Blue Foundry (BLFY)
NASDAQ:BLFY
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Blue Foundry
(NASDAQ:BLFY)
Select Model
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Rating:54Neutral
Price Target:
$13.50
▲(2.58% Upside)
Action:ReiteratedDate:01/31/26
The score is held back primarily by weak financial performance (ongoing losses and negative cash flow) and an unattractive earnings-based valuation (negative P/E). These are partially offset by constructive technical momentum (price above major moving averages with positive MACD) and a mixed-but-improving earnings call profile (better margin and growth balanced against higher nonperforming loans and continued net loss).
Positive Factors
Merger with Fulton Financial
The merger with Fulton Financial is expected to be accretive to earnings and tangible book value, enhancing market position and growth prospects.
Negative Factors
Profitability Challenges
Ongoing profitability challenges, as evidenced by net losses, may hinder long-term financial health and investment capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Merger with Fulton Financial
The merger with Fulton Financial is expected to be accretive to earnings and tangible book value, enhancing market position and growth prospects.
Read all positive factors
Blue Foundry (BLFY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$271.35M
Dividend YieldN/A
Average Volume (3M)47.44K
Price to Earnings (P/E)―
Beta (1Y)1.09
Revenue Growth9.02%
EPS Growth17.85%
CountryUS
Employees184
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)N/A
Shares Outstanding20,761,225
10 Day Avg. Volume43,066
30 Day Avg. Volume47,441
Financial Highlights & Ratios
PEG Ratio-0.23
Price to Book (P/B)0.63
Price to Sales (P/S)2.41
P/FCF Ratio42.80
Enterprise Value/Market Cap2.11
Enterprise Value/Revenue6.10
Enterprise Value/Gross Profit12.77
Enterprise Value/Ebitda-90.46
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.15
Revenue Forecast (FY)$57.85M
Blue Foundry Business Overview & Revenue Model
Company Description
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. The company offers deposits; and loans, such as one-to-four family resi...
How the Company Makes Money
Blue Foundry generates revenue through various channels, primarily by offering interest-bearing loans to SMEs, which constitute a significant portion of its earnings. The company earns interest on these loans, creating a consistent revenue stream....
Blue Foundry Earnings Call Summary
Earnings Call Date:Oct 29, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Apr 29, 2026
Earnings Call Sentiment Neutral
The earnings call reflected a mixed sentiment with significant progress in core deposits, loan growth, and net interest margin, juxtaposed against a net loss and increase in nonperforming loans and operating expenses. The bank's strong capital position and strategic initiatives toward growth are positive, yet the financial losses and increased nonperforming loans highlight areas of concern.Positive Updates
Growth in Core Deposits and Loans
Core deposits increased by $77.1 million, and loans grew by $41.9 million, including significant growth in commercial real estate and consumer loan portfolios.
Negative Updates
Net Loss for the Quarter
Reported a net loss of $1.9 million for the third quarter, an improvement from the $2 million loss in the prior quarter.
Read all updates
Q3-2025 Updates
Positive
Negative
Growth in Core Deposits and Loans
Core deposits increased by $77.1 million, and loans grew by $41.9 million, including significant growth in commercial real estate and consumer loan portfolios.
Read all positive updates
Company Guidance
During Blue Foundry Bancorp's third-quarter 2025 earnings call, President and CEO Jim Nesci outlined several key financial metrics and strategic initiatives. The company reported a quarterly net loss of $1.9 million, with a net interest income of $12.2 million, up $551,000 from the previous quarter, driven by an expansion in net interest margin by 6 basis points to 2.34%. Deposits increased by $77.1 million, while loans grew by $41.9 million, with a notable increase in the commercial real estate and consumer loan portfolios. The bank's tangible book value per share rose to $15.14, supported by share repurchases totaling 837,000 shares at an average price of $9.09 per share. Liquidity and capital remained robust, with $423 million in borrowing capacity and $178 million in unencumbered securities. The allowance for credit loss stood at 0.81% of gross loans, while total nonperforming loans increased to $11.4 million. As part of its strategic focus, the bank aims to enhance its net interest margin through anticipated downward rate movements and repricing in its loan portfolio.Blue Foundry Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
60
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 93.70M | 87.25M | 80.91M | 65.08M | 58.53M | 50.06M |
| Gross Profit | 44.73M | 40.69M | 44.16M | 55.82M | 47.26M | 23.67M |
| EBITDA | -6.32M | -8.79M | -4.53M | 5.40M | -24.38M | -37.45M |
| Net Income | -9.20M | -11.91M | -7.40M | 2.40M | -36.34M | -31.51M |
Balance Sheet | ||||||
| Total Assets | 2.16B | 2.06B | 2.04B | 2.04B | 1.91B | 1.94B |
| Cash, Cash Equivalents and Short-Term Investments | 318.03M | 339.53M | 329.79M | 355.43M | 518.34M | 561.03M |
| Total Debt | 343.98M | 364.67M | 424.28M | 337.82M | 212.20M | 354.94M |
| Total Liabilities | 1.84B | 1.73B | 1.69B | 1.65B | 1.48B | 1.74B |
| Stockholders Equity | 314.40M | 332.20M | 355.64M | 393.72M | 429.47M | 205.60M |
Cash Flow | ||||||
| Free Cash Flow | -2.65M | 4.92M | -17.69M | -2.58M | -26.04M | -8.54M |
| Operating Cash Flow | -2.55M | 5.06M | -12.12M | 2.78M | -14.14M | -1.25M |
| Investing Cash Flow | -135.42M | -30.01M | 10.30M | -306.24M | -105.33M | 101.39M |
| Financing Cash Flow | 105.95M | 21.42M | 6.66M | 151.19M | -3.52M | 92.27M |
Blue Foundry Technical Analysis
Positive
13.16
Price Trends
13.34
Negative
12.11
Positive
10.59
Positive
Market Momentum
-0.18
Negative
49.57
Neutral
72.66
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BLFY, the sentiment is Positive. The current price of 13.16 is above the 20-day moving average (MA) of 13.00, below the 50-day MA of 13.34, and above the 200-day MA of 10.59, indicating a neutral trend. The MACD of -0.18 indicates Negative momentum. The RSI at 49.57 is Neutral, neither overbought nor oversold. The STOCH value of 72.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BLFY.
Blue Foundry Risk Analysis
Blue Foundry disclosed 34 risk factors in its most recent earnings report. Blue Foundry reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Blue Foundry Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $226.66M | 10.64 | 9.91% | 2.51% | 12.06% | 10.38% | |
72 Outperform | $229.24M | 9.07 | 9.04% | 4.47% | 9.69% | 41.26% | |
71 Outperform | $244.55M | 7.86 | 9.70% | 3.49% | 5.89% | 82.82% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
58 Neutral | $186.81M | 26.01 | 6.63% | 3.11% | -1.45% | -31.32% | |
54 Neutral | $271.35M | -24.20 | -2.84% | ― | 9.02% | 17.85% | |
48 Neutral | $174.51M | -5.18 | -9.44% | 1.07% | 2.49% | -248.43% |
* Financial Sector Average
BLFY
Blue Foundry
13.07
3.76
40.39%
ATLO
Ames National
27.61
10.50
61.34%
NKSH
National Bankshares
36.01
9.63
36.50%
INBK
First Internet Bancorp
20.02
-6.57
-24.71%
FRAF
Franklin Financial Services
50.56
16.17
47.03%
EFSI
Eagle Financial Services
34.52
2.75
8.66%
Blue Foundry Corporate Events
Business Operations and StrategyM&A TransactionsShareholder Meetings
Blue Foundry Shareholders Approve Merger with Fulton Financial
Positive
Jan 30, 2026
On January 29, 2026, Blue Foundry Bancorp shareholders approved an Agreement and Plan of Merger under which Blue Foundry will merge with and into Fulton Financial Corporation, with Fulton remaining as the surviving entity. At the special meeting, ...
M&A Transactions
Blue Foundry Announces Merger with Fulton Financial
Positive
Nov 25, 2025
On November 24, 2025, Blue Foundry Bancorp and Fulton Financial Corporation announced a definitive merger agreement in which Blue Foundry will merge into Fulton in an all-stock transaction valued at approximately $243 million. This merger, expecte...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.