Fulton Financial (NASDAQ:FULT – Get Free Report) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.
A number of other research analysts have also issued reports on FULT. Keefe, Bruyette & Woods lifted their target price on Fulton Financial from $16.00 to $17.00 and gave the company a “market perform” rating in a report on Thursday, January 18th. Stephens decreased their target price on Fulton Financial from $16.00 to $15.50 and set an “equal weight” rating for the company in a report on Thursday, April 18th. Finally, Jefferies Financial Group decreased their price target on Fulton Financial from $17.00 to $16.00 and set a “hold” rating for the company in a report on Monday, April 8th. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, Fulton Financial has a consensus rating of “Hold” and an average target price of $16.17.
Read Our Latest Research Report on FULT
Fulton Financial Trading Up 0.4 %
Institutional Trading of Fulton Financial
A number of hedge funds and other institutional investors have recently made changes to their positions in FULT. AE Wealth Management LLC acquired a new stake in shares of Fulton Financial during the third quarter worth about $156,000. SG Americas Securities LLC increased its position in Fulton Financial by 91.0% in the 3rd quarter. SG Americas Securities LLC now owns 143,292 shares of the bank’s stock valued at $1,735,000 after acquiring an additional 68,286 shares during the period. GW Henssler & Associates Ltd. acquired a new position in Fulton Financial in the 3rd quarter valued at about $124,000. Miracle Mile Advisors LLC increased its position in Fulton Financial by 3.3% in the 3rd quarter. Miracle Mile Advisors LLC now owns 32,494 shares of the bank’s stock valued at $394,000 after acquiring an additional 1,048 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Fulton Financial by 20.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,563 shares of the bank’s stock valued at $382,000 after acquiring an additional 5,428 shares during the period. Institutional investors and hedge funds own 72.02% of the company’s stock.
About Fulton Financial
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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