Fulton Financial (NASDAQ:FULT) posted its earnings results on Monday. The bank reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28, Briefing.com reports. The firm had revenue of $206.37 million during the quarter, compared to analyst estimates of $201.30 million. Fulton Financial had a net margin of 21.15% and a return on equity of 8.28%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 EPS.
Shares of Fulton Financial (FULT) traded up $0.10 during midday trading on Monday, reaching $18.65. 1,015,373 shares of the company traded hands, compared to its average volume of 941,639. The stock has a market cap of $3,260.00, a price-to-earnings ratio of 18.28 and a beta of 1.17. 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 business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Friday, December 29th. Fulton Financial’s payout ratio is presently 43.14%.
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Fulton Financial 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).
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