Keefe, Bruyette & Woods Lowers Fulton Financial (NASDAQ:FULT) Price Target to $21.00

Fulton Financial (NASDAQ:FULT) had its price target decreased by research analysts at Keefe, Bruyette & Woods from $24.00 to $21.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 32.24% from the stock’s previous close.

FULT has been the topic of several other reports. DA Davidson reiterated a “neutral” rating and set a $20.00 target price on shares of Fulton Financial in a research report on Wednesday. Hovde Group upped their price objective on Fulton Financial from $22.00 to $22.50 and gave the company a “market perform” rating in a research note on Monday, January 27th. Finally, StockNews.com upgraded Fulton Financial from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $19.79.

Fulton Financial Stock Down 0.6 %

FULT stock opened at $15.88 on Thursday. The business’s 50-day simple moving average is $17.98 and its 200 day simple moving average is $19.18. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.32. The company has a market cap of $2.89 billion, a PE ratio of 10.11 and a beta of 0.68. Fulton Financial has a twelve month low of $14.33 and a twelve month high of $22.49.

Fulton Financial (NASDAQ:FULT) last issued its earnings results on Tuesday, April 15th. The bank reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. Fulton Financial had a return on equity of 11.41% and a net margin of 15.87%. The business had revenue of $322.64 million during the quarter, compared to analyst estimates of $315.07 million. During the same period in the prior year, the company posted $0.40 earnings per share. On average, research analysts anticipate that Fulton Financial will post 1.91 earnings per share for the current year.

Insider Buying and Selling at Fulton Financial

In other news, President Angela M. Snyder sold 13,322 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $20.69, for a total value of $275,632.18. Following the completion of the sale, the president now directly owns 63,682 shares in the company, valued at approximately $1,317,580.58. This trade represents a 17.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.07% of the company’s stock.

Institutional Investors Weigh In On Fulton Financial

A number of hedge funds have recently added to or reduced their stakes in FULT. Blue Trust Inc. lifted its position in shares of Fulton Financial by 10.3% during the fourth quarter. Blue Trust Inc. now owns 5,455 shares of the bank’s stock worth $99,000 after purchasing an additional 509 shares in the last quarter. SRS Capital Advisors Inc. raised its position in Fulton Financial by 0.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 91,464 shares of the bank’s stock worth $1,763,000 after purchasing an additional 523 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in Fulton Financial by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 18,997 shares of the bank’s stock worth $366,000 after buying an additional 602 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Fulton Financial by 1.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 36,303 shares of the bank’s stock worth $657,000 after buying an additional 684 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in Fulton Financial by 57.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,200 shares of the bank’s stock valued at $42,000 after buying an additional 800 shares during 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.