Short Interest in Blue Foundry Bancorp (NASDAQ:BLFY) Increases By 5.1%

Blue Foundry Bancorp (NASDAQ:BLFY) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 434,100 shares, an increase of 5.1% from the November 30th total of 413,200 shares. Approximately 2.2% of the shares of the stock are short sold. Based on an average daily volume of 50,600 shares, the days-to-cover ratio is presently 8.6 days.

Institutional Trading of Blue Foundry Bancorp

Several hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in Blue Foundry Bancorp by 173.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 70,185 shares of the company’s stock valued at $719,000 after buying an additional 44,505 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Blue Foundry Bancorp in the 3rd quarter worth approximately $71,000. Barclays PLC increased its position in shares of Blue Foundry Bancorp by 339.3% during the third quarter. Barclays PLC now owns 29,321 shares of the company’s stock valued at $301,000 after acquiring an additional 22,647 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new stake in Blue Foundry Bancorp during the third quarter worth $210,000. Finally, State Street Corp boosted its position in Blue Foundry Bancorp by 0.7% in the third quarter. State Street Corp now owns 479,365 shares of the company’s stock worth $4,913,000 after purchasing an additional 3,272 shares during the last quarter. Institutional investors and hedge funds own 56.52% of the company’s stock.

Blue Foundry Bancorp Trading Up 0.2 %

Shares of Blue Foundry Bancorp stock traded up $0.02 on Wednesday, hitting $9.81. The stock had a trading volume of 49,926 shares, compared to its average volume of 52,539. The stock has a 50 day moving average of $10.56 and a 200 day moving average of $10.28. The firm has a market capitalization of $223.63 million, a P/E ratio of -17.52 and a beta of 0.60. Blue Foundry Bancorp has a twelve month low of $7.90 and a twelve month high of $11.48. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.23.

Blue Foundry Bancorp (NASDAQ:BLFY) last announced its earnings results on Wednesday, October 23rd. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.02). Blue Foundry Bancorp had a negative return on equity of 3.50% and a negative net margin of 14.14%. The company had revenue of $21.92 million for the quarter, compared to analyst estimates of $10.26 million. During the same period in the previous year, the firm posted ($0.06) earnings per share. Sell-side analysts expect that Blue Foundry Bancorp will post -0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised their target price on shares of Blue Foundry Bancorp from $9.75 to $11.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

About 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. 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.