Fulton Financial Corporation (NASDAQ:FULT) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Consensus "Hold": Seven analysts give Fulton Financial a consensus Hold rating (5 holds, 2 buys) with an average 12‑month price target of $23.00.
• Quarterly results: Fulton beat EPS estimates with $0.55 vs. $0.50 expected but missed revenue ($331.9M vs. $359.4M estimated); the bank pays a quarterly dividend of $0.19 (≈3.5% yield).
• Insider and institutional activity: Director E. Philip Wenger sold 5,000 shares at $21.42 (reducing his stake by 5.85%); insiders own 0.01% while institutional investors hold about 72.0% of the stock.

Fulton Financial Corporation (NASDAQ:FULT - Get Free Report) has been assigned a consensus rating of "Hold" from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $23.00.

A number of brokerages recently issued reports on FULT. Weiss Ratings upgraded shares of Fulton Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, February 27th. DA Davidson initiated coverage on shares of Fulton Financial in a research report on Wednesday, February 25th. They issued a "neutral" rating and a $24.00 price objective on the stock. Wall Street Zen upgraded shares of Fulton Financial from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $24.00 price objective on shares of Fulton Financial in a research report on Monday.

Insider Buying and Selling at Fulton Financial

In other news, Director E Philip Wenger sold 5,000 shares of the firm's stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $21.42, for a total transaction of $107,100.00. Following the sale, the director owned 80,477 shares of the company's stock, valued at approximately $1,723,817.34. This trade represents a 5.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.01% of the company's stock.

Institutional Investors Weigh In On Fulton Financial

A number of institutional investors and hedge funds have recently bought and sold shares of FULT. Root Financial Partners LLC increased its stake in shares of Fulton Financial by 89.9% during the first quarter. Root Financial Partners LLC now owns 1,282 shares of the bank's stock worth $26,000 after acquiring an additional 607 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of Fulton Financial in the fourth quarter valued at $25,000. Eurizon Capital SGR S.p.A. acquired a new position in Fulton Financial during the fourth quarter worth about $27,000. Torren Management LLC acquired a new position in shares of Fulton Financial during the 4th quarter worth approximately $28,000. Finally, V Square Quantitative Management LLC acquired a new position in shares of Fulton Financial in the fourth quarter worth $28,000. 72.02% of the stock is owned by hedge funds and other institutional investors.

Fulton Financial Trading Up 2.3%

FULT opened at $21.92 on Tuesday. The business has a fifty day moving average price of $20.84 and a 200 day moving average price of $19.81. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.90 and a quick ratio of 0.90. Fulton Financial has a 12 month low of $16.31 and a 12 month high of $22.99. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 10.44 and a beta of 0.81.

Fulton Financial (NASDAQ:FULT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. The company had revenue of $331.86 million for the quarter, compared to analyst estimates of $359.36 million. Fulton Financial had a return on equity of 12.50% and a net margin of 20.85%.During the same quarter last year, the company earned $0.52 EPS. Sell-side analysts expect that Fulton Financial will post 2.1 earnings per share for the current fiscal year.

Fulton Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Wednesday, April 1st. Fulton Financial's dividend payout ratio is currently 36.19%.

About Fulton Financial

Fulton Financial Corporation, trading on the NASDAQ under the ticker FULT, is the financial holding company for Fulton Bank, headquartered in Lancaster, Pennsylvania. The company delivers a broad range of banking and financial services through its subsidiary, Fulton Bank, targeting both individual and corporate clients. Fulton Financial's offerings include deposit accounts, lending solutions, treasury management, and specialized banking services designed to support personal wealth goals and business growth initiatives.

Through Fulton Bank, the company provides retail banking services such as checking and savings accounts, consumer and residential mortgage loans, and home equity products.

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