Jefferies Group Comments on Fulton Financial Corporation’s Q1 2018 Earnings (FULT)
Fulton Financial Corporation (NASDAQ:FULT) – Investment analysts at Jefferies Group issued their Q1 2018 EPS estimates for shares of Fulton Financial in a report released on Tuesday. Jefferies Group analyst C. Haire forecasts that the bank will post earnings of $0.28 per share for the quarter. Jefferies Group also issued estimates for Fulton Financial’s Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.33 EPS and Q4 2018 earnings at $0.34 EPS.
FULT has been the topic of a number of other research reports. Barclays raised their price objective on shares of Fulton Financial from $18.00 to $19.00 and gave the company an “underweight” rating in a research note on Tuesday, January 2nd. Piper Jaffray Companies reiterated a “hold” rating and set a $18.00 price objective on shares of Fulton Financial in a research note on Thursday, October 19th. Zacks Investment Research upgraded shares of Fulton Financial from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Wednesday, January 3rd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $17.00 price objective on shares of Fulton Financial in a research note on Thursday, October 19th. Finally, BidaskClub lowered shares of Fulton Financial from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $18.80.
Fulton Financial (NASDAQ:FULT) opened at $18.80 on Friday. Fulton Financial has a 12 month low of $16.45 and a 12 month high of $19.90. 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 company has a market cap of $3,290.00, a P/E ratio of 18.43 and a beta of 1.17.
Fulton Financial (NASDAQ:FULT) last announced its quarterly earnings results on Tuesday, October 17th. The bank reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. Fulton Financial had a net margin of 21.15% and a return on equity of 8.28%. The company had revenue of $194.19 million for the quarter, compared to analyst estimates of $200.00 million. During the same quarter last year, the business earned $0.24 earnings per share. Fulton Financial’s revenue was up 8.7% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.34%. Fulton Financial’s dividend payout ratio is presently 43.14%.
Several hedge funds and other institutional investors have recently bought and sold shares of FULT. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Fulton Financial by 7.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,721 shares of the bank’s stock worth $147,000 after buying an additional 519 shares during the last quarter. Advisor Group Inc. grew its position in Fulton Financial by 5.3% in the second quarter. Advisor Group Inc. now owns 8,336 shares of the bank’s stock worth $158,000 after buying an additional 417 shares during the last quarter. Riverhead Capital Management LLC grew its position in Fulton Financial by 56.0% in the second quarter. Riverhead Capital Management LLC now owns 9,985 shares of the bank’s stock worth $190,000 after buying an additional 3,585 shares during the last quarter. FDx Advisors Inc. acquired a new position in Fulton Financial in the third quarter worth approximately $192,000. Finally, C M Bidwell & Associates Ltd. grew its position in Fulton Financial by 121.1% in the second quarter. C M Bidwell & Associates Ltd. now owns 10,755 shares of the bank’s stock worth $204,000 after buying an additional 5,890 shares during the last quarter. Institutional investors and hedge funds own 62.73% of the company’s stock.
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 Analyst Ratings Network's FREE daily email newsletter.