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Blue Foundry (BLFY)
NASDAQ:BLFY
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Blue Foundry
(NASDAQ:BLFY)
Rating:64Neutral
Price Target:
$10.00
▲(6.72% Upside)
Blue Foundry (BLFY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$201.41M
Dividend YieldN/A
Average Volume (3M)52.03K
Price to Earnings (P/E)―
Beta (1Y)0.82
Revenue Growth7.69%
EPS Growth-28.95%
CountryUS
Employees184
SectorFinancial
Sector Strength72
IndustryBanks - Regional
Share Statistics
EPS (TTM)-0.10
Shares Outstanding21,495,657
10 Day Avg. Volume36,046
30 Day Avg. Volume52,034
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 Cap2.56
Enterprise Value/Revenue5.78
Enterprise Value/Gross Profit12.49
Enterprise Value/Ebitda-59.11
Forecast
1Y Price Target
$9.75Price Target Upside4.06% Upside
Rating ConsensusHold
Number of Analyst Covering1
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 makes money through interest income from loans and mortgages, which constitutes a significant portion of its revenue. The bank earns interest from borrowers who take out various types of loans, including personal, business, and mortgage loans. Additionally, it generates revenue through fees associated with its banking products and services, such as account maintenance fees, transaction fees, and other service charges. The interest spread between what the bank earns on loans and pays on deposits is another critical source of income. The institution may also engage in investment activities and partnerships that contribute to its earnings.
Blue Foundry Earnings Call Summary
Earnings Call Date:Jul 30, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Oct 22, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted several strong financial metrics, including growth in core deposits, an improved net interest margin, and a strong capital position. However, these positive aspects were tempered by the reporting of a net loss and increased nonperforming assets. While the overall outlook suggests some optimism, particularly with expected margin improvements in 2026, the immediate challenges and losses create a balanced sentiment.Q2-2025 Updates
Positive Updates
Core Deposits and Net Interest Margin Growth
Core deposits grew by approximately 4%, contributing to a 12 basis point expansion in the net interest margin for the third consecutive quarter.
Loan Portfolio Improvements
The bank achieved 3% loan growth, with an 8 basis point improvement in loan yield. Loan production year-to-date was $180 million, with $90 million produced during the second quarter at a yield of 7%.
Shareholder Value Enhancement
Tangible book value per share increased by $0.06 to $14.87, and 406,000 shares were repurchased at a significant discount to tangible book value.
Strong Capital Position
The bank remains well-capitalized, with a tangible equity to tangible common assets ratio of 15.1%, one of the highest in the industry.
Negative Updates
Net Loss Recorded
A net loss of $2 million or $0.10 per diluted share was reported for the second quarter.
Increased Nonperforming Assets
Nonperforming assets to total assets and nonperforming loans to total loans both increased by 3 basis points.
Limited Margin Expansion Expected
Expansion in net interest margin is expected to be limited in the back half of the year, with more significant improvements anticipated in 2026.
Company Guidance
During Blue Foundry Bancorp's second quarter 2025 earnings call, the company reported a net loss of $2 million or $0.10 per diluted share, with a $735,000 improvement compared to the previous quarter. The bank achieved approximately 3% loan growth, supported by $29 million in deposit growth, including a nearly 4% increase in core deposits. The net interest margin expanded by 12 basis points, aided by an 8 basis point increase in loan yield and a 13 basis point reduction in deposit costs. Year-to-date loan production totaled $180 million, with $90 million produced in the second quarter at a weighted average yield of 7%. The bank's tangible book value per share increased to $14.87, up $0.06 from the prior quarter, and the tangible equity to tangible common assets ratio was among the highest in the industry at 15.1%. The allowance for credit losses to total loans was 80 basis points, and nonperforming assets to total assets increased by 3 basis points. The bank repurchased 406,000 shares at a weighted average price of $9.42, a significant discount to its tangible book value. The bank remains focused on portfolio diversification and enhancing shareholder value through disciplined capital management.Blue Foundry Financial Statement Overview
Summary
Blue Foundry shows a mixed financial performance, with modest revenue growth and strong gross profit margins. However, negative net profit margins and operational inefficiencies are concerning. The balance sheet's moderate leverage and improved cash flow conversion are positives, but the low equity ratio poses a long-term risk.Income Statement
Blue Foundry's TTM revenue shows a modest growth rate of 2.08% compared to the previous year. The gross profit margin remains strong at 46.29%, indicating efficient cost management. However, the net profit margin is concerning at -13.21%, due to persistent negative EBIT and EBITDA margins of -13.21% and -9.78%, respectively, reflecting ongoing operational challenges.65
Positive
Balance Sheet
The debt-to-equity ratio stands at 1.10, highlighting moderate leverage. The equity ratio of 15.61% suggests the company is capitalized more by liabilities than equity, posing potential risk. Return on equity is negative at -3.60%, reflecting the company's struggle to generate profit from shareholders' investments.58
Neutral
Cash Flow
Blue Foundry's cash flow performance shows improvement, with a free cash flow to net income ratio of 0.50 and an operating cash flow to net income ratio of 0.52, indicating a solid conversion of earnings into cash. Free cash flow grew by 20.52%, showcasing enhanced cash management despite negative operating cash flows in prior years.70
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 89.06M | 87.25M | 80.91M | 65.08M | 58.53M | 50.06M |
| Gross Profit | 41.23M | 40.69M | 44.16M | 55.82M | 47.26M | 23.67M |
| EBITDA | -8.71M | -8.79M | -4.53M | 5.40M | -24.38M | -37.45M |
| Net Income | -11.76M | -11.91M | -7.40M | 2.40M | -36.34M | -31.51M |
Balance Sheet | ||||||
| Total Assets | 2.09B | 2.06B | 2.04B | 2.04B | 1.91B | 1.94B |
| Cash, Cash Equivalents and Short-Term Investments | 332.84M | 339.53M | 329.79M | 355.43M | 518.34M | 561.03M |
| Total Debt | 358.49M | 364.67M | 424.28M | 337.82M | 212.20M | 354.94M |
| Total Liabilities | 1.77B | 1.73B | 1.69B | 1.65B | 1.48B | 1.74B |
| Stockholders Equity | 326.66M | 332.20M | 355.64M | 393.72M | 429.47M | 205.60M |
Cash Flow | ||||||
| Free Cash Flow | 5.93M | 4.92M | -17.69M | -2.58M | -26.04M | -8.54M |
| Operating Cash Flow | 6.13M | 5.06M | -12.12M | 2.78M | -14.14M | -1.25M |
| Investing Cash Flow | -82.88M | -30.01M | 10.30M | -306.24M | -105.33M | 101.39M |
| Financing Cash Flow | 69.23M | 21.42M | 6.66M | 151.19M | -3.52M | 92.27M |
Blue Foundry Technical Analysis
Positive
9.37
Price Trends
9.11
Positive
9.20
Positive
9.59
Negative
Market Momentum
0.06
Negative
60.37
Neutral
91.13
Negative
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 9.37 is above the 20-day moving average (MA) of 8.86, above the 50-day MA of 9.11, and below the 200-day MA of 9.59, indicating a neutral trend. The MACD of 0.06 indicates Negative momentum. The RSI at 60.37 is Neutral, neither overbought nor oversold. The STOCH value of 91.13 is Negative, 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
Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $225.01M | 12.61 | 11.01% | 3.34% | 2.41% | 14.29% | |
76 Outperform | $225.89M | 10.76 | 14.00% | 2.33% | 2.03% | 390.32% | |
71 Outperform | $229.95M | 20.63 | 4.59% | ― | -3.01% | 48.26% | |
69 Neutral | $213.78M | 24.44 | 7.59% | 1.34% | 1.57% | 21.30% | |
68 Neutral | $17.84B | 12.03 | 10.32% | 3.73% | 9.70% | 0.76% | |
68 Neutral | $220.72M | 35.05 | 2.70% | 3.67% | 16.39% | -72.87% | |
64 Neutral | $201.41M | ― | -3.41% | ― | 7.69% | -28.95% |
* Financial Sector Average
Performance Comparison
BLFY
Blue Foundry
9.43
-1.44
-13.25%
HWBK
Hawthorn Bancshares
33.00
10.54
46.93%
OPOF
Old Point Financial
41.84
22.94
121.38%
PVBC
Provident Bancorp
12.91
2.18
20.32%
BPRN
Bank of Princeton
33.97
-1.19
-3.38%
VABK
Virginia National Bankshares
41.30
4.86
13.34%
Blue Foundry Corporate Events
Stock BuybackBusiness Operations and Strategy
Blue Foundry Initiates Sixth Stock Repurchase Program
Positive
Jun 24, 2025
On June 23, 2025, Blue Foundry Bancorp announced the initiation of its sixth stock repurchase program, allowing the company to buy back up to 1,082,533 shares, representing approximately 5% of its outstanding common stock. The program, which started on June 20, 2025, is part of the company’s strategy to utilize capital efficiently and enhance shareholder value, following the success of previous repurchase programs where 27.3% of common shares were repurchased at a discount to tangible book value.
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.