Fulton Financial Co. (NASDAQ:FULT) Receives $17.60 Consensus PT from Analysts

Shares of Fulton Financial Co. (NASDAQ:FULT) have been given a consensus rating of “Hold” by the five analysts that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $17.60.

A number of brokerages have issued reports on FULT. DA Davidson raised their price objective on shares of Fulton Financial from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. Jefferies Financial Group cut their price target on shares of Fulton Financial from $17.00 to $16.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. Stephens cut their target price on shares of Fulton Financial from $16.00 to $15.50 and set an “equal weight” rating on the stock in a report on Thursday, April 18th. Keefe, Bruyette & Woods boosted their target price on Fulton Financial from $17.00 to $19.00 and gave the company a “market perform” rating in a research note on Tuesday, April 30th. Finally, StockNews.com cut Fulton Financial from a “hold” rating to a “sell” rating in a research note on Friday, April 26th.

Institutional Investors Weigh In On Fulton Financial

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Fulton Financial by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 19,444,753 shares of the bank’s stock worth $320,061,000 after acquiring an additional 216,465 shares during the period. Dimensional Fund Advisors LP increased its position in Fulton Financial by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,918,831 shares of the bank’s stock worth $196,188,000 after purchasing an additional 297,923 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Fulton Financial by 36.0% in the 4th quarter. Hsbc Holdings PLC now owns 2,593,793 shares of the bank’s stock valued at $43,043,000 after purchasing an additional 686,269 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Fulton Financial by 5.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,062,343 shares of the bank’s stock valued at $33,946,000 after acquiring an additional 100,902 shares during the last quarter. Finally, Northern Trust Corp grew its position in Fulton Financial by 0.4% during the 3rd quarter. Northern Trust Corp now owns 1,879,238 shares of the bank’s stock worth $22,758,000 after acquiring an additional 8,292 shares during the last quarter. 72.02% of the stock is currently owned by institutional investors and hedge funds.

Fulton Financial Trading Up 0.4 %

FULT stock opened at $17.03 on Friday. The business has a fifty day moving average price of $15.45 and a 200 day moving average price of $15.19. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.90 and a quick ratio of 0.90. Fulton Financial has a fifty-two week low of $9.64 and a fifty-two week high of $17.34. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 10.58 and a beta of 0.77.

Fulton Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a $0.17 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.68 annualized dividend and a yield of 3.99%. Fulton Financial’s dividend payout ratio (DPR) is currently 42.24%.

Fulton Financial Company Profile

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.