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

Blue Foundry Bancorp (NASDAQ:BLFY) saw a large growth in short interest during 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 sold short. Based on an average daily trading volume, of 50,600 shares, the days-to-cover ratio is currently 8.6 days.

Institutional Investors Weigh In On Blue Foundry Bancorp

Institutional investors have recently added to or reduced their stakes in the business. FMR LLC raised its position in shares of Blue Foundry Bancorp by 72.3% in the third quarter. FMR LLC now owns 6,482 shares of the company’s stock valued at $66,000 after purchasing an additional 2,720 shares during the period. Renaissance Technologies LLC grew its stake 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 in the last quarter. State Street Corp raised its holdings in Blue Foundry Bancorp by 0.7% during 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. Wilmington Savings Fund Society FSB purchased a new stake in shares of Blue Foundry Bancorp during the third quarter worth $71,000. Finally, HighTower Advisors LLC boosted its holdings in shares of Blue Foundry Bancorp by 30.7% in the third quarter. HighTower Advisors LLC now owns 36,425 shares of the company’s stock worth $373,000 after acquiring an additional 8,556 shares during the period. 56.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised their price objective on shares of 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 Price Performance

Blue Foundry Bancorp stock opened at $9.48 on Friday. The business’s 50 day simple moving average is $10.56 and its 200 day simple moving average is $10.28. Blue Foundry Bancorp has a 12 month low of $7.90 and a 12 month high of $11.48. The company has a market cap of $216.11 million, a price-to-earnings ratio of -16.93 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 (NASDAQ:BLFY) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.02). Blue Foundry Bancorp had a negative net margin of 14.14% and a negative return on equity of 3.50%. The firm had revenue of $21.92 million for the quarter, compared to analysts’ expectations of $10.26 million. During the same period in the prior year, the company earned ($0.06) EPS. Sell-side analysts forecast 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.