Fulton Financial Corp (NASDAQ:FULT) – Equities research analysts at Jefferies Financial Group lowered their Q3 2021 EPS estimates for Fulton Financial in a research report issued to clients and investors on Thursday, July 9th. Jefferies Financial Group analyst C. Haire now expects that the bank will earn $0.27 per share for the quarter, down from their previous estimate of $0.33. Jefferies Financial Group also issued estimates for Fulton Financial’s Q4 2021 earnings at $0.32 EPS.

Fulton Financial (NASDAQ:FULT) last issued its earnings results on Tuesday, April 21st. The bank reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.25. The company had revenue of $215.39 million during the quarter, compared to analyst estimates of $210.10 million. Fulton Financial had a return on equity of 8.73% and a net margin of 19.35%. During the same quarter last year, the firm earned $0.33 EPS.

Several other research firms have also commented on FULT. Zacks Investment Research raised shares of Fulton Financial from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Tuesday, June 23rd. BidaskClub lowered Fulton Financial from a “sell” rating to a “strong sell” rating in a report on Saturday, June 13th. ValuEngine raised Fulton Financial from a “sell” rating to a “hold” rating in a report on Thursday, July 2nd. Stephens initiated coverage on Fulton Financial in a research note on Monday, June 1st. They set an “equal weight” rating and a $12.00 price objective for the company. Finally, Raymond James upgraded Fulton Financial from a “market perform” rating to an “outperform” rating and set a $12.00 target price on the stock in a research note on Wednesday, June 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $12.00.

Fulton Financial stock opened at $9.89 on Monday. The company has a market cap of $1.58 billion, a PE ratio of 8.17 and a beta of 0.97. Fulton Financial has a 12 month low of $8.91 and a 12 month high of $18.00. The company has a fifty day moving average price of $10.69 and a two-hundred day moving average price of $13.10. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.95 and a quick ratio of 0.95.

Several institutional investors have recently bought and sold shares of FULT. Corbenic Partners LLC raised its holdings in Fulton Financial by 219.4% during the first quarter. Corbenic Partners LLC now owns 3,194 shares of the bank’s stock worth $37,000 after purchasing an additional 2,194 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Fulton Financial in the 4th quarter worth $44,000. Key Financial Inc acquired a new stake in shares of Fulton Financial in the first quarter valued at $51,000. Marshall Wace North America L.P. acquired a new stake in shares of Fulton Financial in the fourth quarter valued at $83,000. Finally, Tudor Investment Corp Et Al bought a new position in Fulton Financial during the first quarter valued at about $124,000. Institutional investors and hedge funds own 64.71% of the company’s stock.

In related news, Director James R. Moxley III acquired 8,000 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average cost of $10.99 per share, for a total transaction of $87,920.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Angela M. Sargent sold 8,172 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $11.59, for a total transaction of $94,713.48. Following the completion of the sale, the executive vice president now directly owns 58,902 shares of the company’s stock, valued at approximately $682,674.18. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 5.26%. The ex-dividend date of this dividend is Tuesday, June 30th. Fulton Financial’s dividend payout ratio is currently 37.41%.

About Fulton Financial

Fulton Financial Corporation operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company also offers consumer loans, including home equity loans and lines of credit, automobile loans, automobile and equipment leases, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial, financial, agricultural, and real estate loans.

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Earnings History and Estimates for Fulton Financial (NASDAQ:FULT)

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