Shares of Fulton Financial Co. (NASDAQ:FULT – Get Free Report) have been given a consensus recommendation of “Hold” by the five ratings firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $18.83.
A number of analysts recently commented on FULT shares. Jefferies Financial Group decreased their price target on Fulton Financial from $18.50 to $18.00 and set a “hold” rating for the company in a research report on Wednesday, July 3rd. Piper Sandler set a $21.00 target price on Fulton Financial in a research report on Thursday, October 17th. Finally, StockNews.com raised shares of Fulton Financial from a “sell” rating to a “hold” rating in a report on Thursday, July 18th.
Read Our Latest Stock Analysis on FULT
Hedge Funds Weigh In On Fulton Financial
Fulton Financial Stock Performance
NASDAQ FULT opened at $17.49 on Friday. The company has a fifty day moving average price of $18.12 and a 200-day moving average price of $17.39. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 11.07 and a beta of 0.73. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.90 and a quick ratio of 0.90. Fulton Financial has a 1 year low of $12.24 and a 1 year high of $20.33.
Fulton Financial (NASDAQ:FULT – Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The bank reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. Fulton Financial had a net margin of 16.37% and a return on equity of 11.14%. The business had revenue of $487.33 million during the quarter, compared to the consensus estimate of $321.00 million. During the same period in the prior year, the firm posted $0.43 EPS. As a group, equities research analysts predict that Fulton Financial will post 1.75 EPS for the current fiscal year.
Fulton Financial Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, October 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.89%. Fulton Financial’s dividend payout ratio is presently 43.04%.
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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