Shares of Fulton Financial Co. (NASDAQ:FULT - Get Free Report) have been given an average recommendation of "Hold" by the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $19.79.
A number of equities analysts have recently commented on FULT shares. Hovde Group lifted their price target on shares of Fulton Financial from $22.00 to $22.50 and gave the company a "market perform" rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods cut their target price on shares of Fulton Financial from $24.00 to $21.00 and set a "market perform" rating for the company in a research report on Thursday, April 17th. StockNews.com raised Fulton Financial from a "sell" rating to a "hold" rating in a research report on Thursday, January 23rd. DA Davidson reiterated a "neutral" rating and issued a $20.00 price objective on shares of Fulton Financial in a research note on Wednesday, April 16th. Finally, Piper Sandler decreased their target price on Fulton Financial from $22.00 to $20.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th.
Check Out Our Latest Analysis on Fulton Financial
Insider Activity at Fulton Financial
In other Fulton Financial news, President Angela M. Snyder sold 13,322 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $20.69, for a total value of $275,632.18. Following the sale, the president now owns 63,682 shares of the company's stock, valued at $1,317,580.58. The trade was a 17.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.07% of the stock is currently owned by corporate insiders.
Institutional Trading of Fulton Financial
Several institutional investors have recently made changes to their positions in FULT. Jones Financial Companies Lllp lifted its stake in Fulton Financial by 193.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,294 shares of the bank's stock worth $25,000 after purchasing an additional 853 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of Fulton Financial by 57.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,200 shares of the bank's stock worth $42,000 after buying an additional 800 shares during the period. McClarren Financial Advisors Inc. acquired a new stake in Fulton Financial in the 4th quarter valued at $44,000. GAMMA Investing LLC grew its position in Fulton Financial by 42.2% in the first quarter. GAMMA Investing LLC now owns 3,072 shares of the bank's stock valued at $56,000 after acquiring an additional 911 shares during the period. Finally, Byrne Asset Management LLC grew its position in Fulton Financial by 114.5% in the first quarter. Byrne Asset Management LLC now owns 3,217 shares of the bank's stock valued at $58,000 after acquiring an additional 1,717 shares during the period. 72.02% of the stock is currently owned by institutional investors and hedge funds.
Fulton Financial Stock Up 1.4 %
Shares of FULT traded up $0.23 during mid-day trading on Friday, hitting $16.44. 1,423,965 shares of the company's stock were exchanged, compared to its average volume of 1,560,830. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 10.47 and a beta of 0.68. The firm has a fifty day moving average of $17.72 and a two-hundred day moving average of $19.16. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.32. Fulton Financial has a twelve month low of $14.33 and a twelve month high of $22.49.
Fulton Financial (NASDAQ:FULT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The bank reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.08. Fulton Financial had a return on equity of 11.41% and a net margin of 15.87%. The business had revenue of $322.64 million for the quarter, compared to analyst estimates of $315.07 million. During the same quarter in the prior year, the firm posted $0.40 EPS. On average, sell-side analysts forecast that Fulton Financial will post 1.91 earnings per share for the current year.
Fulton Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 4.38%. The ex-dividend date was Tuesday, April 1st. Fulton Financial's payout ratio is presently 42.35%.
Fulton Financial Company Profile
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Get Free ReportFulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts.
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