Blue Foundry Bancorp (NASDAQ:BLFY) Short Interest Up 5.1% in December

Blue Foundry Bancorp (NASDAQ:BLFY) was the recipient of 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. Approximately 2.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 50,600 shares, the short-interest ratio is currently 8.6 days.

Hedge Funds Weigh In On Blue Foundry Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its holdings in shares of Blue Foundry Bancorp by 14.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 74,637 shares of the company’s stock worth $677,000 after purchasing an additional 9,303 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Blue Foundry Bancorp by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 856,285 shares of the company’s stock worth $7,766,000 after buying an additional 61,335 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Blue Foundry Bancorp by 6.7% in the second quarter. Renaissance Technologies LLC now owns 47,700 shares of the company’s stock worth $433,000 after buying an additional 3,000 shares in the last quarter. Squarepoint Ops LLC bought a new position in Blue Foundry Bancorp during the second quarter valued at approximately $225,000. Finally, International Assets Investment Management LLC bought a new position in Blue Foundry Bancorp during the third quarter valued at approximately $2,000,000. Hedge funds and other institutional investors own 56.52% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upped their target price 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

NASDAQ:BLFY opened at $9.48 on Friday. Blue Foundry Bancorp has a 52-week low of $7.90 and a 52-week high of $11.48. The stock has a fifty day moving average of $10.56 and a 200 day moving average of $10.28. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market capitalization of $216.11 million, a price-to-earnings ratio of -16.93 and a beta of 0.60.

Blue Foundry Bancorp (NASDAQ:BLFY) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.19) earnings per share (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 business had revenue of $21.92 million for the quarter, compared to the consensus estimate of $10.26 million. During the same quarter last year, the business posted ($0.06) EPS. On average, research analysts expect that Blue Foundry Bancorp will post -0.6 EPS for the current fiscal 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.