Blue Foundry Bancorp (NASDAQ:BLFY) Short Interest Update

Blue Foundry Bancorp (NASDAQ:BLFY) was the recipient of a large increase in short interest during the month of 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. Based on an average trading volume of 50,600 shares, the days-to-cover ratio is currently 8.6 days. Approximately 2.2% of the company’s stock are sold short.

Analysts Set New Price Targets

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

Blue Foundry Bancorp Trading Up 0.2 %

NASDAQ BLFY opened at $9.81 on Thursday. The company has a market cap of $223.63 million, a PE ratio of -17.52 and a beta of 0.60. 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 has a 12 month low of $7.90 and a 12 month high of $11.48. The stock has a 50 day moving average of $10.56 and a 200-day moving average of $10.28.

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

Institutional Investors Weigh In On Blue Foundry Bancorp

A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake 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 acquiring an additional 44,505 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Blue Foundry Bancorp in the 3rd quarter valued at $71,000. Barclays PLC raised its stake in Blue Foundry Bancorp by 339.3% in the 3rd 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 period. Kovitz Investment Group Partners LLC bought a new stake in Blue Foundry Bancorp in the 3rd quarter valued at $210,000. Finally, State Street Corp raised its stake 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 acquiring an additional 3,272 shares during the period. Institutional investors own 56.52% of the company’s stock.

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.