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Blue Foundry Announces Merger with Fulton Financial

Story Highlights
  • Blue Foundry Bancorp will merge into Fulton Financial Corporation in an all-stock transaction.
  • The merger expands Fulton’s presence in New Jersey and is expected to close by Q2 2026.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Blue Foundry Announces Merger with Fulton Financial

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Blue Foundry ( (BLFY) ) has issued an announcement.

On November 24, 2025, Blue Foundry Bancorp and Fulton Financial Corporation announced a definitive merger agreement in which Blue Foundry will merge into Fulton in an all-stock transaction valued at approximately $243 million. This merger, expected to close in the second quarter of 2026, will expand Fulton’s presence in northern New Jersey and is anticipated to be accretive to earnings and tangible book value. The merger has been unanimously approved by both companies’ boards and is subject to customary closing conditions, including regulatory approvals and stockholder approval from Blue Foundry.

The most recent analyst rating on (BLFY) stock is a Hold with a $11.50 price target. To see the full list of analyst forecasts on Blue Foundry stock, see the BLFY Stock Forecast page.

Spark’s Take on BLFY Stock

According to Spark, TipRanks’ AI Analyst, BLFY is a Neutral.

Blue Foundry’s stock score is primarily influenced by its strong technical momentum, despite financial challenges. The company’s financial performance and valuation are weak, with ongoing losses and no dividend yield. The earnings call provided a mixed outlook, with growth in deposits and loans but also highlighted financial losses and increased nonperforming loans.

To see Spark’s full report on BLFY stock, click here.

More about Blue Foundry

Blue Foundry Bancorp is the holding company for Blue Foundry Bank, a full-service, innovative bank headquartered in Rutherford, New Jersey. It serves various counties in New Jersey, offering tailored products and services for individuals and businesses. The bank has a rich history of over 145 years, committed to its customers and communities.

Average Trading Volume: 84,507

Technical Sentiment Signal: Sell

Current Market Cap: $230.2M

See more insights into BLFY stock on TipRanks’ Stock Analysis page.

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