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Blue Foundry ( (BLFY) ) has issued an update.
On January 29, 2026, Blue Foundry Bancorp shareholders approved an Agreement and Plan of Merger under which Blue Foundry will merge with and into Fulton Financial Corporation, with Fulton remaining as the surviving entity. At the special meeting, a quorum was achieved with 16,797,721 of 20,761,225 eligible shares represented, and the merger proposal passed by a substantial majority vote, alongside approval of a contingency proposal to adjourn the meeting if additional proxy solicitation had been needed, though adjournment ultimately proved unnecessary. The vote clears a key shareholder hurdle for the transaction, signaling investor support for Blue Foundry’s combination with a larger banking group and potentially altering the company’s future operations and competitive positioning within the regional banking landscape once the merger is completed.
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.
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 operates in the banking and financial services industry, providing community banking products and services through its network as a regional financial institution. The company focuses on serving retail and commercial customers with traditional banking offerings, positioning itself within the competitive U.S. regional banking market.
Average Trading Volume: 319,619
Technical Sentiment Signal: Buy
Current Market Cap: $266.8M
For an in-depth examination of BLFY stock, go to TipRanks’ Overview page.