Fulton Financial (NASDAQ:FULT) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Friday.
FULT has been the subject of several other reports. Barclays lifted their target price on Fulton Financial from $18.00 to $19.00 and gave the company an “underweight” rating in a research note on Tuesday, January 2nd. Piper Jaffray Companies restated a “hold” rating and issued a $18.00 price target on shares of Fulton Financial in a research report on Thursday, October 19th. Zacks Investment Research upgraded Fulton Financial from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $17.00 price target on shares of Fulton Financial in a research report on Thursday, October 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $18.80.
Shares of Fulton Financial (FULT) opened at $18.05 on Friday. The company has a market capitalization of $3,160.95, a price-to-earnings ratio of 18.42 and a beta of 1.06. Fulton Financial has a 52 week low of $16.45 and a 52 week high of $19.90. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.98 and a quick ratio of 0.98.
A number of hedge funds have recently bought and sold shares of the business. Advisor Group Inc. raised its stake in shares of Fulton Financial by 5.3% in the 2nd quarter. Advisor Group Inc. now owns 8,336 shares of the bank’s stock valued at $158,000 after purchasing an additional 417 shares during the period. FDx Advisors Inc. acquired a new stake in shares of Fulton Financial in the 3rd quarter valued at about $192,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Fulton Financial by 46.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,306 shares of the bank’s stock valued at $202,000 after purchasing an additional 3,585 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Fulton Financial in the 4th quarter valued at about $208,000. Finally, Tower Bridge Advisors acquired a new stake in shares of Fulton Financial in the 4th quarter valued at about $219,000. Hedge funds and other institutional investors own 62.83% of the company’s stock.
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).
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