Fulton Financial Corporation (NASDAQ:FULT)‘s stock had its “hold” rating reissued by research analysts at Keefe, Bruyette & Woods in a report released on Thursday. They currently have a $17.00 price target on the bank’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential downside of 8.11% from the company’s current price.

A number of other brokerages have also recently commented on FULT. Stephens started coverage on shares of Fulton Financial Corporation in a research report on Thursday, July 13th. They issued an “equal weight” rating on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 target price on shares of Fulton Financial Corporation in a research report on Friday, July 14th. ValuEngine upgraded shares of Fulton Financial Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Boenning Scattergood reiterated a “hold” rating on shares of Fulton Financial Corporation in a research report on Wednesday, July 19th. Finally, Zacks Investment Research upgraded shares of Fulton Financial Corporation from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Wednesday, September 20th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $18.67.

Shares of Fulton Financial Corporation (FULT) traded down 0.27% during mid-day trading on Thursday, hitting $18.50. 569,204 shares of the company traded hands. Fulton Financial Corporation has a 1-year low of $14.45 and a 1-year high of $19.90. The firm’s 50 day moving average price is $18.25 and its 200-day moving average price is $18.17. The stock has a market capitalization of $3.24 billion, a PE ratio of 19.89 and a beta of 1.17.

Fulton Financial Corporation (NASDAQ:FULT) last issued its earnings results on Tuesday, October 17th. The bank reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $194.19 million for the quarter, compared to analysts’ expectations of $200.00 million. Fulton Financial Corporation had a net margin of 21.15% and a return on equity of 8.28%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 EPS. On average, equities research analysts forecast that Fulton Financial Corporation will post $1.06 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This news story was posted by American Banking News and is the property of of American Banking News. If you are viewing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright and trademark laws. The correct version of this news story can be read at https://www.americanbankingnews.com/2017/10/22/keefe-bruyette-woods-reiterates-hold-rating-for-fulton-financial-corporation-fult-2.html.

In other Fulton Financial Corporation news, insider Craig A. Roda sold 19,309 shares of the business’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 legal filing with the SEC, which is available at this hyperlink. Also, Director R Scott Smith, Jr. sold 5,539 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were 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. 0.68% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in FULT. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Fulton Financial Corporation by 7.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,721 shares of the bank’s stock valued at $147,000 after acquiring an additional 519 shares during the period. Advisor Group Inc. increased its position in shares of Fulton Financial Corporation by 5.3% in the second quarter. Advisor Group Inc. now owns 8,336 shares of the bank’s stock valued at $158,000 after acquiring an additional 417 shares during the period. Jane Street Group LLC purchased a new position in shares of Fulton Financial Corporation in the first quarter valued at about $184,000. Invictus RG purchased a new position in shares of Fulton Financial Corporation in the first quarter valued at about $186,000. Finally, Riverhead Capital Management LLC increased its position in shares of Fulton Financial Corporation by 56.0% in the second quarter. Riverhead Capital Management LLC now owns 9,985 shares of the bank’s stock valued at $190,000 after acquiring an additional 3,585 shares during the period. Hedge funds and other institutional investors own 62.98% of the company’s stock.

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)

Receive News & Ratings for Fulton Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fulton Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.