Shares of Fulton Financial Co. (NASDAQ:FULT – Get Free Report) have earned an average rating of “Hold” from the five analysts that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $18.40.
Several equities analysts have recently commented on the company. StockNews.com upgraded Fulton Financial from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Jefferies Financial Group lowered their price objective on shares of Fulton Financial from $18.50 to $18.00 and set a “hold” rating for the company in a report on Wednesday, July 3rd.
Check Out Our Latest Report on Fulton Financial
Institutional Inflows and Outflows
Fulton Financial Price Performance
Shares of NASDAQ:FULT opened at $17.35 on Monday. Fulton Financial has a fifty-two week low of $11.95 and a fifty-two week high of $20.33. The company’s 50-day moving average is $18.16 and its 200 day moving average is $17.13. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market capitalization of $3.15 billion, a P/E ratio of 10.78 and a beta of 0.73.
Fulton Financial (NASDAQ:FULT – Get Free Report) last released its quarterly earnings data on Tuesday, July 16th. The bank reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.22. The business had revenue of $334.71 million during the quarter, compared to analyst estimates of $296.38 million. Fulton Financial had a net margin of 17.93% and a return on equity of 11.29%. Fulton Financial’s revenue was up 22.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 EPS. On average, equities research analysts forecast that Fulton Financial will post 1.73 earnings per share for the current year.
Fulton Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Tuesday, October 1st. Fulton Financial’s dividend payout ratio (DPR) is presently 42.24%.
Fulton Financial Company Profile
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.
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