Fulton Financial (NASDAQ:FULT) Price Target Raised to $20.00

Fulton Financial (NASDAQ:FULT - Get Free Report) had its price objective raised by research analysts at DA Davidson from $17.00 to $20.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the bank's stock. DA Davidson's price objective suggests a potential upside of 1.95% from the stock's previous close. DA Davidson also issued estimates for Fulton Financial's Q3 2025 earnings at $0.50 EPS and FY2026 earnings at $2.10 EPS.

A number of other brokerages also recently issued reports on FULT. Jefferies Financial Group reaffirmed a "hold" rating on shares of Fulton Financial in a research report on Wednesday, July 9th. Piper Sandler restated a "neutral" rating on shares of Fulton Financial in a report on Wednesday, July 9th. Finally, Keefe, Bruyette & Woods lifted their price objective on Fulton Financial from $21.00 to $22.00 and gave the company a "market perform" rating in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $21.13.

Fulton Financial Trading Down 0.0%

Shares of FULT stock traded down $0.00 on Thursday, hitting $19.62. 767,154 shares of the company's stock traded hands, compared to its average volume of 1,401,312. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 0.89. Fulton Financial has a one year low of $14.33 and a one year high of $22.49. The company's fifty day simple moving average is $18.02 and its 200 day simple moving average is $18.32. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 11.46 and a beta of 0.77.

Fulton Financial (NASDAQ:FULT - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The bank reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.12. The business had revenue of $328.45 million for the quarter, compared to analysts' expectations of $320.47 million. Fulton Financial had a net margin of 17.00% and a return on equity of 12.44%. During the same quarter in the previous year, the business posted $0.52 earnings per share. Equities analysts forecast that Fulton Financial will post 1.91 EPS for the current year.

Hedge Funds Weigh In On Fulton Financial

Institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp increased its position 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 last quarter. Quarry LP increased its position in Fulton Financial by 1,669.6% during the first quarter. Quarry LP now owns 1,982 shares of the bank's stock worth $36,000 after purchasing an additional 1,870 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Fulton Financial by 57.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,200 shares of the bank's stock worth $42,000 after purchasing an additional 800 shares during the last quarter. GAMMA Investing LLC grew its stake in Fulton Financial by 42.2% during the first quarter. GAMMA Investing LLC now owns 3,072 shares of the bank's stock worth $56,000 after buying an additional 911 shares during the period. Finally, Byrne Asset Management LLC grew its stake in Fulton Financial by 114.5% during the first quarter. Byrne Asset Management LLC now owns 3,217 shares of the bank's stock worth $58,000 after buying an additional 1,717 shares during the period. Institutional investors and hedge funds own 72.02% of the company's stock.

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.