A number of firms have modified their ratings and price targets on shares of Fulton Financial Corporation (NASDAQ: FULT) recently:

  • 8/3/2017 – Fulton Financial Corporation was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/1/2017 – Fulton Financial Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Fulton Financial Corp. is a bank holding company. It provides retail and commercial banking and investment management and trust services in central and eastern Pennsylvania, southern New Jersey, northern Maryland and southern Delaware through its wholly-owned subsidiaries: Fulton Bank, Lebanon Valley Farmers Bank, Swineford National Bank, Lafayette Ambassador Bank, FNB Bank, N.A., Great Valley Bank, Hagerstown Trust Company, Delaware National Bank, The Bank of Gloucester County, The Woodstown National Bank & Trust Company, and The Peoples Bank of Elkton. “
  • 7/27/2017 – Fulton Financial Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/25/2017 – Fulton Financial Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $20.00 price target on the stock. According to Zacks, “Fulton Financial Corp. is a bank holding company. It provides retail and commercial banking and investment management and trust services in central and eastern Pennsylvania, southern New Jersey, northern Maryland and southern Delaware through its wholly-owned subsidiaries: Fulton Bank, Lebanon Valley Farmers Bank, Swineford National Bank, Lafayette Ambassador Bank, FNB Bank, N.A., Great Valley Bank, Hagerstown Trust Company, Delaware National Bank, The Bank of Gloucester County, The Woodstown National Bank & Trust Company, and The Peoples Bank of Elkton. “
  • 7/21/2017 – Fulton Financial Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Fulton Financial Corp. is a bank holding company. It provides retail and commercial banking and investment management and trust services in central and eastern Pennsylvania, southern New Jersey, northern Maryland and southern Delaware through its wholly-owned subsidiaries: Fulton Bank, Lebanon Valley Farmers Bank, Swineford National Bank, Lafayette Ambassador Bank, FNB Bank, N.A., Great Valley Bank, Hagerstown Trust Company, Delaware National Bank, The Bank of Gloucester County, The Woodstown National Bank & Trust Company, and The Peoples Bank of Elkton. “
  • 7/19/2017 – Fulton Financial Corporation had its “hold” rating reaffirmed by analysts at Boenning Scattergood.
  • 7/14/2017 – Fulton Financial Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $20.00 price target on the stock.
  • 7/13/2017 – Fulton Financial Corporation is now covered by analysts at Stephens. They set an “equal weight” rating on the stock.
  • 6/23/2017 – Fulton Financial Corporation had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $18.00 price target on the stock.
  • 6/10/2017 – Fulton Financial Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of Fulton Financial Corporation (NASDAQ:FULT) traded down 0.83% during midday trading on Monday, hitting $17.95. The stock had a trading volume of 709,946 shares. The company’s 50 day moving average is $18.73 and its 200 day moving average is $18.37. Fulton Financial Corporation has a 52-week low of $13.46 and a 52-week high of $19.90. The company has a market cap of $3.14 billion, a PE ratio of 18.13 and a beta of 1.16.

Fulton Financial Corporation (NASDAQ:FULT) last announced its earnings results on Tuesday, July 18th. The bank reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The business had revenue of $193.93 million for the quarter, compared to analysts’ expectations of $194.02 million. Fulton Financial Corporation had a return on equity of 8.02% and a net margin of 20.86%. During the same quarter last year, the firm earned $0.23 EPS. On average, analysts anticipate that Fulton Financial Corporation will post $1.06 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, July 3rd were given a dividend of $0.11 per share. The ex-dividend date was Thursday, June 29th. This represents a $0.44 annualized dividend and a yield of 2.45%. Fulton Financial Corporation’s dividend payout ratio (DPR) is presently 44.44%.

In other Fulton Financial Corporation news, insider Michael J. Deporter sold 1,500 shares of the stock in a transaction on Friday, July 21st. The stock was sold at an average price of $18.00, for a total transaction of $27,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Craig A. Roda sold 19,309 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $18.42, for a total value of $355,671.78. The disclosure for this sale can be found here. Insiders have sold a total of 26,348 shares of company stock worth $484,312 in the last ninety days. Insiders own 0.68% of the company’s stock.

Fulton Financial Corporation is a financial holding company. The Company is the bank holding company of Fulton Bank N.A. (the Bank). As of December 31, 2016, the Company’s six subsidiary banks were located primarily in suburban or semi-rural geographic markets throughout a five-state region (Pennsylvania, Delaware, Maryland, New Jersey and Virginia).

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