Blue Foundry Bancorp (NASDAQ:BLFY) Short Interest Update

Blue Foundry Bancorp (NASDAQ:BLFY) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 434,100 shares, a growth of 5.1% from the November 30th total of 413,200 shares. Currently, 2.2% of the shares of the company are short sold. Based on an average daily trading volume, of 50,600 shares, the short-interest ratio is presently 8.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BLFY. Dimensional Fund Advisors LP raised its stake in Blue Foundry Bancorp by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 856,285 shares of the company’s stock valued at $7,766,000 after purchasing an additional 61,335 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Blue Foundry Bancorp by 173.3% in the third quarter. JPMorgan Chase & Co. now owns 70,185 shares of the company’s stock valued at $719,000 after purchasing an additional 44,505 shares in the last quarter. Squarepoint Ops LLC acquired a new position in Blue Foundry Bancorp in the second quarter valued at about $225,000. Barclays PLC raised its stake in Blue Foundry Bancorp by 339.3% in the third quarter. Barclays PLC now owns 29,321 shares of the company’s stock valued at $301,000 after purchasing an additional 22,647 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new position in Blue Foundry Bancorp in the third quarter valued at about $210,000. Institutional investors and hedge funds own 56.52% of the company’s stock.

Analysts Set New Price Targets

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

Blue Foundry Bancorp Stock Up 0.2 %

BLFY opened at $9.81 on Thursday. Blue Foundry Bancorp has a fifty-two week low of $7.90 and a fifty-two week 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. The company has a market capitalization of $223.63 million, a P/E ratio of -17.52 and a beta of 0.60. The stock has a fifty day moving average of $10.56 and a 200-day moving average of $10.28.

Blue Foundry Bancorp (NASDAQ:BLFY) last posted its earnings results on Wednesday, October 23rd. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $21.92 million for the quarter, compared to analyst estimates of $10.26 million. During the same period in the prior year, the business posted ($0.06) EPS. On average, equities analysts expect that Blue Foundry Bancorp will post -0.6 EPS for the current year.

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.