Fulton Financial Corp. (NASDAQ:FULT) shares traded -1.49% lower at $16.55 on Wall Street last session.
FULT stock price is now 8.03% away from the 50-day moving average and 14.70% away from the 200-day moving average. The market capitalization of the company currently stands at $2.68B.
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With the price target maintained at $19.50, Janney recently Upgraded its rating from Neutral to Buy for Fulton Financial Corp. (NASDAQ: FULT). On December 14, 2023, Stephens Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock increasing its target price from $14 to quote $16, while ‘Janney’ rates the stock as ‘Neutral’
In other news, Wenger E Philip, Director sold 0 shares of the company’s stock on Nov 07 ’23. The stock was sold for $4 at an average price of $13.75. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 12 ’23, Chairman & CEO Myers Curtis J bought 15,000 shares of the business’s stock. A total of $147,156 was incurred on buying the stock at an average price of $9.81. This leaves the insider owning 157,044 shares of the company worth $2.6 million. A total of 1.16% of the company’s stock is owned by insiders.
During the past 12 months, Fulton Financial Corp. has had a low of $9.64 and a high of $17.34.
According to the Banks – Regional Company, earnings per share came in at 0.46, beating analysts’ expectations of 0.42 by 0.04. This compares to $0.39 EPS in the same period last year. The net profit margin was 17.17% and return on equity was 10.34% for FULT. The company reported revenue of $339.67 million for the quarter, compared to $289.82 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.2 percent. For the current quarter, analysts expect FULT to generate $241.88M in revenue.
