Fulton Financial (NASDAQ:FULT) Stock Rating Lowered by StockNews.com

Fulton Financial (NASDAQ:FULT) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

A number of other analysts have also recently commented on the stock. Jefferies Financial Group cut their price target on shares of Fulton Financial from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Monday, April 8th. Keefe, Bruyette & Woods increased their price target on shares of Fulton Financial from $16.00 to $17.00 and gave the company a “market perform” rating in a research note on Thursday, January 18th. Finally, Stephens cut their price target on shares of Fulton Financial from $16.00 to $15.50 and set an “equal weight” rating for the company in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $16.17.

Fulton Financial Stock Up 0.4 %

Fulton Financial stock opened at $15.62 on Friday. The company has a market cap of $2.53 billion, a P/E ratio of 9.70 and a beta of 0.81. Fulton Financial has a 1-year low of $9.64 and a 1-year high of $17.06. The company has a fifty day simple moving average of $15.30 and a 200 day simple moving average of $15.03. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43.

Institutional Trading of Fulton Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. Morton Brown Family Wealth LLC bought a new stake in shares of Fulton Financial during the 4th quarter worth about $26,000. Blue Trust Inc. boosted its holdings in shares of Fulton Financial by 82.8% during the 4th quarter. Blue Trust Inc. now owns 1,724 shares of the bank’s stock worth $28,000 after buying an additional 781 shares during the period. Strs Ohio bought a new stake in shares of Fulton Financial during the 4th quarter worth about $29,000. Disciplined Equity Management Inc. bought a new stake in shares of Fulton Financial during the 4th quarter worth about $32,000. Finally, OLD Point Trust & Financial Services N A bought a new stake in shares of Fulton Financial during the 4th quarter worth about $38,000. Institutional investors own 72.02% of the company’s stock.

About Fulton Financial

Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts.