Fulton Financial Corporation (NASDAQ:FULT) announced a quarterly dividend on Wednesday, December 20th, Wall Street Journal reports. Stockholders of record on Tuesday, January 2nd will be paid a dividend of 0.11 per share by the bank on Tuesday, January 16th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Friday, December 29th.

Shares of Fulton Financial (NASDAQ FULT) traded down $0.15 during trading hours on Wednesday, hitting $18.15. The stock had a trading volume of 973,893 shares, compared to its average volume of 873,221. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.47. Fulton Financial has a 1-year low of $16.45 and a 1-year high of $19.90. The stock has a market cap of $3,200.00, a PE ratio of 17.82 and a beta of 1.17.

Fulton Financial (NASDAQ:FULT) last issued its earnings results on Tuesday, October 17th. The bank reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. Fulton Financial had a return on equity of 8.28% and a net margin of 21.15%. The business had revenue of $194.19 million during the quarter, compared to analysts’ expectations of $200.00 million. During the same quarter in the previous year, the business earned $0.24 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. research analysts expect that Fulton Financial will post 1.05 EPS for the current year.

A number of equities analysts have weighed in on the company. BidaskClub cut Fulton Financial from a “hold” rating to a “sell” rating in a report on Saturday, December 9th. Piper Jaffray Companies restated a “hold” rating and issued a $18.00 price target on shares of Fulton Financial in a report on Thursday, October 19th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $17.00 price target on shares of Fulton Financial in a report on Thursday, October 19th. Zacks Investment Research upgraded Fulton Financial from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Wednesday, September 20th. Finally, Jefferies Group restated a “hold” rating and issued a $20.00 price target on shares of Fulton Financial in a report on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $18.60.

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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).

Dividend History for Fulton Financial (NASDAQ:FULT)

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