Fulton Financial Corporation (FULT) To Go Ex-Dividend on November 30th
Fulton Financial Corporation (NASDAQ:FULT) declared a special dividend on Tuesday, November 21st, Wall Street Journal reports. Shareholders of record on Friday, December 1st will be given a dividend of 0.03 per share by the bank on Friday, December 15th. This represents a yield of 2.42%. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from Fulton Financial Corporation’s previous special dividend of $0.02.
Fulton Financial Corporation (NASDAQ FULT) opened at $17.95 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $3,160.95, a price-to-earnings ratio of 17.52 and a beta of 1.16. Fulton Financial Corporation has a 12-month low of $16.45 and a 12-month high of $19.90.
Fulton Financial Corporation (NASDAQ:FULT) last posted its quarterly earnings data on Tuesday, October 17th. The bank reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. The firm had revenue of $194.19 million for the quarter, compared to analysts’ expectations of $200.00 million. Fulton Financial Corporation had a return on equity of 8.28% and a net margin of 21.15%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 EPS. sell-side analysts forecast that Fulton Financial Corporation will post 1.05 earnings per share for the current fiscal year.
Several research firms have weighed in on FULT. ValuEngine upgraded Fulton Financial Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Piper Jaffray Companies reiterated a “hold” rating and set a $18.00 price objective on shares of Fulton Financial Corporation in a research report on Thursday, October 19th. Zacks Investment Research upgraded Fulton Financial Corporation from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Wednesday, September 20th. BidaskClub cut Fulton Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $17.50 price objective on shares of Fulton Financial Corporation in a research report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $18.60.
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).
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