Fulton Financial (FULT) Projected to Post Quarterly Earnings on Tuesday

Fulton Financial (NASDAQ:FULT - Get Free Report) is expected to release its earnings data after the market closes on Tuesday, April 15th. Analysts expect Fulton Financial to post earnings of $0.44 per share and revenue of $315.07 million for the quarter. Parties interested in registering for the company's conference call can do so using this link.

Fulton Financial (NASDAQ:FULT - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.06. Fulton Financial had a net margin of 15.87% and a return on equity of 11.41%. During the same quarter in the prior year, the business posted $0.42 earnings per share. On average, analysts expect Fulton Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Fulton Financial Price Performance

Shares of FULT traded down $0.04 on Friday, reaching $15.19. The stock had a trading volume of 1,533,121 shares, compared to its average volume of 1,526,834. The firm has a 50-day moving average of $18.46 and a 200 day moving average of $19.26. The firm has a market capitalization of $2.77 billion, a PE ratio of 9.68 and a beta of 0.68. Fulton Financial has a twelve month low of $13.87 and a twelve month high of $22.49. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Tuesday, April 1st. Fulton Financial's dividend payout ratio is currently 45.86%.

Insider Activity at Fulton Financial

In other Fulton Financial news, President Angela M. Snyder sold 13,322 shares of Fulton Financial stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $20.69, for a total value of $275,632.18. Following the completion of the sale, the president now owns 63,682 shares in the company, valued at $1,317,580.58. The trade was a 17.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.07% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on FULT. Keefe, Bruyette & Woods boosted their price objective on shares of Fulton Financial from $23.00 to $24.00 and gave the stock a "market perform" rating in a research report on Thursday, January 23rd. StockNews.com raised shares of Fulton Financial from a "sell" rating to a "hold" rating in a report on Thursday, January 23rd. Hovde Group raised their price objective on shares of Fulton Financial from $22.00 to $22.50 and gave the stock a "market perform" rating in a research note on Monday, January 27th. Finally, DA Davidson lifted their price objective on Fulton Financial from $21.00 to $22.00 and gave the stock a "neutral" rating in a research report on Friday, January 24th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $20.64.

About Fulton Financial

Fulton 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.