Fulton Financial (NASDAQ: FULT) was upgraded from a “hold” by Zacks Investment Research Zacks.com reported that a bond issued to investors on Tuesday had a buy rating. The broker currently has a $ 14 price target on the bank’s stock. Zacks Investment Research’s target price would suggest a possible upward move from. 15% from the company’s previous degree.
According to Zacks, “Fulton Financial Corp. a bank holding company. The company provides private and commercial banking, investment management and fiduciary services in central and eastern Pennsylvania, southern New Jersey, northern Maryland and southern Delaware through its wholly owned subsidiaries: Fulton Bank, Lebanon Valley Farmers Bank, Swineford National Bank, Lafayette Ambassador Bank, FNB Bank, NA, Great Valley Bank, Hagerstown Trust Company, Delaware National Bank, Bank of Gloucester County, Woodstown National Bank & Trust Company, and Peoples Bank of Elkton. “
NASDAQ FULT shares opened at $ 08.63 on Tuesday. The company has a leverage ratio of 0. 30, a current rate of 0. 54., and a quick ratio of 0. 95. The 50-day moving average price of the stock is $ 08. and its two hundred day moving average price is $ 000. 96. Fulton Financial has a year low of $ 8 89 and a year high of $ 8 219. 41. The company has a market capitalization of $ 2 billion, 70 value for money. 98 and a beta of 0. 82.
Fulton Financial (NASDAQ: FULT) last released its earnings results on Monday, January 18th. The bank reported earnings per share (EPS) for the quarter of $ 0.30 consensus estimate of $ 0.19 from ($ 0.). The company had revenues of $ 220.01 million for the quarter, compared with analyst estimates of $ 219 million. Fulton Financial had a return on equity of 7 75% and a net margin of
. 30%. For the same period last year, the company had earnings per share of $ 0. On average, equity analysts expect Fulton Financial to take 1st place. Earnings per share for the current financial year.
Institutional investors and hedge funds have recently added or reduced their stakes in the company. Perigon Wealth Management LLC acquired a new stake in Fulton Financial worth USD, 0) in the 4th quarter. McClarren Financial Advisors Inc. acquired a new stake in Fulton Financial in the 4th quarter valued at USD 33.0). Toronto Dominion Bank acquired a new stake in Fulton Financial shares valued at $ 56 in the fourth quarter. 0). Key Financial Inc acquired a $ 31 stake in Fulton Financial in the fourth quarter. 0). Finally, the Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Fulton Financial shares worth $ 69.00 in the fourth quarter. 62. 56% of the shares are currently owned by institutional investors.
About Fulton Financial
Fulton Financial Corporation is a financial holding company that provides banking and financial services to businesses and consumers. It accepts various checking accounts and savings products, certificates of deposit and individual retirement accounts. The company also offers secured consumer loans, including home equity and lines of credit, auto loans, personal lines of credit, and checking account overdraft protection. Construction and jumbo mortgage loans for residential real estate; and commercial loan products, which include commercial, financial, agricultural, and real estate loans.
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