Fulton Financial (NASDAQ:FULT) Price Target Raised to $22.00

Fulton Financial (NASDAQ:FULT) had its price target lifted by equities researchers at DA Davidson from $21.00 to $22.00 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 points to a potential upside of 7.00% from the stock’s previous close. DA Davidson also issued estimates for Fulton Financial’s Q1 2025 earnings at $0.42 EPS.

A number of other equities analysts have also recently issued reports on the stock. StockNews.com raised shares of Fulton Financial from a “sell” rating to a “hold” rating in a research report on Thursday. Stephens upgraded Fulton Financial from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. Keefe, Bruyette & Woods boosted their price objective on Fulton Financial from $23.00 to $24.00 and gave the company a “market perform” rating in a report on Thursday. Finally, Piper Sandler set a $21.00 target price on Fulton Financial in a research report on Thursday, October 17th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $20.33.

Fulton Financial Stock Down 0.1 %

Shares of Fulton Financial stock opened at $20.56 on Friday. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 13.10 and a beta of 0.79. The stock’s 50-day moving average is $20.46 and its 200 day moving average is $19.16. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.90 and a quick ratio of 0.93. Fulton Financial has a one year low of $13.87 and a one year high of $22.49.

Fulton Financial (NASDAQ:FULT) last released its quarterly earnings data on Tuesday, January 21st. The bank reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.06. Fulton Financial had a net margin of 15.87% and a return on equity of 11.41%. During the same period last year, the company posted $0.42 earnings per share. Equities research analysts anticipate that Fulton Financial will post 1.79 EPS for the current year.

Insider Activity

In related news, CEO Curtis J. Myers sold 24,192 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $21.16, for a total value of $511,902.72. Following the completion of the sale, the chief executive officer now directly owns 155,946 shares of the company’s stock, valued at approximately $3,299,817.36. This represents a 13.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.07% of the company’s stock.

Institutional Trading of Fulton Financial

Institutional investors have recently made changes to their positions in the company. Quarry LP purchased a new position in Fulton Financial during the third quarter worth about $33,000. Coston McIsaac & Partners bought a new position in shares of Fulton Financial during the 3rd quarter worth approximately $54,000. Blue Trust Inc. boosted its stake in shares of Fulton Financial by 28.8% in the 3rd quarter. Blue Trust Inc. now owns 4,946 shares of the bank’s stock worth $84,000 after buying an additional 1,106 shares during the last quarter. TD Private Client Wealth LLC grew its holdings in shares of Fulton Financial by 11.6% in the third quarter. TD Private Client Wealth LLC now owns 6,519 shares of the bank’s stock valued at $118,000 after acquiring an additional 676 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Fulton Financial by 69.3% during the fourth quarter. KBC Group NV now owns 8,517 shares of the bank’s stock valued at $164,000 after acquiring an additional 3,487 shares during the last quarter. Institutional investors own 72.02% of the company’s stock.

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.