Short Interest in Blue Foundry Bancorp (NASDAQ:BLFY) Decreases By 6.6%

Blue Foundry Bancorp (NASDAQ:BLFY) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 405,300 shares, a decline of 6.6% from the December 15th total of 434,100 shares. Approximately 2.0% of the company’s shares are short sold. Based on an average daily volume of 53,800 shares, the short-interest ratio is presently 7.5 days.

Hedge Funds Weigh In On Blue Foundry Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of BLFY. FMR LLC boosted its holdings in Blue Foundry Bancorp by 72.3% in the 3rd quarter. FMR LLC now owns 6,482 shares of the company’s stock worth $66,000 after acquiring an additional 2,720 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Blue Foundry Bancorp in the 3rd quarter worth approximately $71,000. PDT Partners LLC purchased a new position in Blue Foundry Bancorp in the 3rd quarter worth approximately $129,000. Kovitz Investment Group Partners LLC purchased a new position in Blue Foundry Bancorp in the 3rd quarter worth approximately $210,000. Finally, Squarepoint Ops LLC purchased a new position in Blue Foundry Bancorp in the 2nd quarter worth approximately $225,000. Hedge funds and other institutional investors own 56.52% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Blue Foundry Bancorp Stock Performance

NASDAQ BLFY opened at $9.41 on Monday. The firm has a market capitalization of $214.55 million, a P/E ratio of -16.80 and a beta of 0.63. Blue Foundry Bancorp has a 1-year low of $7.90 and a 1-year high of $11.48. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.23 and a quick ratio of 1.23. The business’s 50-day simple moving average is $10.32 and its 200-day simple moving average is $10.33.

Blue Foundry Bancorp (NASDAQ:BLFY) last released its quarterly earnings results 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 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 period last year, the firm posted ($0.06) earnings per share. Equities analysts predict 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.