Short Interest in Blue Foundry Bancorp (NASDAQ:BLFY) Decreases By 6.6%

Blue Foundry Bancorp (NASDAQ:BLFY) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 405,300 shares, a decline of 6.6% from the December 15th total of 434,100 shares. Based on an average daily trading volume, of 53,800 shares, the days-to-cover ratio is currently 7.5 days. Currently, 2.0% of the shares of the stock are short sold.

Blue Foundry Bancorp Trading Up 0.4 %

Blue Foundry Bancorp stock opened at $9.41 on Monday. The stock has a market cap of $214.55 million, a PE ratio of -16.80 and a beta of 0.63. The stock has a 50-day moving average price of $10.32 and a 200 day moving average price of $10.33. Blue Foundry Bancorp has a 52 week low of $7.90 and a 52 week high of $11.48. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.03.

Blue Foundry Bancorp (NASDAQ:BLFY) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.02). The company had revenue of $21.92 million for the quarter, compared to analysts’ expectations of $10.26 million. Blue Foundry Bancorp had a negative return on equity of 3.50% and a negative net margin of 14.14%. During the same quarter in the prior year, the business posted ($0.06) EPS. Equities research analysts predict that Blue Foundry Bancorp will post -0.6 earnings per share for the current fiscal year.

Institutional Trading of Blue Foundry Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in Blue Foundry Bancorp by 72.3% in the 3rd quarter. FMR LLC now owns 6,482 shares of the company’s stock valued at $66,000 after buying an additional 2,720 shares during the period. Renaissance Technologies LLC grew its holdings in Blue Foundry Bancorp by 6.7% in the 2nd quarter. Renaissance Technologies LLC now owns 47,700 shares of the company’s stock valued at $433,000 after buying an additional 3,000 shares during the period. State Street Corp grew its holdings in Blue Foundry Bancorp by 0.7% in the 3rd quarter. State Street Corp now owns 479,365 shares of the company’s stock valued at $4,913,000 after buying an additional 3,272 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Blue Foundry Bancorp in the 3rd quarter valued at about $71,000. Finally, HighTower Advisors LLC grew its holdings in Blue Foundry Bancorp by 30.7% in the 3rd quarter. HighTower Advisors LLC now owns 36,425 shares of the company’s stock valued at $373,000 after buying an additional 8,556 shares during the period. Hedge funds and other institutional investors own 56.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted their price target on Blue Foundry Bancorp from $9.75 to $11.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

Blue Foundry Bancorp Company Profile

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. The company offers saving, time, and non-interest bearing deposits; demand accounts; and loans, such as one-to-four family residential property, multi-family, residential real estate, non-residential real estate, consumer, construction, and commercial and industrial loans, as well as junior liens and home equity lines of credit.