Fulton Financial (FULT) to Release Quarterly Earnings on Tuesday

Fulton Financial (NASDAQ:FULT) is anticipated to issue its quarterly earnings data after the market closes on Tuesday, January 21st. Analysts expect the company to announce earnings of $0.42 per share and revenue of $315,731.00 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Fulton Financial Stock Up 1.8 %

Shares of NASDAQ FULT opened at $20.86 on Monday. The stock has a market cap of $3.80 billion, a P/E ratio of 13.20 and a beta of 0.79. The firm has a 50 day moving average price of $20.50 and a 200 day moving average price of $19.03. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 0.93. Fulton Financial has a 52-week low of $13.87 and a 52-week high of $22.49.

Fulton Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Tuesday, December 31st. This is a boost from Fulton Financial’s previous quarterly dividend of $0.17. Fulton Financial’s dividend payout ratio is 45.57%.

Wall Street Analyst Weigh In

FULT has been the subject of several recent research reports. StockNews.com cut shares of Fulton Financial from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods increased their price objective on shares of Fulton Financial from $20.00 to $23.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Stephens raised shares of 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 price target on shares of Fulton Financial in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $19.50.

Insider Buying and Selling at Fulton Financial

In other news, CEO Curtis J. Myers sold 24,192 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $21.16, for a total value of $511,902.72. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.07% 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.