Fulton Financial (NASDAQ:FULT) issued its earnings results on Monday. The bank reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.01), MarketWatch Earnings reports. Fulton Financial had a return on equity of 7.75% and a net margin of 18.30%. During the same quarter in the previous year, the firm posted $0.33 earnings per share.
Shares of FULT traded down $0.41 during trading hours on Wednesday, reaching $14.39. 29,231 shares of the stock traded hands, compared to its average volume of 1,238,063. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.54. Fulton Financial has a 52-week low of $8.89 and a 52-week high of $17.48. The company’s 50-day moving average price is $13.28 and its two-hundred day moving average price is $11.16. The company has a market cap of $2.33 billion, a P/E ratio of 13.33 and a beta of 0.82.
The company also recently announced a quarterly dividend, which was paid on Friday, January 15th. Investors of record on Thursday, December 31st were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Wednesday, December 30th. Fulton Financial’s dividend payout ratio (DPR) is 37.41%.
FULT has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Fulton Financial from a “hold” rating to a “strong-buy” rating and set a $14.00 price target on the stock in a research note on Wednesday, December 23rd. TheStreet upgraded shares of Fulton Financial from a “c+” rating to a “b-” rating in a research note on Tuesday, November 10th.
About Fulton Financial
Fulton Financial Corporation operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company also offers consumer loans, including home equity loans and lines of credit, automobile loans, equipment leases, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial, financial, agricultural, and real estate loans.
Featured Story: What is Call Option Volume?
Receive News & Ratings for Fulton Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fulton Financial and related companies with MarketBeat.com's FREE daily email newsletter.