Shares of Fulton Financial Corporation (NASDAQ:FULT) have received an average rating of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $18.00.

FULT has been the subject of several research reports. Stephens initiated coverage on shares of Fulton Financial Corporation in a report on Thursday, July 13th. They set an “equal weight” rating for the company. Keefe, Bruyette & Woods reissued a “hold” rating and set a $18.00 price objective on shares of Fulton Financial Corporation in a report on Thursday, April 20th. Jefferies Group LLC reissued a “hold” rating and set a $20.00 price objective on shares of Fulton Financial Corporation in a report on Friday, July 14th. ValuEngine raised shares of Fulton Financial Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Finally, Boenning Scattergood reissued a “hold” rating on shares of Fulton Financial Corporation in a report on Wednesday, July 19th.

In related news, insider Michael J. Deporter sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $18.00, for a total transaction of $27,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig A. Roda sold 19,309 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $18.42, for a total transaction of $355,671.78. The disclosure for this sale can be found here. Insiders have sold 26,348 shares of company stock valued at $484,312 over the last 90 days. 0.68% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in FULT. BlackRock Inc. raised its stake in shares of Fulton Financial Corporation by 17,543.0% in the first quarter. BlackRock Inc. now owns 18,627,957 shares of the bank’s stock valued at $332,509,000 after buying an additional 18,522,374 shares during the period. Vanguard Group Inc. raised its stake in shares of Fulton Financial Corporation by 2.1% in the second quarter. Vanguard Group Inc. now owns 15,089,443 shares of the bank’s stock valued at $286,699,000 after buying an additional 314,230 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Fulton Financial Corporation by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 14,443,398 shares of the bank’s stock valued at $274,426,000 after buying an additional 112,692 shares during the period. State Street Corp raised its stake in shares of Fulton Financial Corporation by 4.0% in the second quarter. State Street Corp now owns 9,239,829 shares of the bank’s stock valued at $175,556,000 after buying an additional 353,566 shares during the period. Finally, Alliancebernstein L.P. raised its stake in shares of Fulton Financial Corporation by 0.6% in the second quarter. Alliancebernstein L.P. now owns 5,009,090 shares of the bank’s stock valued at $95,173,000 after buying an additional 29,669 shares during the period. Institutional investors own 62.30% of the company’s stock.

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Fulton Financial Corporation (FULT) traded up 0.148% on Friday, hitting $16.875. 234,459 shares of the stock were exchanged. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 17.045 and a beta of 1.16. Fulton Financial Corporation has a 12 month low of $13.94 and a 12 month high of $19.90. The company has a 50-day moving average of $18.33 and a 200-day moving average of $18.32.

Fulton Financial Corporation (NASDAQ:FULT) last released its quarterly earnings data on Tuesday, July 18th. The bank reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. Fulton Financial Corporation had a net margin of 20.86% and a return on equity of 8.02%. The firm had revenue of $193.93 million during the quarter, compared to analysts’ expectations of $194.02 million. During the same period in the previous year, the company earned $0.23 earnings per share. On average, equities analysts predict that Fulton Financial Corporation will post $1.06 EPS for the current year.

About Fulton Financial Corporation

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).

Analyst Recommendations for Fulton Financial Corporation (NASDAQ:FULT)

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