Fulton Financial (FULT) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fulton Financial in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" FULT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FULT, but not buy additional shares or sell existing shares.
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3 Wall Street analysts have issued 12 month price objectives for Fulton Financial's shares. Their FULT share price forecasts range from $14.00 to $19.50. On average, they anticipate the company's stock price to reach $15.50 in the next twelve months. This suggests a possible upside of 28.5% from the stock's current price.
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Fulton Financial's stock was trading at $16.83 at the beginning of the year. Since then, FULT shares have decreased by 28.3% and is now trading at $12.06.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 18th 2023.
View our FULT earnings forecast.

Fulton Financial Co. (NASDAQ:FULT) issued its quarterly earnings data on Wednesday, April, 19th. The bank reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.48 by $0.09. The bank had revenue of $267.34 million for the quarter, compared to the consensus estimate of $281.45 million. Fulton Financial had a net margin of 24.14% and a trailing twelve-month return on equity of 13.03%. The firm's revenue was up 23.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 EPS.

Fulton Financial declared a quarterly dividend on Tuesday, March 21st. Stockholders of record on Monday, April 3rd will be given a dividend of $0.15 per share on Friday, April 14th. This represents a $0.60 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date is Friday, March 31st.
Read our dividend analysis for FULT.

ETFs with the largest weight of Fulton Financial (NASDAQ:FULT) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco S&P MidCap Low Volatility ETF (XMLV), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco S&P MidCap Value with Momentum ETF (XMVM), SPDR S&P Regional Banking ETF (KRE) and RiverFront Dynamic US Dividend Advantage ETF (RFDA).

Fulton Financial (NASDAQ:FULT) pays an annual dividend of $0.60 per share and currently has a dividend yield of 5.38%. FULT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 35.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FULT will have a dividend payout ratio of 36.81% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FULT.

17 employees have rated Fulton Financial Chief Executive Officer E Philip Wenger on Glassdoor.com. E Philip Wenger has an approval rating of 100% among the company's employees. This puts E Philip Wenger in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Fulton Financial investors own include Penn Virginia Corporation (PVAHQ) (PVAHQ), Verastem (VSTM), Chesapeake Energy (CHKAQ), Second Sight Medical Products (EYES), Clean Energy Fuels (CLNE), BioCryst Pharmaceuticals (BCRX), People's United Financial (PBCT), Pfizer (PFE), Huntington Bancshares (HBAN) and KeyCorp (KEY).

Fulton Financial trades on the NASDAQ under the ticker symbol "FULT."

Fulton Financial's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.62%), Dimensional Fund Advisors LP (7.60%), State Street Corp (4.67%), Geode Capital Management LLC (2.00%), Bank of New York Mellon Corp (1.42%) and Fulton Bank N.A. (1.21%). Insiders that own company stock include Angela M Sargent, Angela M Snyder, Bernadette M Taylor, Curtis J Myers, Daniel R Stolzer, David M Campbell, David M Campbell, E Philip Wenger, George K Martin, George W Hodges, James R Moxley III, James R Moxley III, Mark R Mccollom, Meg R Mueller and Meg R Mueller.
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Shares of FULT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FULT stock can currently be purchased for approximately $12.06.

Fulton Financial (NASDAQ:FULT) has a market capitalization of $1.99 billion and generates $1.09 billion in revenue each year. The bank earns $286.98 million in net income (profit) each year or $1.68 on an earnings per share basis.

The company employs 3,300 workers across the globe.

Fulton Financial's mailing address is ONE PENN SQUARE P. O. BOX 4887, LANCASTER PA, 17604. The official website for the company is www.fult.com. The bank can be reached via phone at (717) 291-2411, via email at jaweber@fult.com, or via fax at 717-291-2695.