Fulton Financial Corporation (NASDAQ:FULT) has been assigned a consensus rating of “Hold” from the ten ratings firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $18.00.

Several brokerages have recently weighed in on FULT. BidaskClub lowered shares of Fulton Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Zacks Investment Research upgraded shares of Fulton Financial Corporation from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Tuesday, July 25th. Jefferies Group LLC reiterated a “hold” rating and set a $20.00 price objective on shares of Fulton Financial Corporation in a report on Friday, May 5th. Barclays PLC reiterated a “sell” rating and set a $18.00 price objective (up previously from $17.00) on shares of Fulton Financial Corporation in a report on Friday, April 21st. Finally, ValuEngine upgraded shares of Fulton Financial Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th.

Fulton Financial Corporation (NASDAQ:FULT) traded up 0.148% on Friday, hitting $16.875. The stock had a trading volume of 234,459 shares. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 17.045 and a beta of 1.16. The company’s 50 day moving average is $18.33 and its 200-day moving average is $18.32. Fulton Financial Corporation has a 1-year low of $13.94 and a 1-year high of $19.90.

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

In related news, insider Craig A. Roda sold 19,309 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $18.42, for a total value of $355,671.78. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director R Scott Smith, Jr. sold 5,539 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $18.35, for a total transaction of $101,640.65. The disclosure for this sale can be found here. Insiders sold a total of 26,348 shares of company stock worth $484,312 in the last 90 days. 0.68% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the company. Wagner Bowman Management Corp increased its stake in shares of Fulton Financial Corporation by 0.5% in the first quarter. Wagner Bowman Management Corp now owns 12,104 shares of the bank’s stock worth $216,000 after buying an additional 63 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Fulton Financial Corporation by 0.5% in the first quarter. Capstone Asset Management Co. now owns 13,849 shares of the bank’s stock worth $247,000 after buying an additional 70 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of Fulton Financial Corporation by 0.6% in the first quarter. LS Investment Advisors LLC now owns 11,894 shares of the bank’s stock worth $212,000 after buying an additional 72 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Fulton Financial Corporation by 0.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 15,522 shares of the bank’s stock worth $295,000 after buying an additional 77 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Fulton Financial Corporation by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,513 shares of the bank’s stock worth $485,000 after buying an additional 82 shares during the last quarter. Institutional investors own 62.30% of the company’s stock.

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About Fulton Financial Corporation

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).

Analyst Recommendations for Fulton Financial Corporation (NASDAQ:FULT)

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