Stephens Raises Fulton Financial (NASDAQ:FULT) Price Target to $17.50

Fulton Financial (NASDAQ:FULT) had its price objective raised by equities researchers at Stephens from $15.50 to $17.50 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the bank’s stock. Stephens’ price target points to a potential upside of 1.04% from the stock’s current price.

A number of other research firms also recently weighed in on FULT. StockNews.com downgraded shares of Fulton Financial from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Jefferies Financial Group lowered their target price on shares of Fulton Financial from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, April 8th. Keefe, Bruyette & Woods raised their price target on Fulton Financial from $17.00 to $19.00 and gave the stock a “market perform” rating in a report on Tuesday, April 30th. DA Davidson boosted their price objective on Fulton Financial from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. Finally, Janney Montgomery Scott upgraded Fulton Financial from a “neutral” rating to a “buy” rating and set a $19.50 target price for the company in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $18.00.

Fulton Financial Trading Up 1.5 %

NASDAQ FULT opened at $17.32 on Tuesday. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 10.76 and a beta of 0.77. The business’s fifty day moving average is $15.58 and its 200-day moving average is $15.29. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.90 and a quick ratio of 0.90. Fulton Financial has a one year low of $9.64 and a one year high of $17.36.

Hedge Funds Weigh In On Fulton Financial

A number of institutional investors have recently added to or reduced their stakes in FULT. Entropy Technologies LP purchased a new position in shares of Fulton Financial during the first quarter worth about $452,000. Russell Investments Group Ltd. grew its stake in Fulton Financial by 5.5% in the 1st quarter. Russell Investments Group Ltd. now owns 72,770 shares of the bank’s stock worth $1,156,000 after buying an additional 3,801 shares in the last quarter. QRG Capital Management Inc. increased its holdings in shares of Fulton Financial by 10.4% in the 1st quarter. QRG Capital Management Inc. now owns 74,581 shares of the bank’s stock worth $1,185,000 after buying an additional 7,017 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Fulton Financial in the 1st quarter worth $66,000. Finally, Texas Permanent School Fund Corp raised its position in shares of Fulton Financial by 1.1% during the 1st quarter. Texas Permanent School Fund Corp now owns 143,357 shares of the bank’s stock valued at $2,278,000 after buying an additional 1,538 shares in the last quarter. 72.02% of the stock is currently owned by institutional investors.

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.