Fulton Financial (NASDAQ:FULT) PT Raised to $19.00

Fulton Financial (NASDAQ:FULT) had its price objective raised by analysts at Keefe, Bruyette & Woods from $17.00 to $19.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 12.43% from the company’s current price.

A number of other research firms also recently weighed in on FULT. Stephens cut their price target on Fulton Financial from $16.00 to $15.50 and set an “equal weight” rating on the stock in a research note on Thursday, April 18th. Janney Montgomery Scott upgraded shares of Fulton Financial from a “neutral” rating to a “buy” rating and set a $19.50 price objective for the company in a research report on Monday. StockNews.com cut shares of Fulton Financial from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Finally, Jefferies Financial Group lowered their price objective on shares of Fulton Financial from $17.00 to $16.00 and set a “hold” rating for the company in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $17.60.

Fulton Financial Stock Performance

FULT stock opened at $16.90 on Tuesday. The business’s fifty day moving average is $15.34 and its 200-day moving average is $15.11. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.43. The company has a market cap of $2.74 billion, a P/E ratio of 10.50 and a beta of 0.81. Fulton Financial has a twelve month low of $9.64 and a twelve month high of $17.34.

Hedge Funds Weigh In On Fulton Financial

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Fulton Financial by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 19,444,753 shares of the bank’s stock valued at $320,061,000 after acquiring an additional 216,465 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Fulton Financial by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,918,831 shares of the bank’s stock valued at $196,188,000 after acquiring an additional 297,923 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Fulton Financial by 36.0% in the 4th quarter. Hsbc Holdings PLC now owns 2,593,793 shares of the bank’s stock valued at $43,043,000 after acquiring an additional 686,269 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Fulton Financial by 5.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,062,343 shares of the bank’s stock valued at $33,946,000 after acquiring an additional 100,902 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Fulton Financial by 0.4% in the 3rd quarter. Northern Trust Corp now owns 1,879,238 shares of the bank’s stock valued at $22,758,000 after acquiring an additional 8,292 shares in the last quarter. Institutional investors own 72.02% of the company’s stock.

About Fulton Financial

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.