Analysts Set Expectations for Fulton Financial Corp’s Q1 2018 Earnings (NASDAQ:FULT)

Fulton Financial Corp (NASDAQ:FULT) – Research analysts at Jefferies Group issued their Q1 2018 earnings per share estimates for shares of Fulton Financial in a report issued on Tuesday, Zacks Investment Research reports. Jefferies Group analyst C. Haire forecasts that the bank will earn $0.28 per share for the quarter. Jefferies Group also issued estimates for Fulton Financial’s Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.33 EPS and Q4 2018 earnings at $0.34 EPS.

Several other analysts have also recently weighed in on FULT. BidaskClub upgraded Fulton Financial from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 31st. Zacks Investment Research upgraded Fulton Financial from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Wednesday, January 3rd. Keefe, Bruyette & Woods restated a “hold” rating and set a $17.00 price target on shares of Fulton Financial in a report on Thursday, October 19th. Piper Jaffray Companies restated a “hold” rating and set a $18.00 price target on shares of Fulton Financial in a report on Thursday, October 19th. Finally, Barclays boosted their price target on Fulton Financial from $18.00 to $19.00 and gave the stock an “underweight” rating in a report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $18.80.

Fulton Financial (FULT) traded down $0.50 during trading hours on Friday, hitting $17.75. The stock had a trading volume of 2,585,214 shares, compared to its average volume of 919,359. The company has a market capitalization of $3,190.00, a PE ratio of 18.11 and a beta of 1.05. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.98 and a current ratio of 0.98. Fulton Financial has a 52 week low of $16.45 and a 52 week high of $19.90.

Fulton Financial (NASDAQ:FULT) last released its earnings results on Monday, January 22nd. The bank reported $0.28 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.28. Fulton Financial had a return on equity of 8.51% and a net margin of 19.59%. The firm had revenue of $206.37 million for the quarter, compared to analysts’ expectations of $201.30 million. During the same quarter in the previous year, the business posted $0.24 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Friday, December 29th. Fulton Financial’s payout ratio is presently 44.90%.

A number of hedge funds have recently made changes to their positions in FULT. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Fulton Financial by 7.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,721 shares of the bank’s stock valued at $147,000 after acquiring an additional 519 shares during the last quarter. Advisor Group Inc. boosted its holdings in Fulton Financial by 5.3% in the second quarter. Advisor Group Inc. now owns 8,336 shares of the bank’s stock valued at $158,000 after acquiring an additional 417 shares during the last quarter. Riverhead Capital Management LLC boosted its holdings in Fulton Financial by 56.0% in the second quarter. Riverhead Capital Management LLC now owns 9,985 shares of the bank’s stock valued at $190,000 after acquiring an additional 3,585 shares during the last quarter. FDx Advisors Inc. bought a new stake in Fulton Financial in the third quarter valued at approximately $192,000. Finally, C M Bidwell & Associates Ltd. boosted its holdings in Fulton Financial by 121.1% in the second quarter. C M Bidwell & Associates Ltd. now owns 10,755 shares of the bank’s stock valued at $204,000 after acquiring an additional 5,890 shares during the last quarter. Institutional investors and hedge funds own 62.83% of the company’s stock.

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Fulton Financial Company Profile

Fulton Financial Corporation is a financial holding company. The Company is the bank holding company of Fulton Bank N.A. (the Bank). As of December 31, 2016, the Company’s six subsidiary banks were located primarily in suburban or semi-rural geographic markets throughout a five-state region (Pennsylvania, Delaware, Maryland, New Jersey and Virginia).

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

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