Weekly Investment Analysts’ Ratings Changes for Fulton Financial (FULT)

Several brokerages have updated their recommendations and price targets on shares of Fulton Financial (NASDAQ: FULT) in the last few weeks:

• 1/27/2025 – Fulton Financial had its price target raised by analysts at Hovde Group from $22.00 to $22.50. They now have a “market perform” rating on the stock.
• 1/24/2025 – Fulton Financial had its price target raised by analysts at DA Davidson from $21.00 to $22.00. They now have a “neutral” rating on the stock.
• 1/23/2025 – Fulton Financial had its price target raised by analysts at Keefe, Bruyette & Woods from $23.00 to $24.00. They now have a “market perform” rating on the stock.
• 1/23/2025 – Fulton Financial was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 12/9/2024 – Fulton Financial was upgraded by analysts at Stephens from an “equal weight” rating to an “overweight” rating.
• 12/4/2024 – Fulton Financial had its price target raised by analysts at Keefe, Bruyette & Woods from $20.00 to $23.00. They now have a “market perform” rating on the stock.

Fulton Financial Trading Down 0.5 %

Fulton Financial stock traded down $0.11 during mid-day trading on Tuesday, hitting $20.48. The company’s stock had a trading volume of 148,200 shares, compared to its average volume of 1,656,799. The company has a 50 day moving average of $20.45 and a 200-day moving average of $19.20. The stock has a market cap of $3.73 billion, a PE ratio of 13.04 and a beta of 0.79. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 0.90. Fulton Financial Co. has a one year low of $13.87 and a one year high of $22.49.

Fulton Financial (NASDAQ:FULT) last posted its earnings results on Tuesday, January 21st. The bank reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.06. Fulton Financial had a return on equity of 11.41% and a net margin of 15.87%. During the same period last year, the firm earned $0.42 EPS. On average, research analysts anticipate that Fulton Financial Co. will post 1.79 EPS for the current year.

Fulton Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from Fulton Financial’s previous quarterly dividend of $0.17. Fulton Financial’s dividend payout ratio (DPR) is currently 45.86%.

Insiders Place Their Bets

In other Fulton Financial news, CEO Curtis J. Myers sold 24,192 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $21.16, for a total value of $511,902.72. Following the completion of the transaction, the chief executive officer now directly owns 155,946 shares of the company’s stock, valued at approximately $3,299,817.36. The trade was a 13.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Angela M. Snyder sold 13,322 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $20.69, for a total value of $275,632.18. Following the completion of the transaction, the president now directly owns 63,682 shares of the company’s stock, valued at $1,317,580.58. The trade was a 17.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.07% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FULT. Blue Trust Inc. lifted its stake in shares of Fulton Financial by 10.3% in the 4th quarter. Blue Trust Inc. now owns 5,455 shares of the bank’s stock valued at $99,000 after purchasing an additional 509 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Fulton Financial by 11.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 6,519 shares of the bank’s stock valued at $118,000 after buying an additional 676 shares during the period. Valley National Advisers Inc. lifted its holdings in shares of Fulton Financial by 3.9% in the 4th quarter. Valley National Advisers Inc. now owns 30,700 shares of the bank’s stock valued at $591,000 after buying an additional 1,150 shares during the period. Olympiad Research LP increased its position in Fulton Financial by 13.5% during the third quarter. Olympiad Research LP now owns 13,418 shares of the bank’s stock worth $243,000 after buying an additional 1,594 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Fulton Financial during the third quarter worth about $33,000. 72.02% of the stock is owned by institutional investors and hedge funds.

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.