Fulton Financial Corp Announces Quarterly Dividend of $0.08 (FULT)
Fulton Financial Corp (NASDAQ:FULT) announced a quarterly dividend on Tuesday, June 17th, AnalystRatings.Net reports. Investors of record on Tuesday, July 1st will be paid a dividend of 0.08 per share on Tuesday, July 15th. This represents a $0.32 annualized dividend and a dividend yield of 2.57%.
FULT has been the subject of a number of recent research reports. Analysts at Credit Suisse downgraded shares of Fulton Financial Corp from an “outperform” rating to a “market perform” rating in a research note on Monday, May 19th. They now have a $14.00 price target on the stock. On the ratings front, analysts at Keefe, Bruyette & Woods upgraded shares of Fulton Financial Corp from a “market perform” rating to an “outperform” rating in a research note on Friday, May 16th. They now have a $14.00 price target on the stock. Finally, analysts at Drexel Hamilton initiated coverage on shares of Fulton Financial Corp in a research note on Thursday, May 8th. They set a “hold” rating on the stock. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $13.44.
Shares of Fulton Financial Corp (NASDAQ:FULT) traded up 1.80% during mid-day trading on Tuesday, hitting $12.47. The stock had a trading volume of 1,096,920 shares. Fulton Financial Corp has a one year low of $10.94 and a one year high of $13.40. The stock’s 50-day moving average is $12.0 and its 200-day moving average is $12.50. The company has a market cap of $2.356 billion and a P/E ratio of 14.41. Fulton Financial Corp also saw a large drop in short interest in the month of May. As of May 30th, there was short interest totalling 1,941,379 shares, a drop of 36.4% from the May 15th total of 3,050,606 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,248,573 shares, the short-interest ratio is currently 1.6 days.
Fulton Financial Corp (NASDAQ:FULT) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.02. The company had revenue of $129.60 million for the quarter, compared to the consensus estimate of $134.37 million. During the same quarter last year, the company posted $0.20 earnings per share. On average, analysts predict that Fulton Financial Corp will post $0.88 earnings per share for the current fiscal year.
Fulton Financial Corporation is a multi-bank financial holding company. The Company provides a range of banking and financial services to businesses and consumers through its six wholly owned banking subsidiaries: Fulton Bank, N.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.