Wall Street analysts expect Fulton Financial Corp (NASDAQ:FULT) to announce earnings of $0.35 per share for the current quarter, according to Zacks. Five analysts have issued estimates for Fulton Financial’s earnings. The lowest EPS estimate is $0.34 and the highest is $0.37. Fulton Financial posted earnings per share of $0.28 during the same quarter last year, which indicates a positive year over year growth rate of 25%. The business is expected to issue its next earnings report on Monday, January 28th.

On average, analysts expect that Fulton Financial will report full-year earnings of $1.19 per share for the current year, with EPS estimates ranging from $1.13 to $1.22. For the next fiscal year, analysts expect that the business will report earnings of $1.40 per share, with EPS estimates ranging from $1.34 to $1.48. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Fulton Financial.

Fulton Financial (NASDAQ:FULT) last announced its earnings results on Tuesday, October 16th. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.04. The firm had revenue of $214.23 million during the quarter, compared to analyst estimates of $209.72 million. Fulton Financial had a net margin of 20.45% and a return on equity of 8.89%. During the same quarter in the prior year, the firm posted $0.28 EPS.

A number of equities analysts recently issued reports on FULT shares. ValuEngine upgraded shares of Fulton Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Zacks Investment Research upgraded shares of Fulton Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, July 11th. BidaskClub lowered shares of Fulton Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 17th. Piper Jaffray Companies upgraded shares of Fulton Financial from a “neutral” rating to an “overweight” rating and increased their target price for the company from $18.50 to $19.00 in a research report on Thursday, July 19th. Finally, Hovde Group set a $19.00 target price on shares of Fulton Financial and gave the company a “hold” rating in a research report on Monday, July 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.83.

Large investors have recently bought and sold shares of the company. Raymond James & Associates bought a new position in shares of Fulton Financial during the 2nd quarter valued at about $180,000. Nomura Holdings Inc. purchased a new stake in Fulton Financial during the second quarter valued at about $219,000. Glen Harbor Capital Management LLC lifted its stake in Fulton Financial by 29.9% during the second quarter. Glen Harbor Capital Management LLC now owns 16,256 shares of the bank’s stock valued at $268,000 after buying an additional 3,744 shares in the last quarter. Riverhead Capital Management LLC lifted its stake in Fulton Financial by 29.6% during the second quarter. Riverhead Capital Management LLC now owns 17,960 shares of the bank’s stock valued at $296,000 after buying an additional 4,100 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new stake in Fulton Financial during the second quarter valued at about $302,000. Institutional investors own 62.82% of the company’s stock.

Shares of FULT opened at $16.49 on Thursday. The stock has a market capitalization of $2.90 billion, a P/E ratio of 14.59, a P/E/G ratio of 1.74 and a beta of 1.05. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.98 and a quick ratio of 0.97. Fulton Financial has a 52-week low of $15.05 and a 52-week high of $19.55.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Monday, October 1st were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, September 28th. This represents a $0.48 annualized dividend and a dividend yield of 2.91%. Fulton Financial’s dividend payout ratio (DPR) is 44.86%.

Fulton Financial Company Profile

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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Earnings History and Estimates for Fulton Financial (NASDAQ:FULT)

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