Blue Foundry Bancorp (NASDAQ:BLFY) Short Interest Up 7.8% in June

Blue Foundry Bancorp (NASDAQ:BLFY) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 549,900 shares, a growth of 7.8% from the May 31st total of 509,900 shares. Based on an average daily volume of 44,400 shares, the days-to-cover ratio is currently 12.4 days. Approximately 2.7% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods decreased their price target on Blue Foundry Bancorp from $9.00 to $8.00 and set a “market perform” rating for the company in a report on Thursday, April 25th.

Blue Foundry Bancorp Stock Down 0.9 %

BLFY opened at $9.12 on Thursday. Blue Foundry Bancorp has a fifty-two week low of $7.08 and a fifty-two week high of $10.50. The firm has a market capitalization of $216.24 million, a P/E ratio of -22.80 and a beta of 0.54. The company’s 50-day moving average is $9.01 and its 200 day moving average is $9.20. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.24 and a quick ratio of 1.24.

Blue Foundry Bancorp (NASDAQ:BLFY) last posted its quarterly earnings data on Wednesday, April 24th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.07. Blue Foundry Bancorp had a negative net margin of 10.89% and a negative return on equity of 2.52%. The firm had revenue of $9.87 million during the quarter, compared to analyst estimates of $9.30 million. Research analysts expect that Blue Foundry Bancorp will post -0.69 earnings per share for the current fiscal year.

Institutional Trading of Blue Foundry Bancorp

A number of hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new position in Blue Foundry Bancorp in the fourth quarter worth $2,000,000. Essex Financial Services Inc. raised its stake in shares of Blue Foundry Bancorp by 0.3% during the 3rd quarter. Essex Financial Services Inc. now owns 596,603 shares of the company’s stock worth $4,994,000 after purchasing an additional 1,545 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Blue Foundry Bancorp by 21.8% in the 4th quarter. SG Americas Securities LLC now owns 13,206 shares of the company’s stock worth $128,000 after buying an additional 2,365 shares during the last quarter. Wittenberg Investment Management Inc. grew its position in Blue Foundry Bancorp by 53.6% during the fourth quarter. Wittenberg Investment Management Inc. now owns 34,404 shares of the company’s stock valued at $333,000 after buying an additional 12,000 shares during the period. Finally, Park Avenue Securities LLC purchased a new stake in Blue Foundry Bancorp during the first quarter worth about $505,000. 56.52% of the stock is currently owned by institutional investors.

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.