1 week Ago By Defense World Staff
Blue Foundry Bancorp ( NASDAQ:BLFY – Get Free Report ) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 434,100 shares, an increase of 5.1% from the November 30th total of 413,200 shares.
Based on an average trading volume of 50,600 shares, the days-to-cover ratio is currently 8.6 days. Approximately 2.
2% of the company’s stock are sold short. Analysts Set New Price Targets Separately, Keefe, Bruyette & Woods upped their price target on Blue Foundry Bancorp from $9.75 to $11.
00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. View Our Latest Analysis on BLFY Blue Foundry Bancorp Trading Up 0.2 % Blue Foundry Bancorp ( NASDAQ:BLFY – Get Free Report ) last released its quarterly earnings data on Wednesday, October 23rd.
The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.
02). The company had revenue of $21.92 million during the quarter, compared to analyst estimates of $10.
26 million. Blue Foundry Bancorp had a negative net margin of 14.14% and a negative return on equity of 3.
50%. During the same period in the previous year, the company posted ($0.06) EPS.
On average, equities research analysts anticipate that Blue Foundry Bancorp will post -0.6 EPS for the current fiscal year. Institutional Investors Weigh In On Blue Foundry Bancorp A number of large investors have recently added to or reduced their stakes in the business.
JPMorgan Chase & Co. raised its stake in Blue Foundry Bancorp by 173.3% in the 3rd quarter.
JPMorgan Chase & Co. now owns 70,185 shares of the company’s stock valued at $719,000 after acquiring an additional 44,505 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Blue Foundry Bancorp in the 3rd quarter valued at $71,000.
Barclays PLC raised its stake in Blue Foundry Bancorp by 339.3% in the 3rd quarter. Barclays PLC now owns 29,321 shares of the company’s stock valued at $301,000 after acquiring an additional 22,647 shares during the period.
Kovitz Investment Group Partners LLC bought a new stake in Blue Foundry Bancorp in the 3rd quarter valued at $210,000. Finally, State Street Corp raised its stake in Blue Foundry Bancorp by 0.7% in the 3rd quarter.
State Street Corp now owns 479,365 shares of the company’s stock valued at $4,913,000 after acquiring an additional 3,272 shares during the period. Institutional investors own 56.52% of the company’s stock.
Blue Foundry Bancorp Company Profile ( Get Free Report ) 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. Featured Articles Five stocks we like better than Blue Foundry Bancorp How to Calculate Inflation Rate Work and Play: Investing in the Rise of Bleisure Travel Why Are These Companies Considered Blue Chips? Top Dividend Stocks to Buy Now as Bond Yields Could Lower ETF Screener: Uses and Step-by-Step Guide SAP: AI Tailwinds Accelerating Enterprise Cloud Business Receive News & Ratings for Blue Foundry Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Foundry Bancorp and related companies with MarketBeat.
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