Brokerages forecast that Fulton Financial Corp (NASDAQ:FULT) will announce earnings of $0.35 per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Fulton Financial’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.37. Fulton Financial reported earnings per share of $0.37 in the same quarter last year, which suggests a negative year over year growth rate of 5.4%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, October 15th.

According to Zacks, analysts expect that Fulton Financial will report full year earnings of $1.40 per share for the current financial year, with EPS estimates ranging from $1.38 to $1.42. For the next year, analysts forecast that the firm will post earnings of $1.42 per share, with EPS estimates ranging from $1.36 to $1.45. Zacks’ EPS averages are an average based on a survey of research analysts that cover Fulton Financial.

Fulton Financial (NASDAQ:FULT) last announced its quarterly earnings results on Tuesday, July 16th. The bank reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. Fulton Financial had a return on equity of 10.51% and a net margin of 23.75%. The firm had revenue of $221.94 million during the quarter, compared to the consensus estimate of $218.51 million. During the same period in the prior year, the firm earned $0.20 EPS. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year.

Several brokerages recently issued reports on FULT. DA Davidson reiterated a “neutral” rating on shares of Fulton Financial in a report on Thursday, April 18th. ValuEngine downgraded Fulton Financial from a “hold” rating to a “sell” rating in a report on Friday, June 21st. Boenning Scattergood reiterated a “hold” rating on shares of Fulton Financial in a report on Wednesday, July 17th. BidaskClub upgraded Fulton Financial from a “sell” rating to a “hold” rating in a report on Friday, June 28th. Finally, Zacks Investment Research upgraded Fulton Financial from a “sell” rating to a “hold” rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $18.83.

NASDAQ FULT traded down $0.33 during trading hours on Wednesday, hitting $15.69. The company had a trading volume of 95,801 shares, compared to its average volume of 985,229. Fulton Financial has a fifty-two week low of $14.38 and a fifty-two week high of $18.45. The stock has a market cap of $2.69 billion, a P/E ratio of 13.32, a price-to-earnings-growth ratio of 1.45 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.95. The business’s 50 day moving average is $16.43.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.52 annualized dividend and a dividend yield of 3.31%. Fulton Financial’s dividend payout ratio is presently 44.07%.

In other news, insider Michael J. Deporter sold 3,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $16.91, for a total transaction of $50,730.00. Following the completion of the sale, the insider now directly owns 2,266 shares in the company, valued at $38,318.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.02% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the company. WINTON GROUP Ltd grew its stake in shares of Fulton Financial by 39.7% during the second quarter. WINTON GROUP Ltd now owns 473,965 shares of the bank’s stock valued at $7,759,000 after acquiring an additional 134,784 shares in the last quarter. Calamos Advisors LLC acquired a new stake in shares of Fulton Financial during the first quarter valued at about $211,000. Hudock Capital Group LLC grew its stake in shares of Fulton Financial by 99.8% during the first quarter. Hudock Capital Group LLC now owns 4,855 shares of the bank’s stock valued at $75,000 after acquiring an additional 2,425 shares in the last quarter. Norges Bank acquired a new stake in shares of Fulton Financial during the fourth quarter valued at about $28,422,000. Finally, Geode Capital Management LLC grew its stake in shares of Fulton Financial by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 2,356,948 shares of the bank’s stock valued at $36,485,000 after acquiring an additional 108,936 shares in the last quarter. Institutional investors own 64.66% of the company’s stock.

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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