2 weeks Ago By Defense World Staff
Fulton Financial Co. ( NASDAQ:FULT – Get Free Report ) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totalling 5,620,000 shares, a drop of 8.
5% from the August 31st total of 6,140,000 shares. Based on an average daily trading volume, of 1,600,000 shares, the days-to-cover ratio is currently 3.5 days.
Wall Street Analyst Weigh In Several brokerages have recently issued reports on FULT. StockNews.com raised shares of Fulton Financial from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th.
Jefferies Financial Group reduced their target price on shares of Fulton Financial from $18.50 to $18.00 and set a “hold” rating for the company in a report on Wednesday, July 3rd.
Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $18.40.
Check Out Our Latest Stock Report on Fulton Financial Institutional Trading of Fulton Financial Fulton Financial Trading Down 4.4 % FULT traded down $0.79 during trading on Tuesday, reaching $17.
34. The company had a trading volume of 1,411,754 shares, compared to its average volume of 1,450,242. The firm’s 50-day simple moving average is $18.
38 and its 200 day simple moving average is $17.09. The company has a debt-to-equity ratio of 0.
26, a quick ratio of 0.93 and a current ratio of 0.93.
The company has a market cap of $3.15 billion, a price-to-earnings ratio of 10.84 and a beta of 0.
74. Fulton Financial has a 12-month low of $11.63 and a 12-month high of $20.
33. Fulton Financial ( NASDAQ:FULT – Get Free Report ) last released its earnings results on Tuesday, July 16th. The bank reported $0.
47 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.22.
The business had revenue of $334.71 million for the quarter, compared to the consensus estimate of $296.38 million.
Fulton Financial had a net margin of 17.93% and a return on equity of 11.29%.
The firm’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period last year, the firm posted $0.
47 earnings per share. Equities research analysts anticipate that Fulton Financial will post 1.73 earnings per share for the current year.
Fulton Financial Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be paid a dividend of $0.17 per share.
This represents a $0.68 annualized dividend and a yield of 3.92%.
The ex-dividend date of this dividend is Tuesday, October 1st. Fulton Financial’s dividend payout ratio (DPR) is currently 42.24%.
Fulton Financial Company Profile ( Get Free Report ) 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. Further Reading Five stocks we like better than Fulton Financial What is the Euro STOXX 50 Index? Why Lennar Stock Could Be the Best Play in the Housing Market There Are Different Types of Stock To Invest In 2 Energy Stocks Fueling the AI Datacenter Boom Financial Services Stocks Investing Will Marinus Pharmaceuticals Be the Next Big Winner in Biotech? Receive News & Ratings for Fulton Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fulton Financial and related companies with MarketBeat.
com's FREE daily email newsletter ..
