Fulton Financial (FULT) Stock Price, News & Analysis

Company Overview

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. The company offers consumer loans products, including home equity loans and lines of credit, automobile loans, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial real estate, commercial and industrial, and construction loans, as well as equipment lease financing loans. In addition, it offers letters of credit, cash management services, and traditional deposit products; and wealth management services, including investment management, trust, brokerage, insurance, and investment advisory services. Further, the company owns trust preferred securities; and sells various life insurance products. It provides its products and services through financial center offices, as well as through a network of automated teller machines, telephone banking, mobile banking, and online banking. Fulton Financial Corporation was founded in 1882 and is headquartered in Lancaster, Pennsylvania.

Key Stats

• Today's Range: $19.26 to $19.87
• 50-Day Range: $17.49 to $21.99
• 52-Week Range: $13.87 to $22.49
• Volume: 4.38 million shs
• Average Volume: 1.45 million shs
• Market Capitalization: $3.57 billion
• P/E Ratio: 12.41
• Dividend Yield: 3.67%
• Price Target: $19.50
• Consensus Rating: Hold

Fulton Financial Stock Analysis - MarketRank™

Fulton Financial scored higher than 49% of companies evaluated by MarketBeat, and ranked 632nd out of 936 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

Fulton Financial has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Fulton Financial has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 3.45%

Earnings Growth

Earnings for Fulton Financial are expected to grow by 3.45% in the coming year, from $1.74 to $1.80 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Fulton Financial is 12.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.73.

Price to Earnings Ratio vs. Sector

The P/E ratio of Fulton Financial is 12.41, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 24.70.

Price to Book Value per Share Ratio

Fulton Financial has a P/B Ratio of 1.25. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.16% of the outstanding shares of Fulton Financial have been sold short.

Short Interest Ratio / Days to Cover

Fulton Financial has a short interest ratio ("days to cover") of 4.

Change versus previous month

Short interest in Fulton Financial has recently decreased by 5.89%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Fulton Financial pays a meaningful dividend of 3.32%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Fulton Financial does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Fulton Financial is 45.57%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Fulton Financial will have a dividend payout ratio of 40.00% next year. This indicates that Fulton Financial will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.16% of the outstanding shares of Fulton Financial have been sold short.

Short Interest Ratio / Days to Cover

Fulton Financial has a short interest ratio ("days to cover") of 4.

Change versus previous month

Short interest in Fulton Financial has recently decreased by 5.89%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.63

News Sentiment

Fulton Financial has a news sentiment score of 0.63. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.74 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 20 news articles for Fulton Financial this week, compared to 6 articles on an average week.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Fulton Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $511,903.00 in company stock.

Percentage Held by Insiders

Only 1.07% of the stock of Fulton Financial is held by insiders.

Percentage Held by Institutions

72.02% of the stock of Fulton Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FULT Stock Analysis - Frequently Asked Questions

How have FULT shares performed this year?

Fulton Financial's stock was trading at $16.46 at the start of the year. Since then, FULT stock has increased by 19.1% and is now trading at $19.60.
View the best growth stocks for 2024 here.

How were Fulton Financial's earnings last quarter?

Fulton Financial Co. (NASDAQ:FULT) released its quarterly earnings data on Tuesday, October, 15th. The bank reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.06. The bank had revenue of $487.33 million for the quarter, compared to analyst estimates of $321 million. Fulton Financial had a trailing twelve-month return on equity of 11.33% and a net margin of 16.37%.

Who are Fulton Financial's major shareholders?

Top institutional shareholders of Fulton Financial include State Street Corp (5.79%), Geode Capital Management LLC (2.40%), Janus Henderson Group PLC (1.36%) and Charles Schwab Investment Management Inc. (1.30%). Insiders that own company stock include E Philip Wenger, Curtis J Myers, Meg R Mueller, James R Moxley III, Mark R Mccollom, Angela M Sargent, Angela M Snyder, David M Campbell, George W Hodges and George K Martin.
View institutional ownership trends.

How do I buy shares of Fulton Financial?

Shares of FULT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Fulton Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Fulton Financial investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Ex-Dividend for 10/15 Dividend: 10/01/2024
• Last Earnings: 10/15/2024
• Dividend Payable: 10/15/2024
• Today: 12/22/2024
• Ex-Dividend for 1/15 Dividend: 12/31/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/15/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: National commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:FULT
• CUSIP: 36027110
• CIK: 700564
• Web: www.fult.com
• Phone: (717) 291-2411
• Fax: 717-291-2695
• Employees: 3,400
• Year Founded: 1882

Price Target and Rating

• Average Stock Price Target: $19.50
• High Stock Price Target: $23.00
• Low Stock Price Target: $17.50
• Potential Upside/Downside: -0.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.40
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.58
• Trailing P/E Ratio: 12.41
• Forward P/E Ratio: 11.26
• P/E Growth: N/A
• Net Income: $284.28 million
• Net Margins: 16.37%
• Pretax Margin: 19.54%
• Return on Equity: 11.33%
• Return on Assets: 1.05%

Debt

• Debt-to-Equity Ratio: 0.32
• Current Ratio: 0.93
• Quick Ratio: 0.93

Sales & Book Value

• Annual Sales: $1.13 billion
• Price / Sales: 3.17
• Cash Flow: $1.90 per share
• Price / Cash Flow: 10.30
• Book Value: $15.64 per share
• Price / Book: 1.25

Miscellaneous

• Outstanding Shares: 182,025,000
• Free Float: 180,077,000
• Market Cap: $3.57 billion
• Optionable: Optionable
• Beta: 0.78