Blue Foundry Gains Final Approvals for Fulton Merger

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

On February 23, 2026, Fulton Financial Corporation and Blue Foundry Bancorp announced that all required regulatory approvals have been secured for their previously disclosed all-stock merger, under which Blue Foundry will be acquired and merged into Fulton. The Federal Reserve approved the merger on February 19, 2026, and Fulton had already obtained clearance from the Office of the Comptroller of the Currency for the related bank merger, while Blue Foundry shareholders approved the deal on January 29, 2026.

The transaction, first unveiled on November 24, 2025, is slated to close on or about April 1, 2026, subject to remaining customary closing conditions, after which Blue Foundry Bank will be folded into Fulton Bank around the time of systems conversion. These milestones mark a significant step in expanding Fulton’s presence in New Jersey and integrating Blue Foundry’s established local franchise into Fulton’s broader Mid-Atlantic community banking network, with operational and competitive implications for customers, employees and investors as the combined organization consolidates systems and operations.

The most recent analyst rating on (BLFY) stock is a Hold with a $13.50 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.

The score is held back primarily by weak financial performance (ongoing losses and negative cash flow) and an unattractive earnings-based valuation (negative P/E). These are partially offset by constructive technical momentum (price above major moving averages with positive MACD) and a mixed-but-improving earnings call profile (better margin and growth balanced against higher nonperforming loans and continued net loss).

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

More about Blue Foundry

Fulton Financial Corporation is a $32 billion-asset community banking organization and financial holding company headquartered in Lancaster, Pa., providing a range of financial services through Fulton Bank across Pennsylvania, Maryland, Delaware, New Jersey and Virginia. Blue Foundry Bancorp, based in Rutherford, N.J., is the holding company for Blue Foundry Bank, a full-service retail and commercial bank with a long-established presence in multiple New Jersey counties, serving individual and business clients with tailored banking products and services.

With deep histories in their respective markets, both Fulton and Blue Foundry position themselves as community-focused institutions, emphasizing customer relationships, local economic support and long-term commitments to the communities they serve. The combination aligns a larger regional community bank with a New Jersey-centered franchise, potentially expanding Fulton’s footprint and reinforcing its strategic focus on the Mid-Atlantic banking market.

Average Trading Volume: 375,654

Technical Sentiment Signal: Buy

Current Market Cap: $292.9M

Learn more about BLFY stock on TipRanks’ Stock Analysis page.