NASDAQ:BLFY - Get Free Report ) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 531,700 shares, a decline of 7.4% from the March 31st total of 573,900 shares. Approximately 2.6% of the company's stock are sold short. Based on an average daily trading volume, of 55,300 shares, the short-interest ratio is presently 9.6 days.
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Blue Foundry Bancorp Stock Performance NASDAQ:BLFY traded down $0.13 during mid-day trading on Monday, reaching $8.65. The company's stock had a trading volume of 24,065 shares, compared to its average volume of 53,297. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.12. The stock has a market cap of $206.99 million, a P/E ratio of -21.63 and a beta of 0.49. The firm's fifty day moving average price is $8.90 and its two-hundred day moving average price is $9.01. Blue Foundry Bancorp has a 12-month low of $7.08 and a 12-month high of $10.80.
Institutional Trading of Blue Foundry Bancorp A number of large investors have recently made changes to their positions in BLFY. International Assets Investment Management LLC bought a new stake in Blue Foundry Bancorp in the 4th quarter worth approximately $2,000,000. Essex Financial Services Inc. increased its position in Blue Foundry Bancorp by 0.3% during the third quarter. Essex Financial Services Inc. now owns 596,603 shares of the company's stock valued at $4,994,000 after acquiring an additional 1,545 shares during the last quarter. SG Americas Securities LLC boosted its position in Blue Foundry Bancorp by 21.8% in the fourth quarter. SG Americas Securities LLC now owns 13,206 shares of the company's stock worth $128,000 after purchasing an additional 2,365 shares during the last quarter. Strs Ohio increased its position in shares of Blue Foundry Bancorp by 13.6% during the 3rd quarter. Strs Ohio now owns 60,300 shares of the company's stock valued at $504,000 after purchasing an additional 7,200 shares during the last quarter. Finally, Wittenberg Investment Management Inc. bought a new position in shares of Blue Foundry Bancorp in the 3rd quarter worth approximately $188,000. 56.52% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth A number of equities research analysts have recently commented on BLFY shares. Keefe, Bruyette & Woods cut their price target on shares of Blue Foundry Bancorp from $9.00 to $8.00 and set a "market perform" rating on the stock in a report on Thursday. Piper Sandler lifted 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.
Check Out Our Latest Stock Analysis on Blue Foundry Bancorp
About Blue Foundry Bancorp (
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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.
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