Fulton Financial (NASDAQ:FULT – Get Free Report) issued its quarterly earnings results on Wednesday. The bank reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.07, FiscalAI reports. Fulton Financial had a net margin of 20.63% and a return on equity of 13.01%. The company had revenue of $363.56 million during the quarter, compared to the consensus estimate of $358.83 million. During the same quarter in the previous year, the firm earned $0.55 earnings per share. The firm’s quarterly revenue was up 12.2% on a year-over-year basis.
Fulton Financial Stock Down 0.7%
FULT stock opened at $24.26 on Friday. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 11.61 and a beta of 0.79. The company has a fifty day moving average price of $23.05 and a 200 day moving average price of $21.65. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.90 and a quick ratio of 0.90. Fulton Financial has a 12 month low of $16.60 and a 12 month high of $25.23.
Fulton Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued 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 payout ratio is presently 36.36%.
Analyst Ratings Changes
View Our Latest Analysis on FULT
Key Fulton Financial News
Here are the key news stories impacting Fulton Financial this week:
- Positive Sentiment: Fulton Financial beat Q2 estimates, reporting adjusted EPS of $0.60 versus the $0.53 consensus and revenue of $363.56 million versus $358.83 million expected, signaling solid operating performance. Fulton Financial earnings report and transcript
- Positive Sentiment: Management said acquisition benefits are helping lift earnings, and the company forecast 2026 net interest income of $1.12 billion to $1.135 billion while it integrates Blue Foundry, suggesting continued growth potential. Seeking Alpha forecast article
- Neutral Sentiment: In the company’s earnings call and transcript, Fulton Financial highlighted Q2 results and integration progress, but no major new guidance changes beyond the net interest income outlook were disclosed. TipRanks earnings call summary
- Neutral Sentiment: Reported net income available to common shareholders was $99.9 million, or $0.52 per diluted share, up modestly from Q1, reinforcing steady but not dramatic earnings growth. PR Newswire Q2 results
Insider Activity at Fulton Financial
In other news, Director E Philip Wenger sold 5,000 shares of the company’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $24.14, for a total value of $120,700.00. Following the completion of the sale, the director directly owned 75,477 shares of the company’s stock, valued at approximately $1,822,014.78. This represents a 6.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.01% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. boosted its stake in shares of Fulton Financial by 0.8% during the 2nd quarter. Raymond James Financial Inc. now owns 88,351 shares of the bank’s stock worth $1,594,000 after acquiring an additional 741 shares in the last quarter. Parallel Advisors LLC boosted its position in Fulton Financial by 69.0% during the third quarter. Parallel Advisors LLC now owns 1,903 shares of the bank’s stock worth $35,000 after purchasing an additional 777 shares in the last quarter. Cerity Partners LLC increased its position in shares of Fulton Financial by 2.6% in the fourth quarter. Cerity Partners LLC now owns 36,528 shares of the bank’s stock valued at $706,000 after buying an additional 929 shares in the last quarter. Glenmede Investment Management LP boosted its position in shares of Fulton Financial by 4.2% in the 3rd quarter. Glenmede Investment Management LP now owns 27,060 shares of the bank’s stock worth $504,000 after buying an additional 1,098 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Fulton Financial during the fourth quarter worth about $25,000. 72.02% of the stock is currently owned by hedge funds and other institutional investors.
Fulton Financial Company Profile
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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