Blue Foundry Bancorp (NASDAQ:BLFY) Short Interest Up 35.1% in December

Blue Foundry Bancorp (NASDAQ:BLFY) was the target of a large 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. Approximately 2.4% of the shares of the stock are short sold. Based on an average daily volume of 286,751 shares, the short-interest ratio is presently 1.6 days. Based on an average daily volume of 286,751 shares, the short-interest ratio is presently 1.6 days. Approximately 2.4% of the shares of the stock are short sold.

Blue Foundry Bancorp Trading Down 1.3%

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

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Blue Foundry Bancorp in a research report on Monday, December 29th. Wall Street Zen raised Blue Foundry Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $10.00.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BLFY. Jane Street Group LLC boosted its stake in Blue Foundry Bancorp by 147.6% during the first quarter. Jane Street Group LLC now owns 34,120 shares of the company’s stock worth $314,000 after buying an additional 20,339 shares during the period. Strs Ohio acquired a new position in shares of Blue Foundry Bancorp in the 1st quarter worth approximately $477,000. Essex Financial Services Inc. boosted its position in shares of Blue Foundry Bancorp by 5.8% during the 2nd quarter. Essex Financial Services Inc. now owns 659,823 shares of the company’s stock worth $6,315,000 after purchasing an additional 35,998 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Blue Foundry Bancorp in the 2nd quarter valued at approximately $654,000. Finally, PNC Financial Services Group Inc. raised its position 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 period. Institutional investors and hedge funds own 56.52% of the company’s stock.

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.