that on the morning of Wednesday, October 23, 2024 it will release financial results for the quarter ended September 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/.
Positive
Zacks Investment Research
4 months ago
Best Momentum Stocks to Buy for August 2nd
WT, BLFY, and SVM made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 2, 2024.
Positive
Zacks Investment Research
4 months ago
Blue Foundry Bancorp (BLFY) Upgraded to Buy: What Does It Mean for the Stock?
Blue Foundry Bancorp (BLFY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Neutral
Seeking Alpha
4 months ago
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.
Negative
Zacks Investment Research
4 months ago
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.
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