Shares of Fulton Financial Corp (NASDAQ:FULT) saw unusually-strong trading volume on Friday . Approximately 3,200,299 shares changed hands during mid-day trading, an increase of 216% from the previous session’s volume of 1,012,975 shares.The stock last traded at $19.25 and had previously closed at $19.25.
A number of analysts have recently commented on FULT shares. Zacks Investment Research raised Fulton Financial from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Wednesday, January 3rd. BidaskClub raised Fulton Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 8th. Finally, Barclays upped their price target on Fulton Financial from $18.00 to $19.00 and gave the company an “underweight” rating in a research note on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $18.80.
The company has a debt-to-equity ratio of 0.47, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $3,330.49, a P/E ratio of 19.64 and a beta of 1.02.
Fulton Financial (NASDAQ:FULT) last posted its earnings results on Monday, January 22nd. The bank reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. Fulton Financial had a return on equity of 8.51% and a net margin of 19.59%. The business had revenue of $206.37 million during the quarter, compared to analysts’ expectations of $201.30 million. During the same period in the prior year, the business earned $0.24 EPS. Fulton Financial’s revenue for the quarter was up 11.6% compared to the same quarter last year. analysts anticipate that Fulton Financial Corp will post 1.25 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its stake in Fulton Financial by 4.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,644 shares of the bank’s stock worth $221,000 after purchasing an additional 539 shares in the last quarter. Glenmede Trust Co. NA increased its stake in Fulton Financial by 3.6% during the 4th quarter. Glenmede Trust Co. NA now owns 79,528 shares of the bank’s stock worth $1,423,000 after purchasing an additional 2,735 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Fulton Financial by 46.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,306 shares of the bank’s stock worth $202,000 after purchasing an additional 3,585 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in Fulton Financial by 15.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 33,631 shares of the bank’s stock worth $631,000 after purchasing an additional 4,600 shares in the last quarter. Finally, Profund Advisors LLC increased its stake in Fulton Financial by 18.4% during the 4th quarter. Profund Advisors LLC now owns 31,373 shares of the bank’s stock worth $562,000 after purchasing an additional 4,866 shares in the last quarter. 63.43% of the stock is owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/03/16/fulton-financial-fult-sees-unusually-high-trading-volume.html.
About Fulton Financial
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).
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.