Fulton Financial (NASDAQ:FULT – Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Tuesday, January 21st. Analysts expect the company to announce earnings of $0.42 per share and revenue of $315,731.00 billion for the quarter.
Fulton Financial (NASDAQ:FULT – Get Free Report) last released its quarterly earnings data on Tuesday, October 15th. The bank reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06. The business had revenue of $487.33 million for the quarter, compared to the consensus estimate of $321.00 million. Fulton Financial had a net margin of 16.37% and a return on equity of 11.33%. During the same period in the prior year, the firm earned $0.43 earnings per share. On average, analysts expect Fulton Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Fulton Financial Stock Performance
NASDAQ:FULT traded up $0.58 on Wednesday, reaching $20.76. 1,878,789 shares of the company’s stock were exchanged, compared to its average volume of 1,688,777. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 13.14 and a beta of 0.79. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a fifty day simple moving average of $20.50 and a 200-day simple moving average of $18.94. Fulton Financial has a 52 week low of $13.87 and a 52 week high of $22.49.
Fulton Financial Increases Dividend
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods lifted their price target on Fulton Financial from $20.00 to $23.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com lowered Fulton Financial from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Piper Sandler set a $21.00 price target on Fulton Financial in a research report on Thursday, October 17th. Finally, Stephens upgraded shares of Fulton Financial from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Fulton Financial has a consensus rating of “Hold” and an average price target of $19.50.
Check Out Our Latest Research Report on Fulton Financial
Insider Buying and Selling
In other news, CEO Curtis J. Myers sold 24,192 shares of Fulton Financial stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $21.16, for a total transaction of $511,902.72. Following the completion of the sale, the chief executive officer now owns 155,946 shares in the company, valued at approximately $3,299,817.36. This trade represents a 13.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.07% of the stock is owned by company insiders.
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.
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