Brokers Set Expectations for FULT FY2025 Earnings

Fulton Financial Corporation (NASDAQ:FULT - Free Report) - Equities research analysts at DA Davidson issued their FY2025 EPS estimates for Fulton Financial in a research report issued to clients and investors on Thursday, July 17th. DA Davidson analyst M. Navas expects that the bank will earn $2.00 per share for the year. DA Davidson currently has a "Neutral" rating and a $20.00 target price on the stock. The consensus estimate for Fulton Financial's current full-year earnings is $1.91 per share.

Several other equities research analysts also recently weighed in on the stock. Keefe, Bruyette & Woods increased their target price on shares of Fulton Financial from $21.00 to $22.00 and gave the stock a "market perform" rating in a research note on Thursday, July 17th. Piper Sandler restated a "neutral" rating on shares of Fulton Financial in a research report on Wednesday, July 9th. Finally, Jefferies Financial Group restated a "hold" rating on shares of Fulton Financial in a research report on Wednesday, July 9th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $21.13.

Fulton Financial Stock Performance

Shares of FULT traded down $0.55 during mid-day trading on Monday, hitting $18.71. 1,487,186 shares of the company's stock were exchanged, compared to its average volume of 1,935,655. Fulton Financial has a fifty-two week low of $14.32 and a fifty-two week high of $22.49. The firm has a market capitalization of $3.40 billion, a P/E ratio of 10.94 and a beta of 0.77. The business's 50 day moving average is $18.09 and its two-hundred day moving average is $18.33. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36.

Fulton Financial (NASDAQ:FULT - Get Free Report) last announced its earnings results on Tuesday, July 15th. The bank reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.12. Fulton Financial had a net margin of 17.00% and a return on equity of 12.44%. The business had revenue of $328.45 million during the quarter, compared to the consensus estimate of $320.47 million. During the same quarter in the prior year, the firm earned $0.52 earnings per share.

Fulton Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, July 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.85%. Fulton Financial's payout ratio is 42.11%.

Institutional Investors Weigh In On Fulton Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Inspire Investing LLC lifted its position in shares of Fulton Financial by 13.2% during the 2nd quarter. Inspire Investing LLC now owns 21,551 shares of the bank's stock valued at $389,000 after acquiring an additional 2,510 shares during the period. KLP Kapitalforvaltning AS lifted its position in shares of Fulton Financial by 8.4% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 38,900 shares of the bank's stock valued at $702,000 after acquiring an additional 3,000 shares during the period. QRG Capital Management Inc. lifted its position in shares of Fulton Financial by 10.6% during the 2nd quarter. QRG Capital Management Inc. now owns 128,144 shares of the bank's stock valued at $2,312,000 after acquiring an additional 12,302 shares during the period. Paragon Capital Management Ltd acquired a new stake in shares of Fulton Financial during the 2nd quarter valued at approximately $216,000. Finally, State of Alaska Department of Revenue lifted its position in shares of Fulton Financial by 7.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 108,186 shares of the bank's stock valued at $1,951,000 after acquiring an additional 7,292 shares during the period. 72.02% of the stock is currently owned by institutional investors and hedge funds.

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.