Fulton Financial (NASDAQ:FULT – Get Free Report) had its price target increased by analysts at DA Davidson from $24.00 to $25.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. DA Davidson’s price objective would indicate a potential upside of 1.75% from the stock’s current price.
FULT has been the topic of a number of other reports. Weiss Ratings raised Fulton Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Piper Sandler set a $23.00 price objective on Fulton Financial and gave the stock a “neutral” rating in a research report on Friday, June 12th. Wall Street Zen upgraded Fulton Financial from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Raymond James Financial upped their target price on Fulton Financial from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $23.75.
View Our Latest Analysis on FULT
Fulton Financial Stock Performance
Insider Transactions at Fulton Financial
In other Fulton Financial news, Director E Philip Wenger sold 5,000 shares of Fulton Financial stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $24.14, for a total transaction of $120,700.00. Following the completion of the sale, the director owned 75,477 shares of the company’s stock, valued at approximately $1,822,014.78. The trade was a 6.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.01% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Fulton Financial by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 11,177,001 shares of the bank’s stock worth $227,333,000 after purchasing an additional 87,813 shares during the last quarter. First Trust Advisors LP raised its position in Fulton Financial by 31.2% during the 1st quarter. First Trust Advisors LP now owns 8,050,923 shares of the bank’s stock worth $163,756,000 after buying an additional 1,912,709 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Fulton Financial by 29.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,590,883 shares of the bank’s stock worth $88,743,000 after buying an additional 1,054,321 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Fulton Financial by 219.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,822,385 shares of the bank’s stock valued at $54,557,000 after acquiring an additional 1,939,260 shares during the period. Finally, Norges Bank acquired a new stake in Fulton Financial during the 4th quarter valued at approximately $44,271,000. 72.02% of the stock is owned by institutional investors and hedge funds.
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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