Fulton Financial (NASDAQ:FULT) Price Target Raised to $18.00

Fulton Financial (NASDAQ:FULT - Free Report) had its price target lifted by DA Davidson from $15.00 to $18.00 in a research note published on Tuesday morning, Benzinga reports. DA Davidson currently has a neutral rating on the bank's stock.

Several other analysts also recently commented on FULT. Stephens reduced their target price on Fulton Financial from $16.00 to $15.50 and set an equal weight rating for the company in a research note on Thursday, April 18th. Keefe, Bruyette & Woods upped their target price on Fulton Financial from $17.00 to $19.00 and gave the stock a market perform rating in a research report on Tuesday. StockNews.com downgraded shares of Fulton Financial from a hold rating to a sell rating in a research report on Friday. Janney Montgomery Scott upgraded shares of Fulton Financial from a neutral rating to a buy rating and set a $19.50 price objective on the stock in a report on Monday. Finally, Jefferies Financial Group reduced their price objective on shares of Fulton Financial from $17.00 to $16.00 and set a hold rating for the company in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $17.60.

Fulton Financial Stock Down 1.5 %

NASDAQ FULT traded down $0.25 on Tuesday, hitting $16.55. 7,757,978 shares of the company were exchanged, compared to its average volume of 1,335,017. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43. The company has a market cap of $2.68 billion, a PE ratio of 10.27 and a beta of 0.81. The stock has a fifty day moving average of $15.32 and a 200-day moving average of $15.08. Fulton Financial has a 12 month low of $9.64 and a 12 month high of $17.34.

Fulton Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend was Thursday, March 28th. Fulton Financial's payout ratio is currently 42.24%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Morton Brown Family Wealth LLC purchased a new position in Fulton Financial during the fourth quarter worth about $26,000. Blue Trust Inc. grew its stake in shares of Fulton Financial by 82.8% during the fourth quarter. Blue Trust Inc. now owns 1,724 shares of the bank's stock valued at $28,000 after buying an additional 781 shares during the last quarter. Strs Ohio bought a new stake in shares of Fulton Financial in the 4th quarter valued at about $29,000. Disciplined Equity Management Inc. bought a new position in Fulton Financial during the 4th quarter worth approximately $32,000. Finally, YHB Investment Advisors Inc. bought a new stake in Fulton Financial in the first quarter valued at approximately $36,000. Institutional investors own 72.02% of the company's stock.

Fulton Financial Company Profile

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.