BLFY - Blue Foundry Bancorp Stock Price, Fair Value and News

9.65USD+0.27 (+2.88%)Delayed as of 17 May 2024, 11:59 am ET

Market Summary

USD9.65+0.27

Delayedas of 17 May 2024, 11:59 am

2.88%

BLFY Stock Price

View Fullscreen

BLFY RSI Chart

BLFY Valuation

Market Cap

222.4M

Price/Earnings (Trailing)

-24.64

Price/Sales (Trailing)

2.74

EV/EBITDA

4.27

Price/Free Cashflow

-13.52

BLFY Price/Sales (Trailing)

BLFY Profitability

EBT Margin

-3.62%

Return on Equity

-2.58%

Return on Assets

-0.45%

Free Cashflow Yield

-7.4%

BLFY Fundamentals

BLFY Revenue

Revenue (TTM)

81.1M

Rev. Growth (Yr)

10.67%

Rev. Growth (Qtr)

2.49%

BLFY Earnings

Earnings (TTM)

-9.0M

Earnings Growth (Yr)

-134.82%

Earnings Growth (Qtr)

3.14%

Breaking Down BLFY Revenue

52 Week Range

8.0010.80

(Low)(High)

Last 7 days

0.8%

Last 30 days

18.3%

Last 90 days

-0.3%

Trailing 12 Months

4.2%

How does BLFY drawdown profile look like?

BLFY Financial Health

BLFY Investor Care

Buy Backs (1Y)

10.34%

Diluted EPS (TTM)

-0.4

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	81.1M	0	0	0
2023	67.7M	72.5M	76.3M	79.1M
2022	55.7M	56.8M	59.1M	62.4M
2021	59.1M	57.1M	56.0M	56.1M
2020	0	0	0	61.6M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Blue Foundry Bancorp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 06, 2024	pecoraro kelly	sold (taxes)	-24,874	8.98	-2,770	evp and cfo
Mar 06, 2024	packwood thomas	sold (taxes)	-5,262	8.98	-586	svp chief audit officer
Mar 06, 2024	malkiman aleksandr	sold (taxes)	-5,720	8.98	-637	evp and chief tech officer
Mar 06, 2024	goldberg jason m.	sold (taxes)	-14,215	8.98	-1,583	evp and chief lending officer
Mar 06, 2024	beidner elyse d.	sold (taxes)	-10,668	8.98	-1,188	evp and chief legal officer
Mar 06, 2024	roselle acela	sold (taxes)	-5,262	8.98	-586	evp/human resources director
Mar 06, 2024	rowe robert	sold (taxes)	-4,229	8.98	-471	evp and chief risk officer
Mar 06, 2024	nesci james d	sold (taxes)	-73,330	8.98	-8,166	president and ceo
Feb 01, 2024	nesci james d	acquired	-	-	57,045	president and ceo
Feb 01, 2024	goldberg jason m.	acquired	-	-	10,000	evp and chief lending officer

Which funds bought or sold BLFY recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	T. Rowe Price Investment Management, Inc.	reduced	-0.17	-894,000	25,619,000	0.02%
May 15, 2024	Royal Bank of Canada	reduced	-66.87	-58,000	28,000	-%
May 15, 2024	Voya Investment Management LLC	reduced	-13.48	-19,506	100,489	-%
May 15, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	new	-	187,200	187,200	-%
May 15, 2024	TWO SIGMA ADVISERS, LP	added	44.63	46,793	163,800	-%
May 15, 2024	Gateway Advisory, LLC	unchanged	-	-8,173	246,786	0.04%
May 15, 2024	Tower Research Capital LLC (TRC)	reduced	-89.58	-29,865	3,351	-%
May 15, 2024	MANGROVE PARTNERS IM, LLC	unchanged	-	-60,092	1,814,400	0.13%
May 15, 2024	GOLDMAN SACHS GROUP INC	added	0.08	-9,515	294,597	-%
May 15, 2024	BARCLAYS PLC	reduced	-51.77	-159,000	139,000	-%

Are Funds Buying or Selling BLFY?

Are funds buying BLFY calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own BLFY

No. of Funds

Unveiling Blue Foundry Bancorp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	driehaus capital management llc	6.81%	1,697,740	SC 13G/A
Feb 14, 2024	t. rowe price investment management, inc.	11.0%	2,741,702	SC 13G/A
Feb 13, 2024	vanguard group inc	5.25%	1,307,759	SC 13G
Feb 09, 2024	blue foundry bancorp	9.3%	2,273,299	SC 13G/A
Jan 26, 2024	blackrock inc.	7.1%	1,778,114	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	0.0%	4,367	SC 13G/A
Feb 13, 2023	driehaus capital management llc	5.37%	1,497,522	SC 13G
Feb 10, 2023	t. rowe price investment management, inc.	10.0%	2,758,144	SC 13G/A
Feb 10, 2023	t. rowe price investment management, inc.	9.9%	2,761,391	SC 13G
Feb 09, 2023	vanguard group inc	4.79%	1,335,650	SC 13G/A

Recent SEC filings of Blue Foundry Bancorp

View All Filings

Date Filed	Form Type	Document
May 16, 2024	8-K	Current Report
May 14, 2024	10-Q	Quarterly Report
Apr 24, 2024	8-K	Current Report
Apr 15, 2024	ARS	ARS
Apr 15, 2024	DEF 14A	DEF 14A
Apr 08, 2024	8-K	Current Report
Mar 27, 2024	10-K	Annual Report
Mar 08, 2024	4	Insider Trading
Mar 08, 2024	4	Insider Trading
Mar 08, 2024	4	Insider Trading

Peers (Alternatives to Blue Foundry Bancorp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	581.4B	174.7B	11.99%	46.24%	11.55	3.33	53.11%	19.83%
BAC	306.7B	137.9B	13.09%	37.28%	12.25	2.22	56.12%	-12.56%
WFC	212.8B	85.8B	8.19%	50.84%	11.34	2.48	35.02%	26.14%
C	122.4B	125.0B	12.50%	36.26%	15.31	0.98	37.85%	-
CFG	16.6B	10.4B	12.65%	38.40%	11.61	1.6	26.22%	-33.87%
KEY	14.4B	8.1B	7.74%	50.49%	16.53	1.78	32.15%	-50.93%
MID-CAP
CMA	7.2B	4.2B	8.99%	43.16%	10.4	1.7	34.68%	-45.96%
ZION	6.6B	4.1B	13.27%	70.96%	10.5	1.62	32.93%	-30.73%
ABCB	3.5B	1.3B	12.98%	57.40%	12.27	2.64	30.60%	-12.99%
ASB	3.3B	2.0B	11.41%	42.76%	20.79	1.64	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	415.3M	173.1M	13.52%	27.11%	14.24	2.4	26.54%	-34.86%
ALRS	390.4M	152.4M	-1.25%	34.56%	39.27	2.56	16.94%	-73.84%
ACNB	289.6M	98.7M	3.86%	15.94%	9.84	2.93	6.27%	-22.90%
ASRV	47.2M	62.5M	11.11%	-5.26%	-15.95	0.75	18.83%	-145.18%

Blue Foundry Bancorp News

Latest updates

Blue Foundry Bancorp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1
Revenue	2.5%	20,842,000	20,335,000	20,173,000	19,765,000	18,832,000	17,569,000	16,372,000	14,878,000	13,594,000	14,235,500	14,073,000	13,802,000	13,942,000	14,176,000	15,137,000	15,875,000	16,437,000
EBITDA Margin	-8.1%	0.49	0.53	0.61	0.70	0.78	0.85	0.75	0.74	0.69	0.64	0.52	0.48	0.46	0.45	-	-	-
Interest Expenses	2.4%	9,417,000	9,196,000	9,876,000	10,906,000	11,941,000	12,927,000	13,815,000	13,162,000	11,939,000	12,337,000	11,104,000	9,908,000	9,599,000	9,319,500	9,629,000	9,944,000	10,176,000
Income Taxes	-	-	-	-	-	-	163,000	123,000	3,000	49,000	16,103,000	-6,217,000	283,000	-551,000	-1,377,000	-1,098,000	-706,000	-4,685,000
EBT Margin	2.5%	-0.04	-0.04	-0.02	-0.02	-0.02	-0.03	-0.16	-0.16	-0.17	-0.17	-0.23	-0.23	-0.22	-0.21	-	-	-
Net Income	3.1%	-2,839,000	-2,931,000	-1,432,000	-1,825,000	-1,209,000	562,000	1,241,000	40,000	553,000	-36,342,000	-14,970,000	-1,003,000	-745,000	-1,762,500	-1,665,000	-16,744,000	-11,334,000
Net Income Margin	-19.0%	-0.11	-0.09	-0.05	-0.02	0.01	0.04	-0.58	-0.89	-0.93	-0.95	-0.33	-0.09	-0.35	-0.51	-	-	-
Free Cashflow	42.4%	-4,864,000	-8,447,000	-476,000	-2,667,000	-6,099,000	789,000	2,908,000	-5,280,000	-1,002,000	-12,678,000	-2,490,000	-9,128,000	-1,748,000	-3,222,000	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet														(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4
Assets	-0.8%	2,028	2,045	2,061	2,081	2,101	2,043	2,012	1,964	1,938	1,914	2,024	2,577	1,964	1,943
Cash Equivalents	16.8%	54.00	46.00	52.00	46.00	58.00	41.00	57.00	55.00	102	193	324	925	292	316
Net PPE	-2.4%	32.00	32.00	32.00	32.00	31.00	30.00	30.00	31.00	28.00	28.00	27.00	25.00	23.00	20.00
Liabilities	-0.7%	1,678	1,689	1,701	1,714	1,715	1,650	1,615	1,552	1,518	1,485	1,576	2,372	1,758	1,737
Shareholder's Equity	-1.5%	350	356	359	367	386	394	397	412	420	429	448	205	205	206
Retained Earnings	-1.7%	162	164	167	169	171	172	171	170	170	169	189	204	205	206
Additional Paid-In Capital	0.1%	274	274	273	272	272	279	279	282	282	282	282	1.00	1.00	1.00
Shares Outstanding	-0.7%	24.00	25.00	25.00	25.00	27.00	28.00	26.00	26.00	26.00	29.00	29.00	-	-	0.00
Float	-	-	-	-	227	-	-	-	312	-	-	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																	(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1
Cashflow From Operations	32.6%	-4,855	-7,205	776	-1,267	-4,422	1,312	3,911	-2,078	-366	-10,471	-107	-5,334	1,770	987	-199	-2,431	391
Cashflow From Investing	29.9%	26,295	20,240	20,109	7,881	-37,929	-45,362	-54,500	-78,616	-127,758	-39,114	-40,971	25,360	-50,609	45,867	103,963	11,745	-60,182
Cashflow From Financing	29.4%	-13,712	-19,417	-14,237	-18,476	58,790	27,908	53,107	33,938	36,240	-81,260	-559,722	612,931	24,528	21,476	-42,593	29,181	84,206
Buy Backs	-1.8%	5,431	5,531	2,833	18,323	9,322	7,833	7,516	-	-	-	-	-	-	-	-	-	-

Get Full Access to Grufity – and Unlimited Downloads

Gain full access to fair value, watchlists, stock screener, unlimited page visits, and additional features by joining as a member today for just $1.99.

Try For Just $1.99

BLFY Income Statement

2024-03-31

Consolidated Statements of Operations - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2024

Mar. 31, 2023

Interest and dividend income:

Loans

$ 17,192

$ 15,569

Taxable investment income

3,614

3,152

Non-taxable investment income

111

Total interest income

20,842

18,832

Interest expense:

Deposits

8,413

4,154

Borrowed funds

3,012

2,737

Total interest expense

11,425

6,891

Net interest income

9,417

11,941

Release of provision for credit losses

(535)

(23)

Net interest income after release of credit losses

9,952

11,964

Non-interest income:

Fees and service charges

329

262

Gain on sale of loans

135

Other income

Total non-interest income

451

484

Non-interest expense:

Compensation and benefits

7,549

7,847

Occupancy and equipment

2,192

1,982

Data processing

1,387

1,601

Advertising

Professional services

730

980

Federal deposit insurance premiums

199

105

Other expense

1,113

1,070

Total non-interest expenses

13,242

13,657

Loss before income tax expense

(2,839)

(1,209)

Income tax expense

Net loss

$ (2,839)

$ (1,209)

Basic loss per share (in dollars per share)

$ (0.13)

$ (0.05)

Diluted loss per share (in dollars per share)

$ (0.13)

$ (0.05)

Weighted average shares outstanding - basic (in shares)

22,095,260

25,374,095

Weighted average shares outstanding - diluted (in shares)

^[1]

22,095,260

25,374,095

[1]	The assumed vesting of outstanding restricted stock units had an antidilutive effect on diluted earnings per share due to the Company’s net loss for the 2024 and 2023 periods.

BLFY Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 53,753	$ 46,025
Securities available-for-sale, at fair value	265,191	283,766
Securities held-to-maturity, net (fair value of $28,623 at March 31, 2024 and $28,323 at December 31, 2023, and allowance for credit losses of $140 at March 31, 2024 and $158 at December 31, 2023)	33,217	33,254
FHLB stock and other investments	17,908	20,346
Loans receivable, net of allowance for credit losses of $13,749 at March 31, 2024 and $14,154 at December 31, 2023	1,540,428	1,546,576
Real estate owned, net	593	593
Interest and dividends receivable	8,001	7,595
Premises and equipment, net	31,696	32,475
Right-of-use assets	24,454	25,172
Bank owned life insurance	22,153	22,034
Other assets	30,393	27,127
Total assets	2,027,787	2,044,963
Liabilities
Deposits	1,291,184	1,244,904
Advances from the Federal Home Loan Bank	342,500	397,500
Advances by borrowers for taxes and insurance	9,368	8,929
Lease liabilities	26,081	26,777
Other liabilities	8,498	11,213
Total liabilities	1,677,631	1,689,323
Shareholders’ equity
Preferred stock, $0.01 par value, 10,000,000 authorized: none issued	0	0
Common stock $0.01 par value; 70,000,000 shares authorized; 28,522,500 shares issued at March 31, 2024 and December 31, 2023; 23,958,888 and 24,509,950 shares outstanding at March 31, 2024 and December 31, 2023, respectively	285	285
Additional paid-in capital	274,327	273,991
Retained earnings	161,501	164,340
Treasury stock, at cost: 4,563,612 and 4,012,550 shares at March 31, 2024 and December 31, 2023, respectively	(44,930)	(40,016)
Unallocated common shares held by Employee Stock Ownership Plan	(19,852)	(20,080)
Accumulated other comprehensive loss	(21,175)	(22,880)
Total shareholders’ equity	350,156	355,640
Total liabilities and shareholders’ equity	$ 2,027,787	$ 2,044,963

About Blue Foundry Bancorp

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. It offers deposits; and loans, such as one-to-four family residential property, multi-family, non-residential real estate, construction, consumer, and commercial and industrial loans, as well as junior liens and home equity lines of credit. The company was formerly known as Boiling Springs Bancorp and changed its name to Blue Foundry Bancorp in July 2019. Blue Foundry Bancorp was founded in 1939 and is based in Rutherford, New Jersey.

CEO	Mr. James D. Nesci
WEBSITE	bluefoundrybank.com
INDUSTRY	Banks Diversified
EMPLOYEES	198

Blue Foundry Bancorp Frequently Asked Questions

What is the ticker symbol for Blue Foundry Bancorp? What does BLFY stand for in stocks?

BLFY is the stock ticker symbol of Blue Foundry Bancorp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Blue Foundry Bancorp (BLFY)?

As of Thu May 16 2024, market cap of Blue Foundry Bancorp is 222.39 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of BLFY stock?

You can check BLFY's fair value in chart for subscribers.

What is the fair value of BLFY stock?

You can check BLFY's fair value in chart for subscribers. The fair value of Blue Foundry Bancorp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Blue Foundry Bancorp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for BLFY so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Blue Foundry Bancorp a good stock to buy?

The fair value guage provides a quick view whether BLFY is over valued or under valued. Whether Blue Foundry Bancorp is cheap or expensive depends on the assumptions which impact Blue Foundry Bancorp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for BLFY.

What is Blue Foundry Bancorp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu May 16 2024, BLFY's PE ratio (Price to Earnings) is -24.64 and Price to Sales (PS) ratio is 2.74. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. BLFY PE ratio will change depending on the future growth rate expectations of investors.