FY2026 EPS Forecast for Fulton Financial Raised by Analyst

Fulton Financial Corporation (NASDAQ:FULT - Free Report) - Equities research analysts at DA Davidson lifted their FY2026 earnings per share (EPS) estimates for shares of Fulton Financial in a research note issued to investors on Tuesday, July 1st. DA Davidson analyst M. Navas now expects that the bank will earn $2.05 per share for the year, up from their previous forecast of $2.00. 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 analysts have also weighed in on FULT. Piper Sandler decreased their price target on Fulton Financial from $22.00 to $20.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Keefe, Bruyette & Woods decreased their price target on Fulton Financial from $24.00 to $21.00 and set a "market perform" rating on the stock in a report on Thursday, April 17th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $20.30.

Fulton Financial Price Performance

Shares of FULT traded up $0.22 during mid-day trading on Thursday, hitting $19.10. 826,129 shares of the stock were exchanged, compared to its average volume of 1,408,051. The company has a market cap of $3.47 billion, a PE ratio of 11.23 and a beta of 0.77. Fulton Financial has a 52-week low of $14.33 and a 52-week high of $22.49. The firm has a 50-day moving average of $17.49 and a two-hundred day moving average of $18.38. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.92 and a current ratio of 0.92.

Fulton Financial (NASDAQ:FULT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.08. The business had revenue of $322.64 million for the quarter, compared to analysts' expectations of $315.07 million. Fulton Financial had a return on equity of 12.19% and a net margin of 16.59%. During the same period in the prior year, the firm earned $0.40 EPS.

Fulton Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, July 1st. This represents a $0.72 annualized dividend and a yield of 3.77%. Fulton Financial's payout ratio is presently 42.35%.

Institutional Trading of Fulton Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Fulton Financial by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 22,383,504 shares of the bank's stock worth $431,554,000 after purchasing an additional 285,376 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in Fulton Financial by 5.3% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,321,387 shares of the bank's stock worth $83,316,000 after purchasing an additional 216,118 shares during the period. Janus Henderson Group PLC increased its stake in Fulton Financial by 1.9% in the fourth quarter. Janus Henderson Group PLC now owns 2,517,149 shares of the bank's stock worth $48,530,000 after purchasing an additional 47,338 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Fulton Financial by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,377,428 shares of the bank's stock worth $45,837,000 after buying an additional 19,329 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Fulton Financial during the 4th quarter worth $38,010,000. Hedge funds and other institutional investors 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.