Fulton Financial Corp. (NASDAQ:FULT) was downgraded by research analysts at Hovde Group from an “outperform” rating to a “market perform” rating in a report released on Friday. They presently have a $19.00 price target on the stock, up from their previous price target of $16.50. Hovde Group’s price target would indicate a potential upside of 8.57% from the stock’s current price.

A number of other brokerages also recently weighed in on FULT. Zacks Investment Research upgraded Fulton Financial Corp. from a “sell” rating to a “hold” rating and set a $17.00 target price on the stock in a research note on Friday, October 21st. FBR & Co boosted their target price on Fulton Financial Corp. from $14.00 to $15.00 and gave the stock a “mkt perform” rating in a research note on Thursday, October 20th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating on shares of Fulton Financial Corp. in a research note on Wednesday, October 12th. Seven equities research analysts have rated the stock with a hold rating, Fulton Financial Corp. currently has an average rating of “Hold” and a consensus target price of $15.50.

Analyst Recommendations for Fulton Financial Corp. (NASDAQ:FULT)

Shares of Fulton Financial Corp. (NASDAQ:FULT) opened at 17.50 on Friday. The firm has a market cap of $3.03 billion, a P/E ratio of 19.23 and a beta of 0.96. The company’s 50-day moving average price is $15.11 and its 200-day moving average price is $14.19. Fulton Financial Corp. has a 12 month low of $11.48 and a 12 month high of $17.98.

Fulton Financial Corp. (NASDAQ:FULT) last announced its earnings results on Tuesday, October 18th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Fulton Financial Corp. had a return on equity of 7.57% and a net margin of 20.23%. The firm had revenue of $130.57 million for the quarter, compared to the consensus estimate of $136.49 million. During the same quarter in the previous year, the business earned $0.20 EPS. The company’s revenue was down 23.4% compared to the same quarter last year. On average, analysts predict that Fulton Financial Corp. will post $0.93 EPS for the current year.

In other Fulton Financial Corp. news, CEO E Philip Wenger sold 22,258 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $17.66, for a total transaction of $393,076.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Curtis J. Myers sold 15,580 shares of the business’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $14.34, for a total transaction of $223,417.20. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Wagner Bowman Management Corp boosted its stake in shares of Fulton Financial Corp. by 0.6% in the second quarter. Wagner Bowman Management Corp now owns 11,878 shares of the company’s stock worth $160,000 after buying an additional 74 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Fulton Financial Corp. during the second quarter worth about $172,000. RKL Wealth Management LLC boosted its stake in shares of Fulton Financial Corp. by 63.3% in the second quarter. RKL Wealth Management LLC now owns 48,337 shares of the company’s stock worth $671,000 after buying an additional 18,737 shares during the last quarter. LS Investment Advisors LLC boosted its stake in shares of Fulton Financial Corp. by 76.7% in the second quarter. LS Investment Advisors LLC now owns 10,458 shares of the company’s stock worth $141,000 after buying an additional 4,538 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. boosted its stake in shares of Fulton Financial Corp. by 1.1% in the second quarter. Eagle Boston Investment Management Inc. now owns 69,233 shares of the company’s stock worth $934,000 after buying an additional 775 shares during the last quarter. 59.02% of the stock is currently owned by institutional investors and hedge funds.

Fulton Financial Corp. Company Profile

Fulton Financial Corporation is a multi-bank financial holding company. The Company provides a range of banking and financial services to businesses and consumers through its banking subsidiaries: Fulton Bank, N.A., Fulton Bank of New Jersey, The Columbia Bank, Lafayette Ambassador Bank, FNB Bank, N.A.

5 Day Chart for NASDAQ:FULT

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