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, home equity, commercial real estate, multi-family, construction, commercial and industrial, and other consumer loans, as well as home equity lines of credit. It operates 16 branches in Bergen, Morris, Essex, and Passaic Counties, New Jersey. 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.
IPO Year: 2021
Exchange: NASDAQ
Website: bluefoundrybank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/17/2023 | $9.50 | Neutral | Piper Sandler |
| 1/25/2023 | Buy → Neutral | Compass Point | |
| 8/30/2022 | $13.25 | Mkt Perform | Keefe Bruyette |
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. Kenneth Grimbilas, Chairman, stated, "We are very pleased to have Mr. Kuntz join Blue Foundry's Board of Directors. His extensive knowledge and experience in financial, legal and operational matters will provide additional perspective and depth to the organization. His experience with charitable foundations will also prove to be instrumental at Blue Foundry." Mr. Kuntz most recently served as Senior Executive Vice President and Chief Adm
RUTHERFORD, N.J., Jan. 05, 2023 (GLOBE NEWSWIRE) -- Blue Foundry Bancorp (NASDAQ:BLFY) (the "Company"), announced today the appointment of Elizabeth Varki Jobes, Esq. as a Director, effective immediately. James D. Nesci, President and Chief Executive Officer stated, "We are excited to welcome Ms. Jobes to Blue Foundry's Board of Directors. Her years of combined legal and compliance experience leading large, global companies will bring additional perspective to our Board and will prove to be instrumental at Blue Foundry." Ms. Jobes serves as Senior Vice President and Global Chief Compliance Officer of Amryt Pharmaceuticals, a global commercial-stage pharmaceutical company, since 2020. Bef
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Piper Sandler initiated coverage of Blue Foundry Bancorp with a rating of Neutral and set a new price target of $9.50
Compass Point downgraded Blue Foundry Bancorp from Buy to Neutral
Keefe Bruyette initiated coverage of Blue Foundry Bancorp with a rating of Mkt Perform and set a new price target of $13.25
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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. James D. Nesci, President and Chief Executive Officer, commented, "The Company continues to maintain its strong capital position and access to liquidity. We executed on our share repu
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/. Representatives of the Company will hold a conference call for investors and analysts on Wednesday, October 23, 2024 at 11:00AM (ET) to discuss the Third Quarter 2024 Earnings. Blue Foundry Bancorp will address live questions from anal
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. James D. Nesci, President and Chief Executive Officer, commented, "Deposit growth continued in the second quarter despite the highly competitive environment in our market area. We remain focus
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/. Representatives of the Company will hold a conference call for investors and analysts on Wednesday, July 24, 2024 at 11:00AM (ET) to discuss the Second Quarter 2024 Earnings. Blue Foundry Bancorp will address live questions from analysts. Th
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. James D. Nesci, President and Chief Executive Officer, commented, "The first quarter was highlighted by significant deposit growth generated through the efforts of our staff. This grow
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/. Representatives of the Company will hold a conference call for investors and analysts on Wednesday, April 24, 2024 at 11:00AM (ET) to discuss the First Quarter 2024 Earnings. Blue Foundry Bancorp will address live questions from analysts. T
RUTHERFORD, N.J., Jan. 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 $7.4 million, or $0.31 per diluted common share, for the year ended December 31, 2023 compared to net income of $2.4 million, or $0.09 per diluted common share for the year ended December 31, 2022. The Company reported a net loss of $2.9 million, or $0.13 per diluted common share, for the three months ended December 31, 2023 compared to a net loss of $1.4 million, or $0.06 per diluted common share for the three months ended September 30, 2023, and net income of $562 thousand, or $0.02 per diluted common
RUTHERFORD, N.J., Jan. 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, January 24, 2024 it will release financial results for the quarter and year-end December 31, 2023. 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/. Representatives of the Company will hold a conference call for investors and analysts on Wednesday, January 24, 2024 at 11:00AM (ET) to discuss the Fourth Quarter and Year-End 2023 Earnings. Blue Foundry Bancorp will address live
RUTHERFORD, N.J., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Blue Foundry Bancorp (NASDAQ:BLFY) (the "Company"), the holding company for Blue Foundry Bank (the "Bank"), today reported a net loss of $1.4 million, or $0.06 per diluted common share, for the three months ended September 30, 2023, compared to net loss of $1.8 million, or $0.08 per diluted common share, for the three months ended June 30, 2023, and net income of $1.2 million for the three months ended September 30, 2022. James D. Nesci, President and Chief Executive Officer, commented, "Blue Foundry remains well capitalized with credit quality at historically stable levels. In addition to strong on-balance sheet liquidity, we have a
RUTHERFORD, N.J., Oct. 11, 2023 (GLOBE NEWSWIRE) -- Blue Foundry Bancorp (NASDAQ:BLFY) (the "Company"), the holding company for Blue Foundry Bank, announced that on the morning of Wednesday, October 25, 2023 it will release financial results for the quarter ended September 30, 2023. A copy of the earnings release will be available on the Company's website, https://ir.bluefoundrybank.com/, in the "News" section and at the SEC's website, https://www.sec.gov/. Representatives of the Company will hold a conference call for investors and analysts on Wednesday, October 25, 2023 at 11:00AM (ET) to discuss the Third Quarter 2023 Earnings. Blue Foundry Bancorp will address live questions from anal
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. James D. Nesci, President and Chief Executive Officer, commented, "The Company continues to maintain its strong capital position and access to liquidity. We executed on our share repu
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/. Representatives of the Company will hold a conference call for investors and analysts on Wednesday, October 23, 2024 at 11:00AM (ET) to discuss the Third Quarter 2024 Earnings. Blue Foundry Bancorp will address live questions from anal
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. James D. Nesci, President and Chief Executive Officer, commented, "Deposit growth continued in the second quarter despite the highly competitive environment in our market area. We remain focus
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. Kenneth Grimbilas, Chairman, stated, "We are very pleased to have Mr. Kuntz join Blue Foundry's Board of Directors. His extensive knowledge and experience in financial, legal and operational matters will provide additional perspective and depth to the organization. His experience with charitable foundations will also prove to be instrumental at Blue Foundry." Mr. Kuntz most recently served as Senior Executive Vice President and Chief Adm
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/. Representatives of the Company will hold a conference call for investors and analysts on Wednesday, July 24, 2024 at 11:00AM (ET) to discuss the Second Quarter 2024 Earnings. Blue Foundry Bancorp will address live questions from analysts. Th
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. James D. Nesci, President and Chief Executive Officer, commented, "The first quarter was highlighted by significant deposit growth generated through the efforts of our staff. This grow
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/. Representatives of the Company will hold a conference call for investors and analysts on Wednesday, April 24, 2024 at 11:00AM (ET) to discuss the First Quarter 2024 Earnings. Blue Foundry Bancorp will address live questions from analysts. T
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. Since announcing its first stock repurchase program on July 20, 2022, the Company has repurchased 5,409,022 shares. As of February 26, 2024, there were 46,736 shares remaining to be repurchased under the third plan. The fourth plan will commence immediately upon th
RUTHERFORD, N.J., Jan. 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 $7.4 million, or $0.31 per diluted common share, for the year ended December 31, 2023 compared to net income of $2.4 million, or $0.09 per diluted common share for the year ended December 31, 2022. The Company reported a net loss of $2.9 million, or $0.13 per diluted common share, for the three months ended December 31, 2023 compared to a net loss of $1.4 million, or $0.06 per diluted common share for the three months ended September 30, 2023, and net income of $562 thousand, or $0.02 per diluted common
RUTHERFORD, N.J., Jan. 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, January 24, 2024 it will release financial results for the quarter and year-end December 31, 2023. 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/. Representatives of the Company will hold a conference call for investors and analysts on Wednesday, January 24, 2024 at 11:00AM (ET) to discuss the Fourth Quarter and Year-End 2023 Earnings. Blue Foundry Bancorp will address live
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Keefe, Bruyette & Woods analyst Christopher O'Connell maintains Blue Foundry (NASDAQ:BLFY) with a Market Perform and raises the price target from $8 to $9.25.
Blue Foundry (NASDAQ:BLFY) reported quarterly losses of $(0.11) per share which beat the analyst consensus estimate of $(0.21) by 47.62 percent. This is a 37.5 percent decrease over losses of $(0.08) per share from the same period last year. The company reported quarterly sales of $10.109 million which beat the analyst consensus estimate of $9.441 million by 7.08 percent. This is a 10.43 percent decrease over sales of $11.286 million the same period last year.
Keefe, Bruyette & Woods analyst Christopher O'Connell maintains Blue Foundry (NASDAQ:BLFY) with a Market Perform and lowers the price target from $9 to $8.
Blue Foundry (NASDAQ:BLFY) reported quarterly losses of $(0.13) per share which beat the analyst consensus estimate of $(0.21) by 38.1 percent. The company reported quarterly sales of $9.868 million which beat the analyst consensus estimate of $9.168 million by 7.63 percent. This is a 20.58 percent decrease over sales of $12.425 million the same period last year.
Blue Foundry (NASDAQ:BLFY) reported quarterly losses of $(0.13) per share which beat the analyst consensus estimate of $(0.21) by 38.1 percent. This is a 160 percent decrease over losses of $(0.05) per share from the same period last year. The company reported quarterly sales of $9.87 million which beat the analyst consensus estimate of $9.17 million by 7.61 percent. This is a 20.58 percent decrease over sales of $12.43 million the same period last year.
Piper Sandler analyst Justin Crowley maintains Blue Foundry (NASDAQ:BLFY) with a Neutral and raises the price target from $10 to $11.
Blue Foundry (NASDAQ:BLFY) reported quarterly losses of $(0.13) per share which beat the analyst consensus estimate of $(0.15) by 13.33 percent. This is a 750 percent decrease over earnings of $0.02 per share from the same period last year. The company reported quarterly sales of $9.77 million which beat the analyst consensus estimate of $9.55 million by 2.28 percent. This is a 26.95 percent decrease over sales of $13.37 million the same period last year.
Companies Reporting Before The Bell • Freeport-McMoRan (NYSE:FCX) is estimated to report quarterly earnings at $0.22 per share on revenue of $5.86 billion. • General Dynamics (NYSE:GD) is estimated to report quarterly earnings at $3.68 per share on revenue of $11.37 billion. • ASML Holding (NASDAQ:ASML) is expected to report quarterly earnings at $5.27 per share on revenue of $7.53 billion. • Blue Foundry (NASDAQ:BLFY) is likely to report quarterly loss at $0.15 per share on revenue of $9.55 million. • Prosperity Bancshares (NYSE:PB) is estimated to report quarterly earnings at $1.17 per share on revenue of $280.02 million. • Progressive (NYSE:PGR) is likely to report quarterly earning
Blue Foundry (NASDAQ:BLFY) is set to give its latest quarterly earnings report on Wednesday, 2024-01-24. Here's what investors need to know before the announcement. Analysts estimate that Blue Foundry will report an earnings per share (EPS) of $-0.15. Blue Foundry bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company beat EPS by $0.05, which was followed by a 5.76% increase in t