Fulton Financial Co. (NASDAQ:FULT – Free Report) – Stock analysts at DA Davidson issued their Q1 2025 earnings per share estimates for shares of Fulton Financial in a report issued on Friday, January 24th. DA Davidson analyst M. Navas expects that the bank will earn $0.42 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $22.00 price target on the stock. The consensus estimate for Fulton Financial’s current full-year earnings is $1.79 per share.
Several other analysts also recently commented on FULT. Stephens raised shares of Fulton Financial from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. StockNews.com raised shares of Fulton Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Piper Sandler set a $21.00 price target on Fulton Financial in a research report on Thursday, October 17th. Keefe, Bruyette & Woods upped their target price on Fulton Financial from $23.00 to $24.00 and gave the stock a “market perform” rating in a research note on Thursday, January 23rd. Finally, Hovde Group raised their target price on Fulton Financial from $22.00 to $22.50 and gave the stock a “market perform” rating in a report on Monday. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Fulton Financial has a consensus rating of “Hold” and a consensus target price of $20.64.
Fulton Financial Price Performance
Shares of NASDAQ FULT opened at $20.58 on Monday. Fulton Financial has a 52 week low of $13.87 and a 52 week high of $22.49. The company has a quick ratio of 0.93, a current ratio of 0.90 and a debt-to-equity ratio of 0.32. The firm has a market cap of $3.75 billion, a P/E ratio of 13.11 and a beta of 0.79. The business’s 50 day moving average price is $20.45 and its 200 day moving average price is $19.20.
Fulton Financial (NASDAQ:FULT – Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. Fulton Financial had a return on equity of 11.41% and a net margin of 15.87%. During the same period last year, the firm earned $0.42 EPS.
Hedge Funds Weigh In On Fulton Financial
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP acquired a new position in Fulton Financial in the 3rd quarter valued at $33,000. Coston McIsaac & Partners purchased a new stake in Fulton Financial in the 3rd quarter valued at $54,000. Blue Trust Inc. grew its holdings in Fulton Financial by 28.8% in the 3rd quarter. Blue Trust Inc. now owns 4,946 shares of the bank’s stock valued at $84,000 after buying an additional 1,106 shares in the last quarter. TD Private Client Wealth LLC increased its stake in shares of Fulton Financial by 11.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 6,519 shares of the bank’s stock worth $118,000 after acquiring an additional 676 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Fulton Financial by 69.3% during the 4th quarter. KBC Group NV now owns 8,517 shares of the bank’s stock worth $164,000 after acquiring an additional 3,487 shares during the period. Hedge funds and other institutional investors own 72.02% of the company’s stock.
Insider Activity at Fulton Financial
In related news, President Angela M. Snyder sold 13,322 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $20.69, for a total transaction of $275,632.18. Following the completion of the transaction, the president now owns 63,682 shares in the company, valued at $1,317,580.58. This represents a 17.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Curtis J. Myers sold 24,192 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $21.16, for a total transaction of $511,902.72. Following the completion of the transaction, the chief executive officer now directly owns 155,946 shares in the company, valued at $3,299,817.36. This represents a 13.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.07% of the stock is owned by company insiders.
Fulton Financial Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, December 31st. This is a boost from Fulton Financial’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.50%. Fulton Financial’s dividend payout ratio (DPR) is 45.86%.
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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