There was a discernible increase in the number of short positions taken on Blue Foundry Bancorp during December (NASDAQ: BLFY). Compared to the total number of 271,100 shares as of November 30th, the total number of shorted shares as of December 15th was 294,200, representing an increase of 8.5% from the previous figure. There is a short sale of approximately 1.2% of the total number of shares in the company. The days-to-cover ratio currently stands at 4.0 days at this time. This figure is derived from an average daily trading volume of 73,900 shares used in the calculation.
Wednesday, October 26th, marked the day that Blue Foundry Bancorp (NASDAQ: BLFY) made public the most recent quarterly results report that it had produced. During the time frame examined in this report, the corporation had $0.05 per share earnings. The amount in question was $14.61 million in revenue brought in by the company during the relevant period. In addition, a negative return on equity of 4.29% and a negative net margin of 28.69% were both numbers that Blue Foundry Bancorp reported. These two numbers are presented to the reader as a percentage.
BLFY stock was first offered for sale on Tuesday for $12.85 per share. Both the current and quick ratios are equal to 1.22 at this point. The ratio of debt to equity is currently at 0.74. In the past year, the price of Blue Foundry Bancorp has ranged from a low of $11.01 to a high of $14.94. The current price of the company is $11.01. The price of the stock’s moving average over the last 50 days is $12.63; over the last 200 days, it has been trading at $12.03.
Recently, several institutional investors have modified their holdings of BLFY in response to recent market developments. Rhino Investment Partners Inc. increased the amount of Blue Foundry Bancorp stock owned by 221.0% during the year’s second quarter. Following the acquisition of an additional 145,859 shares throughout the period above, rhino investment partners, Inc. now holds a total of 211,850 shares of the company’s stock, which have an estimated market value of $6,870,000. During the second quarter, Essex Financial Services Inc. grew its ownership of Blue Foundry Bancorp by 0.8%, bringing the total percentage of the company’s stock it possessed to 1.4%. After making an additional purchase of 4,550 shares during the relevant period, Essex Financial Services Inc. now owns a total of 581,959 shares of the company’s stock, which has a value of $6,978,000. Martingale Asset Management LP invested $200,000 in Blue Foundry Bancorp during the third fiscal quarter to strengthen its position. First Manhattan Company increased the amount of Blue Foundry Bancorp stock owned by 12.5% during the third quarter of the fiscal year. As a result of various purchases made over time, First Manhattan Co. now owns a total of 45,000 shares of the company, which have an estimated value of $501,000 at the present moment. Last but not least, during the third quarter, Nisa Investment Advisors LLC contributed an additional $135,000 to its portfolio by purchasing a new stake in Blue Foundry Bancorp. To the tune of 43.25 percent of the company’s stock, institutional investors and hedge funds collectively hold the company’s shares.
TheStreet raised its previous rating of Blue Foundry Bancorp from a “d-” to a “c-” in an independent research report released on November 21st.
Blue Foundry Bancorp is the holding company for Blue Foundry Bank, a savings bank that offers a wide variety of banking products and services to individuals and businesses. Blue Foundry Bank is owned and operated by Blue Foundry Bancorp. Blue Foundry Bancorp is the parent company, and Blue Foundry Bank is one of the company’s subsidiaries. The company offers deposits, loans, and home equity lines of credit for residential properties with one to four families; home equity; commercial real estate; multi-family; construction; commercial and industrial; and other consumer loans. In addition, the company lends money for commercial real estate, multi-family construction, commercial and industrial projects, and other consumer loans. In addition to that, the company provides financing for commercial real estate.
Short interest in Blue Foundry Bancorp (NASDAQ:BLFY) increased by 8.5% in December.
