Blue Foundry Bancorp (NASDAQ:BLFY) Short Interest Update

Blue Foundry Bancorp (NASDAQ:BLFY) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 467,164 shares, an increase of 35.1% from the December 15th total of 345,698 shares. Currently, 2.4% of the company’s shares are short sold. Based on an average daily volume of 286,751 shares, the short-interest ratio is currently 1.6 days. Based on an average daily volume of 286,751 shares, the short-interest ratio is currently 1.6 days. Currently, 2.4% of the company’s shares are short sold.

Institutional Trading of Blue Foundry Bancorp

A number of hedge funds have recently bought and sold shares of BLFY. Versant Capital Management Inc boosted its position in Blue Foundry Bancorp by 181.2% during the 3rd quarter. Versant Capital Management Inc now owns 3,074 shares of the company’s stock valued at $28,000 after acquiring an additional 1,981 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Blue Foundry Bancorp by 72.8% during the third quarter. BNP Paribas Financial Markets now owns 4,066 shares of the company’s stock valued at $37,000 after purchasing an additional 1,713 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Blue Foundry Bancorp by 257.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,156 shares of the company’s stock valued at $49,000 after purchasing an additional 3,715 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Blue Foundry Bancorp by 38.6% in the second quarter. PNC Financial Services Group Inc. now owns 9,824 shares of the company’s stock valued at $94,000 after purchasing an additional 2,736 shares during the last quarter. Finally, Sei Investments Co. bought a new position in Blue Foundry Bancorp in the second quarter worth about $96,000. Hedge funds and other institutional investors own 56.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BLFY. Wall Street Zen upgraded shares of Blue Foundry Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, November 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Blue Foundry Bancorp in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $10.00.

Blue Foundry Bancorp Stock Performance

BLFY stock opened at $12.75 on Friday. Blue Foundry Bancorp has a 1-year low of $7.61 and a 1-year high of $13.13. The business has a 50-day moving average price of $11.47 and a 200 day moving average price of $9.87. The company has a market capitalization of $264.69 million, a P/E ratio of -27.72 and a beta of 0.55. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.17 and a quick ratio of 1.17.

Blue Foundry Bancorp (NASDAQ:BLFY) last posted its earnings results on Wednesday, October 29th. The company reported ($0.10) EPS for the quarter, meeting analysts’ consensus estimates of ($0.10). Blue Foundry Bancorp had a negative net margin of 9.82% and a negative return on equity of 2.84%. The business had revenue of $12.61 million for the quarter, compared to the consensus estimate of $12.35 million. As a group, equities research analysts forecast that Blue Foundry Bancorp will post -0.47 EPS for the current fiscal year.

Blue Foundry Bancorp Company Profile

Blue Foundry Bancorp, Inc (NASDAQ: BLFY) is a bank holding company headquartered in Paramus, New Jersey, serving the Greater New York metropolitan area. Through its wholly owned subsidiary, Blue Foundry Bank, the company offers a full suite of deposit products, including personal and business checking and savings accounts, certificates of deposit, and a robust online and mobile banking platform.

In addition to deposit accounts, Blue Foundry Bancorp provides a range of lending solutions designed for both individual and commercial clients.