Fulton Financial Corporation (NASDAQ:FULT)‘s stock had its “hold” rating restated by Jefferies Group LLC in a research report issued on Friday. They currently have a $20.00 target price on the bank’s stock. Jefferies Group LLC’s price objective points to a potential upside of 14.61% from the company’s previous close.

Several other equities research analysts also recently commented on FULT. BidaskClub downgraded shares of Fulton Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Zacks Investment Research downgraded shares of Fulton Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. ValuEngine upgraded shares of Fulton Financial Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Boenning Scattergood restated a “hold” rating on shares of Fulton Financial Corporation in a research note on Wednesday, July 19th. Finally, Stephens began coverage on shares of Fulton Financial Corporation in a research note on Thursday, July 13th. They issued an “equal weight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $18.33.

Fulton Financial Corporation (NASDAQ:FULT) traded up 0.58% during mid-day trading on Friday, hitting $17.45. 1,739,297 shares of the company were exchanged. The stock’s 50 day moving average is $17.51 and its 200-day moving average is $18.12. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 17.63 and a beta of 1.16. Fulton Financial Corporation has a 12-month low of $14.04 and a 12-month high of $19.90.

Fulton Financial Corporation (NASDAQ:FULT) last posted its quarterly earnings results on Tuesday, July 18th. The bank reported $0.26 earnings per share for the quarter, hitting the Zacks’ 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 the consensus estimate of $194.02 million. During the same quarter in the previous year, the company earned $0.23 earnings per share. Equities research analysts predict that Fulton Financial Corporation will post $1.06 EPS for the current year.

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In related news, insider Michael J. Deporter sold 1,500 shares of Fulton Financial Corporation stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $18.00, for a total value of $27,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director R Scott Smith, Jr. sold 5,539 shares of Fulton Financial Corporation stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $18.35, for a total value of $101,640.65. The disclosure for this sale can be found here. Insiders sold 26,348 shares of company stock valued at $484,312 over the last ninety days. 0.68% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Smith Graham & Co. Investment Advisors LP raised its holdings in shares of Fulton Financial Corporation by 3.4% in the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 263,930 shares of the bank’s stock valued at $3,434,000 after buying an additional 8,690 shares during the last quarter. BlackRock Advisors LLC raised its holdings in shares of Fulton Financial Corporation by 94.5% in the fourth quarter. BlackRock Advisors LLC now owns 214,619 shares of the bank’s stock valued at $2,792,000 after buying an additional 104,255 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Fulton Financial Corporation by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 3,861,134 shares of the bank’s stock valued at $73,363,000 after buying an additional 95,105 shares during the last quarter. Suntrust Banks Inc. raised its holdings in shares of Fulton Financial Corporation by 12.7% in the fourth quarter. Suntrust Banks Inc. now owns 281,839 shares of the bank’s stock valued at $3,666,000 after buying an additional 31,702 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of Fulton Financial Corporation by 10.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 186,571 shares of the bank’s stock valued at $2,427,000 after buying an additional 18,369 shares during the last quarter. 62.99% of the stock is owned by institutional investors and hedge funds.

Fulton Financial Corporation Company Profile

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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