DA Davidson Increases Fulton Financial (NASDAQ:FULT) Price Target to $25.00

Fulton Financial (NASDAQ:FULT) had its price target hoisted by DA Davidson from $24.00 to $25.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. DA Davidson’s price objective indicates a potential upside of 1.75% from the company’s current price.

A number of other brokerages have also weighed in on FULT. Wall Street Zen raised Fulton Financial from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings upgraded shares of Fulton Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Raymond James Financial boosted their price objective on shares of Fulton Financial from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Finally, Piper Sandler set a $23.00 price objective on shares of Fulton Financial and gave the company a “neutral” rating in a research report on Friday, June 12th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $23.75.

Fulton Financial Stock Performance

Shares of NASDAQ:FULT opened at $24.57 on Friday. The company has a market cap of $4.70 billion, a P/E ratio of 11.76 and a beta of 0.79. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.90 and a quick ratio of 0.90. Fulton Financial has a 1 year low of $16.60 and a 1 year high of $25.23. The stock’s fifty day moving average price is $23.12 and its 200-day moving average price is $21.68.

Insider Transactions at Fulton Financial

In other Fulton Financial news, Director E Philip Wenger sold 5,000 shares of the business’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $24.14, for a total transaction of $120,700.00. Following the completion of the sale, the director directly owned 75,477 shares in the company, valued at $1,822,014.78. The trade was a 6.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.01% of the company’s stock.

Hedge Funds Weigh In On Fulton Financial

Several institutional investors have recently made changes to their positions in FULT. Dimensional Fund Advisors LP grew its position in Fulton Financial by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 11,177,001 shares of the bank’s stock valued at $227,333,000 after buying an additional 87,813 shares during the period. First Trust Advisors LP boosted its stake in shares of Fulton Financial by 31.2% during the 1st quarter. First Trust Advisors LP now owns 8,050,923 shares of the bank’s stock worth $163,756,000 after acquiring an additional 1,912,709 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Fulton Financial by 29.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,590,883 shares of the bank’s stock worth $88,743,000 after purchasing an additional 1,054,321 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Fulton Financial by 219.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,822,385 shares of the bank’s stock worth $54,557,000 after purchasing an additional 1,939,260 shares in the last quarter. Finally, Norges Bank bought a new position in Fulton Financial in the 4th quarter worth $44,271,000. Institutional investors own 72.02% of the company’s stock.

Fulton Financial Company Profile

Fulton Financial Corporation, trading on the NASDAQ under the ticker FULT, is the financial holding company for Fulton Bank, headquartered in Lancaster, Pennsylvania. The company delivers a broad range of banking and financial services through its subsidiary, Fulton Bank, targeting both individual and corporate clients. Fulton Financial’s offerings include deposit accounts, lending solutions, treasury management, and specialized banking services designed to support personal wealth goals and business growth initiatives.

Through Fulton Bank, the company provides retail banking services such as checking and savings accounts, consumer and residential mortgage loans, and home equity products.