The Price Target For Fulton Financial Corporation (FULT)?

Fulton Financial Corporation (NASDAQ:FULT) finished Friday with an addition of $0.14 to close at $16.82, an upside of 0.84 percent. An average of 1,101,800 shares of common stock have been traded in the last five days. There was a gain of $0.75 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 951,700 shares traded, while the 50-day average volume stands at 958,396.

FULT stock has increased by 13.42% in the last month. The company shares reached their 1-month lowest point of $14.65 on 09/23/21. With the stock rallying to its 52-week high on 03/18/21, shares of the company touched a low of $10.24 and a high of $18.41 in 52 weeks. It has reached a new high 21 times so far this year and achieved 32.23% or $4.10 in price. In spite of this, the price is down -8.64% from the 52-week high.

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Insider Transactions

158 days have passed since Fulton Financial Corporation (FULT) last reported insider trading activity. Mueller Meg R, who is SEVP, most recently acquired $11,250 shares at $17.68 per share on May 18. In this transaction, the insider spent $198,915. Director, MOXLEY JAMES R III, disposed of 3 shares at a price of $17.67 on May 10. The insider now owns more than $52 worth of shares. Prior to that, Director MOXLEY JAMES R III went on to Sale 386 shares at $17.34 each on May 06. An amount of $6,694 was transacted.

Valuation Metrics

Fulton Financial Corporation (FULT) has a trailing price-to-earnings (P/E) ratio of 11.30, which compares with the 16.80 for the broader industry and 13.15 for the sector. In the last five years, Fulton Financial Corporation’s PE ratio has ranged between 21.26 and 7.580. The stock’s beta is 0.87. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.83, the price-to-book (PB) ratio at 1.10, and the price-to-cash flow ratio at 9.05.

Fulton Financial Corporation pays a $0.56 dividend per share annually. It offers a dividend yield of 3.33%. The company has a payout ratio of 35.40%. The company’s most recent quarterly dividend payment took place on Oct. 15, and it was $0.14 a share, without any change from last year. Its dividend has been increased for the last 1 year with the latest increase dividend $0.01 reported on Tuesday March 16 2021.Dividends have grown by 18.18% each year over the last three years.

Further, the company has a long term debt to equity ratio of 0.25 and a total debt to equity ratio of 0.25 for the quarter ending June 29. Its gross profit as reported stood at $629.21 million compared to revenue of $742.88 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Fulton Financial Corporation’s return on assets was 0.90%. For the broader industry, ROE averaged 11.10 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Fulton Financial Corporation had $627.21 million in total debt. The analyst consensus anticipated Fulton Financial Corporation’s latest quarter earnings to come in at $0.33 per share, but it turned out to be $0.38, a 15.20% surprise. At the end of the quarter ending June 29, Fulton Financial Corporation’s stock balance sheet showed total debt was $1.27 billion. Shareholders own equity worth $163.07 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Fulton Financial Corporation (FULT) price momentum. RSI 9-day as of the close on 22 October was 65.92%, suggesting the stock is Neutral, with historical volatility in this time frame at 36.78%.

As of today, FULT’s price is $16.52 +4.67% or $0.75 from its 5-day moving average. FULT is currently trading +11.98% higher than its 20-day SMA and -2.55% lower than its 100-day SMA. However, the stock’s current price level is +4.21% above the SMA50 and +19.38% above the SMA200.

The stochastic %K and %D were 83.46% and 77.95%, respectively, and the average true range (ATR) was 0.42. With the 14-day stochastic at 79.87% and the average true range at 0.41, the RSI (14) stands at 63.66%. The stock has reached 0.50 on the 9-day MACD Oscillator while the 14-day reading was at 0.59.

Analyst Ratings

Raymond James upgraded Fulton Financial Corporation (NASDAQ: FULT) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Mkt perform.


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