Weekly Research Analysts’ Ratings Updates for Fulton Financial (FULT)

Fulton Financial (NASDAQ: FULT) recently received a number of ratings updates from brokerages and research firms:

  • 4/5/2018 – Fulton Financial was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Fulton Financial Corp. is a bank holding company. It provides retail and commercial banking and investment management and trust services in central and eastern Pennsylvania, southern New Jersey, northern Maryland and southern Delaware through its wholly-owned subsidiaries: Fulton Bank, Lebanon Valley Farmers Bank, Swineford National Bank, Lafayette Ambassador Bank, FNB Bank, N.A., Great Valley Bank, Hagerstown Trust Company, Delaware National Bank, The Bank of Gloucester County, The Woodstown National Bank & Trust Company, and The Peoples Bank of Elkton. “
  • 4/4/2018 – Fulton Financial was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 3/29/2018 – Fulton Financial was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Fulton Financial Corp. is a bank holding company. It provides retail and commercial banking and investment management and trust services in central and eastern Pennsylvania, southern New Jersey, northern Maryland and southern Delaware through its wholly-owned subsidiaries: Fulton Bank, Lebanon Valley Farmers Bank, Swineford National Bank, Lafayette Ambassador Bank, FNB Bank, N.A., Great Valley Bank, Hagerstown Trust Company, Delaware National Bank, The Bank of Gloucester County, The Woodstown National Bank & Trust Company, and The Peoples Bank of Elkton. “
  • 3/26/2018 – Fulton Financial is now covered by analysts at DA Davidson. They set a “neutral” rating and a $18.00 price target on the stock.
  • 3/13/2018 – Fulton Financial was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Fulton Financial Corp. is a bank holding company. It provides retail and commercial banking and investment management and trust services in central and eastern Pennsylvania, southern New Jersey, northern Maryland and southern Delaware through its wholly-owned subsidiaries: Fulton Bank, Lebanon Valley Farmers Bank, Swineford National Bank, Lafayette Ambassador Bank, FNB Bank, N.A., Great Valley Bank, Hagerstown Trust Company, Delaware National Bank, The Bank of Gloucester County, The Woodstown National Bank & Trust Company, and The Peoples Bank of Elkton. “
  • 3/8/2018 – Fulton Financial was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 2/13/2018 – Fulton Financial was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Fulton Financial Corp. is a bank holding company. It provides retail and commercial banking and investment management and trust services in central and eastern Pennsylvania, southern New Jersey, northern Maryland and southern Delaware through its wholly-owned subsidiaries: Fulton Bank, Lebanon Valley Farmers Bank, Swineford National Bank, Lafayette Ambassador Bank, FNB Bank, N.A., Great Valley Bank, Hagerstown Trust Company, Delaware National Bank, The Bank of Gloucester County, The Woodstown National Bank & Trust Company, and The Peoples Bank of Elkton. “
  • 2/9/2018 – Fulton Financial was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of FULT stock opened at $17.35 on Monday. Fulton Financial Co. has a 1 year low of $16.45 and a 1 year high of $19.90. The firm has a market cap of $3,042.19, a P/E ratio of 16.21, a P/E/G ratio of 1.73 and a beta of 1.01. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.98 and a current ratio of 0.98.

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Fulton Financial (NASDAQ:FULT) last announced its earnings results on Monday, January 22nd. The bank reported $0.28 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.28. Fulton Financial had a net margin of 19.59% and a return on equity of 8.51%. The business had revenue of $206.37 million for the quarter, compared to analyst estimates of $201.30 million. During the same quarter in the previous year, the firm posted $0.24 earnings per share. Fulton Financial’s revenue was up 11.6% compared to the same quarter last year. analysts predict that Fulton Financial Co. will post 1.25 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Monday, April 2nd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $0.48 dividend on an annualized basis and a yield of 2.77%. This is a positive change from Fulton Financial’s previous quarterly dividend of $0.11. Fulton Financial’s payout ratio is 44.86%.

Hedge funds have recently made changes to their positions in the stock. Zeke Capital Advisors LLC bought a new position in Fulton Financial during the fourth quarter worth $191,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Fulton Financial by 46.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,306 shares of the bank’s stock valued at $202,000 after buying an additional 3,585 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Fulton Financial in the 4th quarter valued at $208,000. Tower Bridge Advisors bought a new stake in Fulton Financial in the 4th quarter valued at $219,000. Finally, JOYN Advisors Inc. bought a new stake in Fulton Financial in the 4th quarter valued at $245,000. 63.37% of the stock is currently owned by institutional investors and hedge funds.

Fulton Financial Corporation operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company also offers consumer loans, including home equity loans and lines of credit, automobile loans, automobile and equipment leases, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial, financial, agricultural, and real estate loans.

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