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

Blue Foundry Bancorp (NASDAQ:BLFY) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 405,300 shares, a decrease of 6.6% from the December 31st total of 434,100 shares. Based on an average daily volume of 53,800 shares, the short-interest ratio is currently 7.5 days. Currently, 2.0% of the shares of the stock are sold short.

Blue Foundry Bancorp Price Performance

NASDAQ:BLFY traded down $0.01 during mid-day trading on Monday, hitting $9.74. The company’s stock had a trading volume of 44,017 shares, compared to its average volume of 49,896. Blue Foundry Bancorp has a fifty-two week low of $7.90 and a fifty-two week high of $11.48. The company has a market capitalization of $222.07 million, a price-to-earnings ratio of -17.39 and a beta of 0.63. The stock has a fifty day moving average of $10.00 and a 200-day moving average of $10.33. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.03.

Blue Foundry Bancorp (NASDAQ:BLFY) last issued its quarterly earnings results on Wednesday, January 29th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.04. Blue Foundry Bancorp had a negative net margin of 13.65% and a negative return on equity of 3.45%. As a group, equities analysts forecast that Blue Foundry Bancorp will post -0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Blue Foundry Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in shares of Blue Foundry Bancorp by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 856,285 shares of the company’s stock valued at $7,766,000 after purchasing an additional 61,335 shares during the period. Essex Financial Services Inc. increased its position in Blue Foundry Bancorp by 5.4% during the 4th quarter. Essex Financial Services Inc. now owns 654,231 shares of the company’s stock worth $6,418,000 after buying an additional 33,759 shares during the period. State Street Corp lifted its holdings in shares of Blue Foundry Bancorp by 0.7% during the third quarter. State Street Corp now owns 479,365 shares of the company’s stock worth $4,913,000 after buying an additional 3,272 shares in the last quarter. JPMorgan Chase & Co. increased its position in Blue Foundry Bancorp by 173.3% during the third quarter. JPMorgan Chase & Co. now owns 70,185 shares of the company’s stock worth $719,000 after acquiring an additional 44,505 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Blue Foundry Bancorp by 6.7% in the 2nd quarter. Renaissance Technologies LLC now owns 47,700 shares of the company’s stock valued at $433,000 after purchasing an additional 3,000 shares during the period. 56.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lowered their price objective on shares of Blue Foundry Bancorp from $11.00 to $10.00 and set a “market perform” rating on the stock in a research report on Thursday.

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.