Fulton Financial Corp (FULT) Receives $18.33 Average Target Price from Brokerages
Fulton Financial Corp (NASDAQ:FULT) has received a consensus rating of “Hold” from the ten research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $18.57.
A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of 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. BidaskClub upgraded shares of Fulton Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 11th. ValuEngine upgraded shares of Fulton Financial from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. Hovde Group set a $19.00 price target on shares of Fulton Financial and gave the stock a “hold” rating in a research report on Monday, July 23rd. Finally, Piper Jaffray Companies upgraded shares of Fulton Financial from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $18.50 to $19.00 in a research report on Thursday, July 19th.
Shares of NASDAQ:FULT opened at $18.00 on Tuesday. Fulton Financial has a fifty-two week low of $15.05 and a fifty-two week high of $19.55. The stock has a market capitalization of $3.19 billion, a P/E ratio of 16.82, a PEG ratio of 1.98 and a beta of 1.01. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 0.97.
Several institutional investors and hedge funds have recently made changes to their positions in FULT. Rhumbline Advisers grew its stake in shares of Fulton Financial by 14.4% in the 1st quarter. Rhumbline Advisers now owns 394,390 shares of the bank’s stock worth $7,000,000 after purchasing an additional 49,588 shares during the last quarter. Fulton Bank N.A. grew its stake in shares of Fulton Financial by 1.8% in the 1st quarter. Fulton Bank N.A. now owns 1,895,890 shares of the bank’s stock worth $33,652,000 after purchasing an additional 33,735 shares during the last quarter. Comerica Bank grew its stake in shares of Fulton Financial by 1.5% in the 1st quarter. Comerica Bank now owns 251,417 shares of the bank’s stock worth $4,287,000 after purchasing an additional 3,694 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Fulton Financial by 8.0% in the 1st quarter. SG Americas Securities LLC now owns 68,431 shares of the bank’s stock worth $1,215,000 after purchasing an additional 5,054 shares during the last quarter. Finally, Zeke Capital Advisors LLC grew its stake in shares of Fulton Financial by 32.2% in the 1st quarter. Zeke Capital Advisors LLC now owns 14,088 shares of the bank’s stock worth $250,000 after purchasing an additional 3,431 shares during the last quarter. 62.72% of the stock is currently owned by institutional investors.
About Fulton Financial
Fulton Financial Corporation operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company also offers consumer loans, including home equity loans and lines of credit, automobile loans, automobile and equipment leases, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial, financial, agricultural, and real estate loans.
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