Fulton Financial Corporation (NASDAQ:FULT) has been assigned an average recommendation of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $18.80.

Several equities analysts have weighed in on the company. Piper Jaffray Companies reaffirmed a “hold” rating and set a $18.00 target price on shares of Fulton Financial in a research note on Thursday, October 19th. Zacks Investment Research raised Fulton Financial from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Wednesday, September 20th. BidaskClub cut Fulton Financial from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $17.50 price target on shares of Fulton Financial in a research note on Tuesday, October 3rd. Finally, Barclays boosted their price target on Fulton Financial from $18.00 to $19.00 and gave the company an “underweight” rating in a research note on Tuesday, January 2nd.

Fulton Financial (NASDAQ FULT) opened at $18.80 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.98 and a current ratio of 0.98. Fulton Financial has a 12 month low of $16.45 and a 12 month high of $19.90. The firm has a market capitalization of $3,292.29, a PE ratio of 18.25 and a beta of 1.17.

Fulton Financial (NASDAQ:FULT) last released its earnings results on Tuesday, October 17th. The bank reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.01. Fulton Financial had a return on equity of 8.28% and a net margin of 21.15%. The company had revenue of $194.19 million for the quarter, compared to analysts’ expectations of $200.00 million. During the same quarter in the previous year, the business posted $0.24 EPS. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. equities research analysts forecast that Fulton Financial will post 1.06 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be paid a $0.11 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.44 annualized dividend and a dividend yield of 2.34%. Fulton Financial’s payout ratio is 42.72%.

A number of institutional investors have recently made changes to their positions in FULT. Schwab Charles Investment Management Inc. boosted its position in Fulton Financial by 2.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,043,076 shares of the bank’s stock worth $19,819,000 after purchasing an additional 21,178 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Fulton Financial by 7.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,721 shares of the bank’s stock worth $147,000 after purchasing an additional 519 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Fulton Financial by 0.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 15,522 shares of the bank’s stock worth $295,000 after purchasing an additional 77 shares during the period. Swiss National Bank boosted its position in Fulton Financial by 1.6% during the second quarter. Swiss National Bank now owns 291,700 shares of the bank’s stock worth $5,542,000 after purchasing an additional 4,600 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Fulton Financial by 0.3% during 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 purchasing an additional 82 shares during the period. 62.73% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/01/15/fulton-financial-corporation-fult-given-average-rating-of-hold-by-brokerages.html.

About Fulton Financial

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 (NASDAQ:FULT)

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