Blue Foundry Bancorp (NASDAQ:BLFY) Short Interest Update

Blue Foundry Bancorp (NASDAQ:BLFY) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 531,700 shares, a decrease of 7.4% from the March 31st total of 573,900 shares. Currently, 2.6% of the company’s stock are short sold. Based on an average daily trading volume, of 55,300 shares, the short-interest ratio is currently 9.6 days.

Blue Foundry Bancorp Stock Performance

Shares of BLFY stock traded down $0.13 during trading hours on Monday, reaching $8.65. 24,065 shares of the company’s stock were exchanged, compared to its average volume of 53,297. The stock’s 50 day moving average is $8.92 and its 200-day moving average is $9.01. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.29 and a current ratio of 1.29. Blue Foundry Bancorp has a fifty-two week low of $7.08 and a fifty-two week high of $10.80.

Analysts Set New Price Targets

A number of analysts have weighed in on BLFY shares. Piper Sandler upped their target price on Blue Foundry Bancorp from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Keefe, Bruyette & Woods lowered their target price on Blue Foundry Bancorp from $9.00 to $8.00 and set a “market perform” rating for the company in a report on Thursday.

Hedge Funds Weigh In On Blue Foundry Bancorp

A number of large investors have recently made changes to their positions in the business. Essex Financial Services Inc. increased its position in shares of Blue Foundry Bancorp by 3.8% during the first quarter. Essex Financial Services Inc. now owns 614,593 shares of the company’s stock worth $5,753,000 after purchasing an additional 22,499 shares in the last quarter. Strs Ohio increased its position in shares of Blue Foundry Bancorp by 13.6% during the third quarter. Strs Ohio now owns 60,300 shares of the company’s stock worth $504,000 after purchasing an additional 7,200 shares in the last quarter. Park Avenue Securities LLC acquired a new position in shares of Blue Foundry Bancorp during the first quarter worth $505,000. Wittenberg Investment Management Inc. increased its position in shares of Blue Foundry Bancorp by 53.6% during the fourth quarter. Wittenberg Investment Management Inc. now owns 34,404 shares of the company’s stock worth $333,000 after purchasing an additional 12,000 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Blue Foundry Bancorp in the 4th quarter valued at $2,000,000. 56.52% of the stock is owned by institutional investors and hedge funds.

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.