Why You Need Fulton Financial Corporation (FULT) On Your Watchlist

Fulton Financial Corporation (NASDAQ:FULT) saw an upside of 0.87% to close Tuesday at $16.18 after adding $0.14 on the day. The 5-day average trading volume is 849,200 shares of the company’s common stock. It has gained $16.49 in the past week. An average of 1,197,845 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 931,030.

FULT’s 1-month performance is 5.20% or $1.00 on its low of $14.16 reached on 09/20/21. The company’s shares have touched a 52-week low of $9.88 and high of $18.41, with the stock’s rally to the 52-week high happening on 03/18/21. YTD, FULT has achieved 27.20% or $3.46. However, the current price is down -12.11%% from the 52-week high price.

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Insider Transactions

On May 18, 148 days have gone by since the last insider trading activity for Fulton Financial Corporation (FULT). Mueller Meg R (SEVP) most recently sold 11,250 shares at $17.68 per share on May 18. This transaction cost the insider $198,915. Director, MOXLEY JAMES R III, sold 3 shares at a price of $17.67 on May 10. Then, on May 06, Director MOXLEY JAMES R III sold 386 shares at a price of $17.34 per share. This transaction amounted to $6,694.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 21.26 and a low of 7.580. FULT stock has a beta of 0.87. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.62 while the price-to-book (PB) in the most recent quarter is 1.05, with the price to cash flow ratio at 8.55.

Fulton Financial Corporation pays an annual dividend of $0.56 per share. Its dividend yield is 3.46% and the payout ratio is 35.40%. FULT paid $0.14 a share compared with prior rate of $0.14, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.01 reported on Tuesday March 16 2021. Measured over the last 3 years, the Dividend has been growing by 18.18% yearly.

It is projected that Fulton Financial Corporation’s next ex-dividend date will be on 31-Dec. FULT is expected to distribute $0.14 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.25, while the total debt to equity was 0.25 while for the period ending June 29; Fulton Financial Corporation’s operating margin was 86.80%. The firm’s gross profit as reported stood at $629.21 million against revenue of $742.88 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected FULT to announce $0.33 per share in earnings in its latest quarter, but it posted $0.38, representing a 15.20% surprise. FULT stock balance sheet for the quarter ending June 29 shows that, with total debt at $1.27 billion. Shareholders hold equity totaling $163.07 million

Technical Picture

Let’s look briefly at Fulton Financial Corporation (FULT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 64.32% to suggest the stock is trending Neutral, with historical volatility in this time period at 21.69%.

The stock’s 5-day moving average is $16.16, reflecting a +1.63% or $0.26 change from its current price. FULT is currently trading +7.65% above its 20-day SMA, -6.37% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +6.03% and +26.51% respectively.

Stochastic %K and %D was 86.12% and 91.14% and the average true range (ATR) pointed at 0.37. The RSI (14) points at 60.76%, while the 14-day stochastic is at 83.15% with the period’s ATR at 0.37. The stock’s 9-day MACD Oscillator is pointing at 0.25 and 0.46 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Fulton Financial Corporation (NASDAQ: FULT), Raymond James upgraded it to an Outperform rating. They previously had a Mkt perform rating on the stock. Analysts offering their rating for FULT stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate FULT as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.

What is FULT’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $15.00 and a high of $17.50, with their median price target at $16.75. Looking at these predictions, the average price target given by analysts is for Fulton Financial Corporation (FULT) stock is $16.50.


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