Analysts Set Expectations for FULT Q1 Earnings

Fulton Financial Co. (NASDAQ:FULT - Free Report) - DA Davidson issued their Q1 2025 EPS estimates for Fulton Financial in a report issued on Friday, January 24th. DA Davidson analyst M. Navas anticipates that the bank will post earnings per share of $0.42 for the quarter. DA Davidson has a "Neutral" rating and a $22.00 price objective on the stock. The consensus estimate for Fulton Financial's current full-year earnings is $1.79 per share.

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 return on equity of 11.41% and a net margin of 15.87%. During the same quarter in the prior year, the firm earned $0.42 earnings per share.

Other equities analysts have also issued research reports about the stock. Hovde Group lifted their target price on shares of Fulton Financial from $22.00 to $22.50 and gave the company a "market perform" rating in a report on Monday. Stephens upgraded Fulton Financial from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 9th. Piper Sandler set a $21.00 target price on Fulton Financial in a research note on Thursday, October 17th. Keefe, Bruyette & Woods raised their target price on Fulton Financial from $23.00 to $24.00 and gave the company a "market perform" rating in a report on Thursday. Finally, StockNews.com upgraded Fulton Financial from a "sell" rating to a "hold" rating in a report on Thursday. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $20.64.

Fulton Financial Trading Up 0.1 %

NASDAQ FULT traded up $0.02 during mid-day trading on Monday, hitting $20.58. The company's stock had a trading volume of 1,574,870 shares, compared to its average volume of 1,751,448. The firm has a market capitalization of $3.75 billion, a P/E ratio of 13.11 and a beta of 0.79. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.90 and a quick ratio of 0.93. Fulton Financial has a 52-week low of $13.87 and a 52-week high of $22.49. The stock's fifty day simple moving average is $20.46 and its two-hundred day simple moving average is $19.17.

Fulton Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.50%. This is an increase from Fulton Financial's previous quarterly dividend of $0.17. Fulton Financial's dividend payout ratio (DPR) is presently 45.86%.

Insider Buying and Selling

In related 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 transaction, the president now directly owns 63,682 shares in the company, valued at approximately $1,317,580.58. This trade represents a 17.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Curtis J. Myers sold 24,192 shares of the company's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $21.16, for a total value of $511,902.72. Following the sale, the chief executive officer now owns 155,946 shares in the company, valued at $3,299,817.36. The trade was a 13.43 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.07% of the company's stock.

Hedge Funds Weigh In On Fulton Financial

Several large investors have recently added to or reduced their stakes in the company. Millennium Management LLC raised its holdings in shares of Fulton Financial by 511.1% during the second quarter. Millennium Management LLC now owns 3,256,000 shares of the bank's stock worth $55,287,000 after purchasing an additional 2,723,170 shares during the period. Emerald Advisers LLC grew its position in shares of Fulton Financial by 213.6% during the 3rd quarter. Emerald Advisers LLC now owns 1,307,559 shares of the bank's stock valued at $23,706,000 after buying an additional 890,630 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its position in shares of Fulton Financial by 272.2% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 861,691 shares of the bank's stock valued at $15,622,000 after buying an additional 630,152 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Fulton Financial by 710.0% during the second quarter. The Manufacturers Life Insurance Company now owns 699,652 shares of the bank's stock worth $11,880,000 after acquiring an additional 613,272 shares during the period. Finally, State Street Corp boosted its stake in Fulton Financial by 4.4% in the third quarter. State Street Corp now owns 10,544,159 shares of the bank's stock valued at $191,166,000 after acquiring an additional 444,219 shares during the period. 72.02% of the stock is currently owned by institutional investors.

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.