Shares of Fulton Financial Corporation (NASDAQ:FULT – Get Free Report) have been given a consensus rating of “Hold” by the six ratings firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $23.50.
Several research analysts have weighed in on FULT shares. Piper Sandler set a $23.00 price target on Fulton Financial and gave the stock a “neutral” rating in a research report on Friday, June 12th. Raymond James Financial raised their target price on shares of Fulton Financial from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Wall Street Zen downgraded shares of Fulton Financial from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. Finally, Weiss Ratings upgraded shares of Fulton Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st.
Read Our Latest Analysis on Fulton Financial
Insider Buying and Selling at Fulton Financial
Hedge Funds Weigh In On Fulton Financial
Hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new stake in Fulton Financial in the fourth quarter valued at approximately $25,000. Root Financial Partners LLC boosted its stake in shares of Fulton Financial by 89.9% during the 1st quarter. Root Financial Partners LLC now owns 1,282 shares of the bank’s stock worth $26,000 after acquiring an additional 607 shares during the period. Eurizon Capital SGR S.p.A. acquired a new position in shares of Fulton Financial during the 4th quarter worth approximately $27,000. V Square Quantitative Management LLC acquired a new position in shares of Fulton Financial during the 4th quarter worth approximately $28,000. Finally, Torren Management LLC acquired a new position in shares of Fulton Financial during the 4th quarter worth approximately $28,000. Institutional investors own 72.02% of the company’s stock.
Fulton Financial Price Performance
Shares of NASDAQ FULT opened at $24.79 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.90 and a quick ratio of 0.90. The business has a 50-day moving average of $22.77 and a 200-day moving average of $21.49. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of 11.80 and a beta of 0.79. Fulton Financial has a fifty-two week low of $16.60 and a fifty-two week high of $25.23.
Fulton Financial (NASDAQ:FULT – Get Free Report) last released its earnings results on Wednesday, April 22nd. The bank reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. Fulton Financial had a return on equity of 12.69% and a net margin of 20.85%.The business had revenue of $331.86 million for the quarter, compared to analyst estimates of $359.36 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. As a group, sell-side analysts predict that Fulton Financial will post 2.18 earnings per share for the current fiscal year.
Fulton Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, July 1st. Fulton Financial’s dividend payout ratio (DPR) is 36.19%.
About Fulton Financial
Fulton Financial Corporation, trading on the NASDAQ under the ticker FULT, is the financial holding company for Fulton Bank, headquartered in Lancaster, Pennsylvania. The company delivers a broad range of banking and financial services through its subsidiary, Fulton Bank, targeting both individual and corporate clients. Fulton Financial’s offerings include deposit accounts, lending solutions, treasury management, and specialized banking services designed to support personal wealth goals and business growth initiatives.
Through Fulton Bank, the company provides retail banking services such as checking and savings accounts, consumer and residential mortgage loans, and home equity products.
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