What is DA Davidson’s Forecast for FULT FY2025 Earnings?

Fulton Financial Co. (NASDAQ:FULT) – Equities researchers at DA Davidson cut their FY2025 earnings estimates for Fulton Financial in a report issued on Thursday, December 19th. DA Davidson analyst M. Navas now forecasts that the bank will earn $1.72 per share for the year, down from their previous estimate of $1.74. The consensus estimate for Fulton Financial’s current full-year earnings is $1.74 per share.

A number of other equities research analysts have also weighed in on FULT. Keefe, Bruyette & Woods boosted their target price on shares of Fulton Financial from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. StockNews.com cut shares of Fulton Financial from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Stephens raised Fulton Financial from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Finally, Piper Sandler set a $21.00 target price on Fulton Financial in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Fulton Financial currently has a consensus rating of “Hold” and a consensus target price of $19.50.

Fulton Financial Stock Performance

Fulton Financial stock opened at $19.60 on Friday. The business has a 50 day moving average of $20.00 and a 200-day moving average of $18.53. The company has a market capitalization of $3.57 billion, a P/E ratio of 12.41 and a beta of 0.78. Fulton Financial has a 1 year low of $13.87 and a 1 year high of $22.49. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.93 and a quick ratio of 0.93.

Fulton Financial (NASDAQ:FULT) last issued its earnings results 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 return on equity of 11.33% and a net margin of 16.37%. The business had revenue of $487.33 million during the quarter, compared to analysts’ expectations of $321.00 million. During the same quarter in the prior year, the firm earned $0.43 EPS.

Fulton Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.72 dividend on an annualized basis and a yield of 3.67%. This is a boost from Fulton Financial’s previous quarterly dividend of $0.17. Fulton Financial’s dividend payout ratio is 45.57%.

Insiders Place Their Bets

In other Fulton Financial news, CEO Curtis J. Myers sold 24,192 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $21.16, for a total transaction of $511,902.72. Following the transaction, the chief executive officer now directly owns 155,946 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.07% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Quarry LP acquired a new stake in Fulton Financial in the third quarter worth $33,000. Family Firm Inc. acquired a new stake in shares of Fulton Financial in the 2nd quarter valued at about $46,000. Coston McIsaac & Partners bought a new stake in Fulton Financial in the 3rd quarter valued at about $54,000. Blue Trust Inc. increased its position in Fulton Financial by 21.9% in the 2nd quarter. Blue Trust Inc. now owns 3,840 shares of the bank’s stock valued at $61,000 after buying an additional 691 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its stake in Fulton Financial by 11.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 6,519 shares of the bank’s stock worth $118,000 after buying an additional 676 shares during the period. Institutional investors and hedge funds 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.