Stock Analysis
- United States
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- Banks
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- NasdaqGS:BLFY
Blue Foundry Bancorp First Quarter 2024 Earnings: Beats Expectations
Blue Foundry Bancorp (NASDAQ:BLFY) First Quarter 2024 Results
Key Financial Results
- Revenue: US$10.4m (down 16% from 1Q 2023).
- Net loss: US$2.84m (loss widened by 135% from 1Q 2023).
- US$0.13 loss per share (further deteriorated from US$0.048 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Blue Foundry Bancorp Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 7.6%. Earnings per share (EPS) also surpassed analyst estimates by 40%.
Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are up 4.2% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Blue Foundry Bancorp (at least 1 which makes us a bit uncomfortable), and understanding them should be part of your investment process.
Valuation is complex, but we're helping make it simple.
Find out whether Blue Foundry Bancorp is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About NasdaqGS:BLFY
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 in the United States.
Flawless balance sheet and slightly overvalued.