Fulton Financial Co. (NASDAQ:FULT) Receives $14.60 Average PT from Brokerages

Shares of Fulton Financial Co. (NASDAQ:FULT - Get Free Report) have been given a consensus recommendation of "Hold" by the four analysts that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $15.40.

Several equities research analysts recently issued reports on FULT shares. StockNews.com raised Fulton Financial from a "sell" rating to a "hold" rating in a research note on Wednesday, March 13th. Keefe, Bruyette & Woods increased their price objective on Fulton Financial from $16.00 to $17.00 and gave the stock a "market perform" rating in a research note on Thursday, January 18th. Jefferies Financial Group reduced their price objective on Fulton Financial from $17.00 to $16.00 and set a "hold" rating for the company in a research note on Monday. Finally, Stephens reissued an "equal weight" rating and issued a $16.00 price objective on shares of Fulton Financial in a research note on Wednesday, January 17th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FULT. Morton Brown Family Wealth LLC acquired a new stake in Fulton Financial in the 4th quarter valued at approximately $26,000. DT Investment Partners LLC increased its holdings in Fulton Financial by 576.4% during the 2nd quarter. DT Investment Partners LLC now owns 2,347 shares of the bank's stock valued at $28,000 after purchasing an additional 2,000 shares in the last quarter. Blue Trust Inc. increased its holdings in Fulton Financial by 82.8% during the 4th quarter. Blue Trust Inc. now owns 1,724 shares of the bank's stock valued at $28,000 after purchasing an additional 781 shares in the last quarter. Strs Ohio acquired a new stake in shares of Fulton Financial in the 4th quarter valued at $29,000. Finally, Disciplined Equity Management Inc. acquired a new stake in shares of Fulton Financial in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 72.02% of the company's stock.

Fulton Financial Trading Up 1.0 %

Shares of NASDAQ FULT traded up $0.16 during mid-day trading on Monday, hitting $15.48. 543,112 shares of the company traded hands, compared to its average volume of 1,101,436. Fulton Financial has a 1 year low of $9.64 and a 1 year high of $17.06. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 9.44 and a beta of 0.81. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average of $15.41 and a two-hundred day moving average of $14.76.

Fulton Financial (NASDAQ:FULT - Get Free Report) last announced its earnings results on Wednesday, January 17th. The bank reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. The business had revenue of $271.38 million during the quarter, compared to the consensus estimate of $268.70 million. Fulton Financial had a return on equity of 12.01% and a net margin of 18.94%. Fulton Financial's revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.48 earnings per share. On average, sell-side analysts anticipate that Fulton Financial will post 1.51 earnings per share for the current fiscal year.

Fulton Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, April 1st will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.39%. The ex-dividend date is Thursday, March 28th. Fulton Financial's payout ratio is currently 41.46%.

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.