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Blue Foundry (BLFY)
NASDAQ:BLFY
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Blue Foundry
(NASDAQ:BLFY)
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Rating:61Neutral
Price Target:
$12.50
▼(-1.88% Downside)
Blue Foundry's overall stock score is driven by strong technical indicators and a positive corporate event, despite challenges in financial performance and valuation. The merger with Fulton Financial is a strategic positive, but financial losses and cash flow issues weigh on the score.
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.
Revenue Growth
Consistent revenue growth indicates strong demand for Blue Foundry's financial services, supporting long-term business sustainability.
Strong Capital Position
A strong capital position provides financial stability and flexibility, enabling strategic investments and resilience against economic downturns.
Negative Factors
Profitability Challenges
Ongoing profitability challenges, as evidenced by net losses, may hinder long-term financial health and investment capacity.
Nonperforming Loans Increase
Rising nonperforming loans can strain financial resources and indicate potential credit risk, affecting future profitability.
Cash Flow Issues
Negative cash flow generation can limit operational flexibility and investment in growth initiatives, impacting long-term viability.
Blue Foundry (BLFY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$264.50M
Dividend YieldN/A
Average Volume (3M)47.44K
Price to Earnings (P/E)―
Beta (1Y)0.99
Revenue Growth9.02%
EPS Growth17.85%
CountryUS
Employees184
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)-0.10
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 Cap1.95
Enterprise Value/Revenue7.44
Enterprise Value/Gross Profit15.74
Enterprise Value/Ebitda-87.83
Forecast
1Y Price Target
$10.00Price Target Upside-21.51% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Blue Foundry Business Overview & Revenue Model
Company DescriptionBlue 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 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. As of December 31, 2021, it operated 17 full-service branch offices located in northern 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.
How the Company Makes MoneyBlue 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. Additionally, BLFY charges fees for payment processing services, transaction fees, and account maintenance, which contribute to its overall income. Strategic partnerships with technology providers and financial institutions enhance its service offerings and customer acquisition, further driving revenue growth. The company may also explore additional revenue streams through subscription models for premium services or value-added features within its digital banking platform.
Blue Foundry Earnings Call Summary
Earnings Call Date:Oct 29, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Jan 28, 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.Q3-2025 Updates
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.
Net Interest Margin Expansion
Net interest margin expanded by 6 basis points to 2.34%, supported by a 9 basis point increase in asset yields and a 4 basis point reduction in the cost of liabilities.
Strong Capital Position
Tangible equity to tangible assets stood at 14.58%, with capital ratios among the highest in the industry.
Increase in Tangible Book Value
Tangible book value per share increased to $15.14, and over 837,000 shares were repurchased at a weighted average price below tangible book value.
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.
Increase in Nonperforming Loans
Total nonperforming loans increased to $11.4 million or 66 basis points of total loans, up from $6.3 million or 38 basis points at the prior quarter end.
Increase in Operating Expenses
Non-interest expense increased by $347,000 due to higher compensation and benefits and professional services expenses.
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
Blue Foundry shows revenue growth but struggles with profitability and cash flow. The balance sheet is strong with low leverage, but negative returns on equity and cash flow issues highlight operational inefficiencies.Income Statement
Blue Foundry's income statement shows a mixed performance. The company has experienced revenue growth, with a TTM revenue growth rate of 2.89%. However, profitability remains a challenge, as evidenced by negative net profit margins and EBIT margins over the periods. The gross profit margin has significantly declined from previous years, indicating pressure on cost management or pricing strategies. Overall, while revenue is growing, the company struggles to convert this into profit.45
Neutral
Balance Sheet
The balance sheet of Blue Foundry reflects a strong equity position with a low debt-to-equity ratio of 0.01 in the TTM period, indicating low leverage. However, the return on equity is negative, suggesting inefficiencies in generating returns from equity. The equity ratio is stable, showing a solid asset base backed by equity. The balance sheet is stable, but the company needs to improve its return on equity.60
Neutral
Cash Flow
Cash flow analysis reveals challenges in generating positive cash flows. The TTM period shows negative operating and free cash flows, with a significant decline in free cash flow growth. The operating cash flow to net income ratio is negative, indicating cash flow issues relative to reported earnings. The company needs to address its cash flow generation to improve financial health.40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 69.16M | 87.25M | 80.91M | 65.08M | 58.53M | 50.06M |
| Gross Profit | 32.71M | 40.69M | 44.16M | 55.82M | 47.26M | 23.67M |
| EBITDA | -5.86M | -8.79M | -4.53M | 5.40M | -24.38M | -37.45M |
| Net Income | -7.34M | -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 | 0.00 | 339.53M | 329.79M | 355.43M | 518.34M | 561.03M |
| Total Debt | 324.15M | 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
12.74
Price Trends
10.08
Positive
9.60
Positive
9.42
Positive
Market Momentum
0.80
Positive
77.30
Negative
49.28
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 12.74 is above the 20-day moving average (MA) of 12.33, above the 50-day MA of 10.08, and above the 200-day MA of 9.42, indicating a bullish trend. The MACD of 0.80 indicates Positive momentum. The RSI at 77.30 is Negative, neither overbought nor oversold. The STOCH value of 49.28 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | $214.68M | 17.86 | 6.63% | 3.11% | -1.45% | -31.32% | |
73 Outperform | $231.30M | 14.74 | 9.91% | 2.51% | 12.06% | 10.38% | |
70 Outperform | $205.23M | 12.84 | 8.35% | 3.49% | 5.89% | 82.82% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $214.34M | 16.45 | 7.51% | 4.47% | 9.69% | 41.26% | |
61 Neutral | $264.50M | -28.18 | -2.82% | ― | 9.02% | 17.85% | |
48 Neutral | $179.35M | -5.39 | -8.99% | 1.07% | 2.49% | -248.43% |
* Financial Sector Average
BLFY
Blue Foundry
12.84
3.08
31.56%
ATLO
Ames National
23.08
7.25
45.80%
NKSH
National Bankshares
33.87
6.95
25.82%
INBK
First Internet Bancorp
20.47
-15.78
-43.53%
FRAF
Franklin Financial Services
51.03
21.79
74.52%
EFSI
Eagle Financial Services
40.33
5.25
14.97%
Blue Foundry Corporate Events
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, expected to close in the second quarter of 2026, will expand Fulton’s presence in northern New Jersey and is anticipated to be accretive to earnings and tangible book value. The merger has been unanimously approved by both companies’ boards and is subject to customary closing conditions, including regulatory approvals and stockholder approval from Blue Foundry.
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.