Fulton Financial and Blue Foundry Bancorp to Merge in $243 Million All-Stock Deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 24 2025
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Merger Agreement: Fulton Financial (FULT) has entered into a definitive merger agreement to acquire Blue Foundry Bancorp (BLFY) in an all-stock transaction, where each share of Blue Foundry will be exchanged for 0.6500 shares of Fulton common stock.
Transaction Valuation: The merger is valued at approximately $243 million, or $11.67 per share of Blue Foundry, based on Fulton's share price of $17.96 as of November 21, 2025.
Financial Impact: The transaction is expected to enhance Fulton's growth in northern New Jersey, be accretive to first-year earnings by over 5%, and neutral to regulatory capital ratios upon closing.
Community Contribution: Fulton will contribute $1.5 million to the Fulton Forward Foundation to support nonprofit community organizations in New Jersey as part of the merger agreement.
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Analyst Views on BLFY
Wall Street analysts forecast BLFY stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BLFY is 10.00 USD with a low forecast of 10.00 USD and a high forecast of 10.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 13.080
Low
10.00
Averages
10.00
High
10.00
Current: 13.080
Low
10.00
Averages
10.00
High
10.00
About BLFY
Blue Foundry Bancorp is a holding company for Blue Foundry Bank (the Bank). The Bank is a chartered stock savings bank. The Bank's principal business consists of originating one-to-four family residential, multifamily, and non-residential real estate mortgages, home equity loans and lines of credit, construction, and commercial and industrial loans in its principal market and surrounding areas. In addition, it often lends outside its branch network in more densely populated and metropolitan areas, adding diversification to its loan portfolio. It attracts retail deposits from the public in the areas surrounding its banking offices, through its borrowers, and through its online presence, offering a variety of deposit products. Its primary sources of funds are deposits, principal and interest payments on loans, securities, and borrowings. The Bank operates 20 full-service banking offices in Bergen, Essex, Hudson, Middlesex, Morris, Passaic, and Union counties in New Jersey.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Halper Sadeh Investigates Blue Foundry Bancorp and Others for Potential Violations
- Investigation Launched: Halper Sadeh LLC is investigating Blue Foundry Bancorp (NASDAQ:BLFY) regarding its sale to Fulton Financial Corporation for 0.65 shares of Fulton stock per Blue Foundry share, indicating potential violations of shareholder rights.
- Shareholder Rights Protection: The firm is also examining Synchronoss Technologies, Inc. (NASDAQ:SNCR)'s sale to Lumine Group Inc. for $9.00 per share, which may be subject to adjustments for transaction expenses that could affect shareholder interests.
- Potential Compensation Claims: Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures, and other relief measures to ensure that shareholder rights are upheld in these transactions.
- Legal Consultation Services: The firm offers free consultations, encouraging affected shareholders to reach out to discuss their legal rights and options, demonstrating a commitment to protecting investor interests.
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Blue Foundry Bancorp to be Acquired by Fulton Financial at 0.65 Shares per Share
- Acquisition Investigation: Former Louisiana Attorney General Charles C. Foti and Kahn Swick & Foti are investigating Blue Foundry Bancorp's proposed sale to Fulton Financial at a rate of 0.65 shares per Blue Foundry share, aiming to assess whether this transaction undervalues the company.
- Shareholder Rights Concern: The proposed transaction has raised concerns regarding shareholder rights, as KSF seeks to determine the adequacy of the process, which could influence shareholder acceptance and future investment decisions.
- Legal Consultation Opportunity: KSF is offering legal consultation services, encouraging shareholders who believe the transaction undervalues the company to reach out, indicating the firm's intent to support and protect shareholder interests.
- Market Reaction Expectations: Given the potential undervaluation of the deal, the market may react negatively to Blue Foundry Bancorp's stock price, impacting its performance on NASDAQ and future financing capabilities.
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