Blue Foundry Bancorp (NASDAQ:BLFY) Short Interest Down 6.6% in January

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

Blue Foundry Bancorp Stock Performance

Shares of NASDAQ BLFY traded down $0.01 during midday trading on Monday, reaching $9.74. The company’s stock had a trading volume of 44,017 shares, compared to its average volume of 49,896. 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 stock has a market capitalization of $222.07 million, a P/E ratio of -17.39 and a beta of 0.63. The firm has a 50 day moving average price of $10.00 and a 200-day moving average price of $10.33. Blue Foundry Bancorp has a 12-month low of $7.90 and a 12-month high of $11.48.

Blue Foundry Bancorp (NASDAQ:BLFY) last announced its quarterly earnings data on Wednesday, January 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.04. Blue Foundry Bancorp had a negative return on equity of 3.45% and a negative net margin of 13.65%. As a group, equities analysts predict that Blue Foundry Bancorp will post -0.47 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BLFY. Essex Financial Services Inc. increased its stake in Blue Foundry Bancorp by 5.4% in the fourth quarter. Essex Financial Services Inc. now owns 654,231 shares of the company’s stock valued at $6,418,000 after acquiring an additional 33,759 shares during the last quarter. R Squared Ltd bought a new stake in shares of Blue Foundry Bancorp in the 4th quarter worth approximately $34,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Blue Foundry Bancorp by 12,513.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 29,389 shares of the company’s stock valued at $288,000 after purchasing an additional 29,156 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Blue Foundry Bancorp by 173.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 70,185 shares of the company’s stock valued at $719,000 after purchasing an additional 44,505 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Blue Foundry Bancorp in the 3rd quarter worth $71,000. Hedge funds and other institutional investors own 56.52% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lowered their target price on shares of Blue Foundry Bancorp from $11.00 to $10.00 and set a “market perform” rating for the company in a 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.