New activity is brewing for Blue Foundry ( (BLFY) ). The company has submitted a Form DEFM14A to the SEC, indicating an upcoming shareholder vote. This form gives shareholders all the information they need to develop an informed vote. Read on to learn more about the proposed company action.
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On November 24, 2025, Blue Foundry Bancorp agreed to be acquired by Fulton Financial Corporation in an all-stock transaction that will merge Blue Foundry into Fulton and combine Blue Foundry Bank with Fulton Bank, N.A. Each outstanding share of Blue Foundry common stock will be converted into 0.650 shares of Fulton common stock, implying a value of about $11.67 per share at Fulton’s November 21, 2025 closing price and approximately $13.12 per share based on the December 19, 2025 price, for total merger consideration of roughly $243 million and an expected issuance of about 13.5 million Fulton shares. A virtual special meeting of Blue Foundry stockholders is scheduled for January 29, 2026 to vote on approving the merger agreement and a possible adjournment to solicit additional proxies, with the board unanimously recommending that investors support the deal, which would expand Fulton’s footprint while giving Blue Foundry shareholders equity in a larger regional banking platform if the transaction closes as planned.
The most recent analyst rating on (BLFY) stock is a Hold with a $12.50 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 overall stock score is driven by strong technical indicators and a positive corporate event, despite challenges in financial performance and valuation. The merger with Fulton Financial is a strategic positive, but financial losses and cash flow issues weigh on the score.
To see Spark’s full report on BLFY stock, click here.
More about Blue Foundry
Blue Foundry Bancorp is a Delaware-based bank holding company whose primary operating subsidiary, Blue Foundry Bank, is a New Jersey-chartered stock savings bank. The company focuses on providing retail and commercial banking services in its regional markets, competing with other community and mid-sized banks for consumer and small business deposits and loans.
Average Trading Volume: 157,123
Technical Sentiment Signal: Buy
Current Market Cap: $262M
Find detailed analytics on BLFY stock on TipRanks’ Stock Analysis page.