Blue Foundry Bancorp (NASDAQ:BLFY) Sees Large Increase in Short Interest

Blue Foundry Bancorp (NASDAQ:BLFY - Get Free Report) saw a significant increase in short interest in 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. Currently, 2.2% of the company's shares are sold short. Based on an average daily trading volume, of 50,600 shares, the short-interest ratio is currently 8.6 days.

Institutional Investors Weigh In On Blue Foundry Bancorp

Large investors have recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in shares of Blue Foundry Bancorp by 72.3% during the 3rd quarter. FMR LLC now owns 6,482 shares of the company's stock worth $66,000 after buying an additional 2,720 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Blue Foundry Bancorp during the third quarter worth $71,000. PDT Partners LLC acquired a new stake in Blue Foundry Bancorp in the third quarter worth $129,000. Kovitz Investment Group Partners LLC bought a new stake in Blue Foundry Bancorp in the third quarter valued at $210,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Blue Foundry Bancorp during the second quarter valued at about $225,000. Institutional investors and hedge funds own 56.52% of the company's stock.

Blue Foundry Bancorp Trading Up 0.2 %

Shares of BLFY traded up $0.02 during trading hours on Wednesday, hitting $9.81. 49,926 shares of the stock were exchanged, compared to its average volume of 52,539. Blue Foundry Bancorp has a fifty-two week low of $7.90 and a fifty-two week high of $11.48. The business 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. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.23 and a quick ratio of 1.23.

Blue Foundry Bancorp (NASDAQ:BLFY - Get Free Report) last issued its quarterly 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). The business had revenue of $21.92 million for the quarter, compared to analyst estimates of $10.26 million. Blue Foundry Bancorp had a negative return on equity of 3.50% and a negative net margin of 14.14%. During the same quarter in the previous year, the business posted ($0.06) earnings per share. On average, research analysts expect that Blue Foundry Bancorp will post -0.6 EPS for the current year.

Analyst Ratings Changes

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

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.